​Eritrea has formally petitioned the United Nations Security Council to forcefully condemn Ethiopia and...

United Nations Trade and Development (UNCTAD) has warned of a sharper slowdown in the...

Ethiopia’s planned Agricultural Bank is expected to begin operations within the next three months, providing a dedicated source of financing for farmers and businesses in the agricultural sector, according to the Ministry of Agriculture. Shimelis Tsegaye, Executive Director of Agricultural Mechanization at the ministry, told Capital that the lack of a specialised financial institution remains one of the major obstacles to modernising the country’s agriculture. Agriculture contributes about 33 per cent of Ethiopia’s gross domestic product (GDP), but banks provide only around two per cent of the estimated 2.5 trillion birr needed each year to finance the sector, according to figures cited by the ministry. Under the 10-year National Agricultural Finance Implementation Roadmap, the government plans to mobilise up to one trillion birr to expand agricultural financing. Farmers and agricultural businesses have struggled to secure loans from existing...

UN Secretary-General António Guterres expressed that he is “gravely concerned” by the sudden outbreak...

Oromia Bank posted a 49% surge in pre-tax profit to 3.82 billion Birr for...

Ethiopia’s newly formed federal government arrives at a moment when public expectations are unusually high. The country has enormous...

The latest diplomatic confrontation involving Ethiopia, Eritrea and Egypt is a warning that the Horn of Africa cannot afford...

The renewed fighting in northern Ethiopia is more than another security emergency. It is a warning that the country...

Human civilization is navigating a technological transformation unlike any before it. In less than a generation, artificial intelligence (AI)...