The Ministry of Finance has announced that it will assume the debt of the Ethiopian Railway Corporation following the conclusion of restructuring talks with Chinese creditors, in a move that signals a new government approach to managing the liabilities of state-owned enterprises.
Finance Minister Ahmed Shide told Parliament that rising domestic and external debt levels remain a concern, but said the government is committed to a sustainable financial model that aligns repayment capacity with national economic growth. He said the railway corporation’s inability to generate enough revenue to service loans tied to the Addis Ababa-Djibouti railway and light rail projects had created major financial bottlenecks.
The debt will now be transferred to the Ministry of Finance and formalized in the budget document for the coming fiscal year, according to the minister.
The decision follows reports that Ethiopia...
In this interview with Capital’s Eyasu Zekarias, Claudio Pasqualucci, Trade Promotion Commissioner at the Italian Embassy in Addis Ababa, discusses the changing trade and investment landscape between Italy and Ethiopia, from the Mattei Plan and major infrastructure financing to banking reforms, coffee, and new opportunities in mining and manufacturing. He says the relationship is moving from recovery to expansion,...
In Ethiopia’s ongoing effort to strengthen its health system, the conversation is shifting from policy frameworks to practical ownership, from expansion to equity. Dr. Tsion Terefe Abeme, Program Development Manager at Orbis International, reflects on what it takes to translate ambition into sustained results. In this wide-ranging interview with Capital, she discusses the meaning of genuine country ownership, the...
Sale of Unserviceable Touchscreen Displays and UPS
REF#PRO32-3-752-PMU/26-4-1
The United Nations Economic Commission for Africa (UNECA) invites interested bidders to participate in a closed bid exercise for the sale of unserviceable touchscreen displays and UPS.
The bid items are to be sold “as is, where is” without recourse to warranties of any kind. Bid with some information will be available from 29...
Partner with GIZ PSD-E to scale ICT, BPO, or digital content solutions in Ethiopia.
GIZ’s Private Sector Development Ethiopia (PSD-E) Project, implemented on behalf of the German Government invites legally-registered private companies to apply for the Transformative Company Support Programme in the field of Digital Economy. The programme seeks ambitious companies with scalable business models that contribute to job creation,...
Founded in 2006, One Acre Fund equips 5.5 million smallholder farmers to make their farms more productive. Across nine countries that together are home to two-thirds of Africa's farmers, we provide high-quality farm supplies, tree seedlings, accessible credit, modern agronomic training, and a wide range of other agricultural services. On average, this model enables any farmer to increase their...
Experience elevated living in this stunning penthouse apartment located on the 11th floor of City Plaza, Bole Road—one of Addis Ababa’s most vibrant and sought-after areas.
This spacious and fully furnished residence features:
5 large bedrooms
Modern, fully equipped kitchen
Elegant living and dining spaces
Panoramic city views
Designed for comfort and style, the apartment offers the perfect blend of privacy, convenience, and luxury, with...
Rotary Addis Ababa West will celebrate its 35th anniversary with a special live performance by internationally acclaimed pianist Girma Yifrashewa at a charity event themed “Music for Humanity.”
Scheduled for June 5, 2026, at the Sheraton Addis, Luxury Collection Hotel, the evening will bring together European classical works and timeless Ethiopian compositions in what organizers describe as a rare musical...
In this interview, Festival Coordinator Menna Haile reflects on how the Addis International Film Festival has managed to endure for two decades despite political shifts, financial pressure, and occasional pushback. She discusses the festival’s commitment to human rights storytelling, the thinking behind this year’s theme, and why AIFF sees its mission as far from complete.
Q1: The festival has survived...
The current state of diplomatic paralysis, characterized by mutual distrust, unbalanced war dynamics, and fragmentation, hinders the region's ability...
By our staff reporter
The Mauritius Commercial Bank Limited (MCB) has provided a strategic financing package to Invictus Investment Company PLC (ADX: INVICTUS), a prominent agro-food enterprise operating in the Middle East and Africa. The package, structured as an acquisition finance and revolving credit facility, aims to support Invictus Investment’s expansion into new markets and strengthen its working capital position as it scales operations.
This financing agreement builds on the existing partnership between MCB and Invictus Investment and underscores a shared commitment to advancing food security...
By our staff reporter
Wingu Africa has launched Wingu Cloud Exchange (WCX), a locally hosted private cloud platform designed for the wider East African region.WCX gives organisations a secure, compliant, cost-effective, and easy-to-use alternative to offshore cloud services. With transparent local-currency pricing, rapid deployment, and instant scalability, it enables businesses to grow workloads without complexity or unpredictable costs. Launching first in Tanzania, the platform will gradually roll out across all Wingu markets, including Ethiopia and Djibouti.
WCX includes Wingu Compute, Wingu Kubernetes, Wingu Drive, and Wingu...