Thursday, September 19, 2024
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EEP reduces debt to...

By Eyasu ZekariasEthiopian Electric Power (EEP), the state-owned energy enterprise, has announced a significant...

Declining participation in Open...

While the ratio increased, participants in the Open Market Operation (OMO), the primary money...

NBE announces 100 billion birr loan expansion to boost forex generation

The National Bank of Ethiopia (NBE) says that banks can take out a total of 100 billion birr under the loan expansion ceiling in order to increase the revenue of hard currency. Zero remittance fees were advised by NBE.In an effort to increase foreign currency generation, the central bank has launched a six-month campaign in collaboration with various government agencies, financial institutions, diplomatic missions, and the diaspora.The campaign's primary target is remittances, which are one of Ethiopia's main sources of hard currency, despite the fact that they have historically been heavily abused due to the wide disparity between the official exchange rate and the parallel market.Various studies suggested that...

Exporters face market share...

By Eyasu ZekariasExporters are struggling to maintain their market share in China as government...

Amhara Bank appoints Yohannes...

By Eyasu Zekarias Amhara Bank has announced the appointment of Yohannes Ayalew (PhD) as its...
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PACCI to host landmark conference on...

The Pan African Chamber of Commerce and Industry (PACCI) is set to host the highly anticipated Prosperity Africa 2024...

Exporters lack awareness of international trade,...

By Eyasu ZekariasEthiopian exporters across various sectors are exhibiting low awareness of international trade practices, according to a recent...

Ethiopia’s reform...

Ethiopia stands at a critical juncture as it considers implementing sweeping economic reforms similar to those that have recently...

Risky reforms

As the International Monetary Fund (IMF) recently approved billions in extended credit facility for Ethiopia, the country faces a...

FAKE EVERYTHING

Modern governments invariably lie and intentionally mislead their citizens at the various junctions of modernity’s tightly organized existence! In...

The Power...

President William Ruto of Kenya recently introduced a series of fiscal reforms aimed at increasing the nation’s revenue to...

Transforming air ambulance services across Africa

In this exclusive interview, Capital sits down with Stephen Gitau, the Chief Executive Officer and Accountable Manager of AMREF Flying Doctors. With over four years of leadership experience, Stephen has been instrumental in advancing the company's strategic objectives, driving operational excellence, and fostering innovation...

A commitment to sustainable development

On September 1, 2024, Bill Gates, co-chair of the Bill & Melinda Gates Foundation, is on a significant visit to Ethiopia, marking his first trip to the country since the onset of the pandemic. This visit aims to strengthen partnerships with local organizations and...
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Entity United Nations Economic...

REQUEST FOR EXPRESSION OF INTEREST (EOI) This notice is placed by United Nations Economic Commission for Africa (UNECA). The accuracy, reliability and completeness of the contents of furnished information is the responsibility of Entity United Nations Economic Commission for Africa (UNECA). You are therefore requested to direct all queries regarding this EOI to Entity United Nations Economic Commission for Africa (UNECA) using the fax number or e-mail address provided below. Title of the EOI:  Provision of consultancy service in Ghana to prepare A technical report on Social Protection (SP) Systems and Reforms and Course module on social protection and reforms country profile      Date...

VACANCY ANNOUNCEMENT

The Organisation Internationale de la Francophonie (OIF) brings together 54 member States and governments, 7 associates and 27 observers spread out on the five continents, united by a common language: French. Conscious by the tie that is created between its members by the sharing of the French language and universal values, it works to promote peace, cooperation, solidarity and sustainable development. Job position: Security guard - GardenerAdministrative Unit: Permanent Representation of the OIF to the African UnionDuty station: Addis Ababa, EthiopiaStatus and grade: Local recruitment (level S2, Grade from S2-1)Duration of the contract: 3 years renewable, with a 6-month probationary period, possibility of renewal on...
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On Ethiopian New Year, “Meskel Flower” Is a Love Letter to Our Culture

By Ruhama WolleEvery September 11—as the rains retreat and the earth drinks its final drops—the golden petals of the Meskel flower are blooming across Ethiopia. They blanket the highlands in yellow brilliance, a living tapestry that signals the dawn of a new year: Enkutatash, the Ethiopian New Year. While the world waits for the cold grip of winter to...

Pagume festival returns for 7th year, celebrating Africa’s golden month

Pagume Festival Pvt. Ltd. is thrilled to announce the return of the Pagume Festival, set to be celebrated for the seventh time in the capital city of Addis Ababa. Since its inception in 2008, the festival has grown into a major cultural event, marking the 13th month of the Ethiopian calendar, Pagume. This unique and groundbreaking festival, which holds national...

Business and City Beautification: A Double-Edged Sword

Alazar KebedeCity beautification projects have long been touted as essential for urban renewal, making cities more attractive to residents, tourists, and investors. From planting...

Currency Devaluation and The Poor: An Empirical Analysis

Currency devaluation involves reducing the value of a country's currency relative to other currencies. While it can help boost exports and reduce trade deficits,...

Currency Devaluation and Currency Unification: Analyzing Economic Strategies

Despite the strong demand by the IMF and World Bank, the government of Prime Minister Abiy Ahmed resisted currency devaluation for years siting its...

Loza Abera; First ever Ethiopian Women Professional soccer player

DC Power Football Club announced the signing of striker Loza Abera Geinore, the Ethiopian Women’s National Team Captain who came to prominence this past...

Kaleb Amankwah signed for Ethiopia NegedBank

Former Hearts of Oak defender Kaleb Amankwah claims clubs in Ethiopia pay better salaries compared to Ghanaian clubs.Amankwah moved from Ghanaian giants Hearts of...

Tigist and Rosemary return for the 50th Berlin marathon

Four women with sub-2:20 PBs and six men to have dipped under 2:05 feature on the entry lists for the BMW Berlin Marathon, a...

The Rise of Digital Economies in Africa: A New...

Africa is undergoing a significant transformation with the rapid growth of its digital economy. This shift is powered by technological advancements, increased internet penetration,...

Navigating Ethiopia’s Economic Landscape: Opportunities and Challenges

Ethiopia, the second-most populous country in Africa, is a land of vast potential and rich cultural heritage. Its economic landscape has been evolving rapidly,...

FOCAC’s Partnership Action for Trade Prosperity: 

A Significant Boon for Ethiopia The 4th Summit of the Forum on China-Africa Cooperation (FOCAC), held in Beijing from September 4 to 6, 2024, brought...

Heaven Awet-A Tribute

I wouldn’t be surprised if the flood of protest being posted on line crushes a system like a self-duplicating computer virus. When protest runs...

Impulsive Developmental Agendas-Consequences

I got some kind of moral vindication when I heard a segment of the light railroad would be taken down soon. The remaining lines...

Does TPLF Thrive on Conflicts?

TPLF is a war machine. No doubt about that. Trouble is, however much it has perfected the art of war, it couldn't learn the...

Prevention of the recruitment of child soldiers tops the...

“Children do not start wars and cannot end them. We must do everything in our power to safeguard them. From their ability to learn through to accessing livelihoods, protecting children is not a choice, but an obligation.” At the opening of the 3rd National Conference on Protection of Children against Recruitment and Use of Children in South Sudan, Vice President, Rebecca Nyandeng de Mabior gave a...

United Nations Programme on HIV/AIDS (UNAIDS): Rising debt in...

The report details how this debt crisis is jeopardising progress aimed at ending AIDS in Sub-Saharan African countries, which account for a significant majority of people living with HIV globally – 25.9 million people of the nearly 40 million total. If debt payments and stifled budgets are unaddressed in the next three to five years, countries will be “under-resourced to fund their HIV responses,” according to...