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The week in picture December 17, 2018 - December 22, 2018

Firehiwot Worku, secretary general of the Ethiopian Red Cross Society, Abera Tola, board director of the Society and President Sahlework Zewde and an unidentified blood donor are photographed on December 10, 2018, during an event held to celebrate the International Volunteer Day at International Hotel.

The week in picture December 17, 2018 - December 22, 2018

Visitors to the annual Addis Foto Fest, held for the fifth time at the Sheraton Addis, are admiring the exhibition. The four-day event that started on December 6, 2018, attracted over 800 applicants from over 120 countries.

The week in picture December 17, 2018 - December 22, 2018

A common occurrence in the city. This crowded street running from Qera Gebriel to Mebrat Hail has been dug up between the pedestrian walkway and the asphalt road causing pedestrian and vehicular inconveniences.

The week in picture December 17, 2018 - December 22, 2018

Addis Foto Fest, A common occurrence in Addis Abeba, and International Volunteer Day at International Hotel.

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Radar

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses, this past Saturday, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payme...

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Radar

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...

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Radar

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...

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