Saturday, July 27, 2024
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Local News
Feature

NBE approves directive allowing banks to invest 25% of capital in commercial ventures

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The National Bank of Ethiopia (NBE), which regulates the financial industry, has ratified a new directive that allows banks...
Feature

Industrial Park exports decline amid market challenges

The Ethiopian Investment Commission (EIC) has reported that the country's revenue from exports in the current fiscal year has fallen significantly short of its...
Feature

New Leadership elected for Chamber of Commerce

In a significant development, the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) has elected a new president and leadership team during its general...
Feature

Ethio Telecom applies for first American loan in over a decade

For the first time in over a decade, the state-owned telecom company Ethio Telecom is in the process of applying for a loan from...
Feature

Central Bank launches open market operations, unveils new monetary policy framework

Open market operations (OMO), the first modern primary market, took place this week after the new monetary policy framework was announced early on. The...
Local News

Breakthrough treatment for Neglected Skin Disease PKDL discovered in East Africa

A new clinical trial has found a safer, shorter, and more effective treatment for post-kala-azar dermal leishmaniasis (PKDL), a debilitating skin condition that affects thousands in East Africa. The...
Local News

India offers scholarships to 35 Ethiopian students in first round

In a move to bolster educational cooperation between India and Ethiopia, the Government of India has announced a scholarship program for Ethiopian students in the 2023/24 academic year. Under this...
Local News

Hotels reinstate full US dollar payments for foreign nationals

In a significant development, hotels across Ethiopia have restarted accepting full payment in US dollars from foreign passport holders for the services they provide. This...
Local News

Major agricultural expansion in Gurage Zone targets one million citrus trees

Dagne Dhaba Agricultural Products Exporter has announced that it has expanded to the Gurage Zone in Central Ethiopia region. The firm's new farm, located...
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Editorial
Editorial

The Power of popular resistance

President William Ruto of Kenya recently introduced a series of fiscal reforms aimed at increasing the nation’s revenue to tackle its growing fiscal challenges. These reforms, encapsulated in a Finance Bill...
Editorial

The devastating toll of Ethiopia’s unending crisis

As Ethiopia's civil war continues unabated into its fourth year, the country finds itself grappling with profound and far-reaching consequences that have extended well...
Editorial

INCREASED INCOHERENCE

States and their innate manipulative behaviors, almost always at the service of capital, are at the core of the current overwhelming incoherence that obtains...
Vacancy and Bid
In Pictures

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how to get a free ride

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Interview
Interview

Bridging Continents

Dawit Woldemariam is a distinguished Business Development Manager with over six years of experience spanning Kenya, Mauritius, South Africa, and Ethiopia. Dawit is an...
Interview

Digital currency and its implications

We have the pleasure of speaking with Ketema Adane, a distinguished partner at Ethio-Alliance Advocates LLP. With an impressive academic background, Ketema holds both...
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Art & Culture
Arts and Culture

“Sounds of Ashenda”

Music enthusiasts in Ethiopia and beyond are in for a treat as Muzikawi, in collaboration with the esteemed Tigray Cultural Group, announces the release of a new single titled...
Arts and Culture

CANEX SHORTS: Afreximbank announces Short Film Competition & Screenings

African Export Import Bank (Afreximbank), through its Creative Africa Nexus (CANEX) programme announced the second edition of the vibrant short film competition and screening initiative, CANEX Shorts. CANEX Shorts is...
Arts and Culture

15 Finalists of the Real Leather. Stay Different. Africa Talent Leather Design Showcase, 2024

The Real Leather. Stay Different. Africa Talent Leather Design Showcase 2024 proudly unveils the 15 finalists of this year's competition. This prestigious event, an...
Arts and Culture

Showcasing the power of the chair

In a groundbreaking move that celebrates the cultural and artistic richness of Ethiopia, the country has hosted its first-ever Chair Exhibition, highlighting the extraordinary...
Sports
Sports

Why Deo Kato is running across Africa?

Deo Kato hadn’t planned on running through South Sudan, but crossing into Ethiopia would have cost him the funds of his whole trip. So once he reached a dead...
Sports

Ethiopia NegedBank won the 2024 Premier League title

Ethiopia NegdBank defeated Ethiopia Medin(Insurance) in the season's final fixture to win the 2024 Premier League title. Under head Coach Beselot Lulseged, NegedBank collected 64 points from 30 fixtures...
Sports

Biniam Girmay wins again as Roglic crashes and loses time

History-maker Biniam Girmay sprinted to his third victory at this year's Tour de France but overall contender Primoz Roglic lost significant time after a...
Sports

“I want to be one of the Best in the World” Selemon Barega

Despite his parents not wanting him to pursue a career in running, Selemon Barega defied the odds to become one of the best in...
Enterprenuers
Entrepreneurs

Name: Nathnael Gezghagne

Education: BA Degree in Hotel Tourism Company name: Nati Video and Photo Title: CEO Founded in: 2023 What it does: Video and photo editing services Headquarters: Addis Ababa Startup capital: 30,000 birr Current capital: 250,000 birr Number...
Entrepreneurs

Name: Besufekad Gurmamo

Education: Diploma in Auto Mechanics Company: B&M Garage Title: CEO Founded: 2023 What it does: Provides immediate response for a car break down Headquarters: Adama Startup capital: 50,000 ETB Current Capital: 1,000,000 ETB Number of employees: 7 Reason...
Entrepreneurs

Name: Mahlet Azene

Education: MSc in Speech & Language Therapy Company name: Jaziel Speech & Language Therapy Clinic Title: Owner, Manager & Therapist Founded in: 2022 What it does: Speech therapy...
Entrepreneurs

Name: Bereket Tsegaye

Education: Graphics, Video Editing, Cinematography Company Name: 'Devo Printing and Advertising' Title: Owner Manager Founded in: 2019 What it does: Printing, Advertising, and Digital Marketing Headquarters: Addis Ababa Startup capital:...
Opinion
Society
Opinion

“Lighting the way forward” navigating the complexities of currency Swaps: NBE’s recent move

The national bank of Ethiopia (NBE) and its counterpart central bank in the United Arab Emirates (CBUAE) have inked a swap and memorandum of...
Opinion

It should be called a coffee break, not a tea break

Coffee is produced in more than 50 countries worldwide, and data shows that more than 120 million people in the world depend on coffee...
Society

Ethiopia’s Green Legacy initiative is a lifeline for the world, providing an opportunity for all of us to breathe

Today marks a new era for Ethiopia due to several factors, with the success of the Green Legacy initiative being crucial for Africa and...
Society

Capital markets regulatory risks and how to mitigate them?

In my previous two articles I shared my perspectives on what it takes the Ethiopian Capital Market to thrive (The Ecosystem approach) and followed...
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Business and Economics
Doing Business
Business & Economy

The operations of economies

The economy is about how wealth is created, distributed and consumed. It concerns the ways in which a country produces, distributes and consumes the...
Business & Economy

The Economic History of the Atlantic Civilization

When the term “Atlantic civilization” was coined in the 18th century, the underlying idea was meant to combine the values of the French and...
Doing Business

Consumer behaviour

Consumers around the world have many similar needs. All people must eat, drink and have a roof over their heads. Once these basic needs...
Doing Business

Leaving our comfort zone

The results of what we do depends on the combination of three factors, i.e. Knowledge, Skills and Motivation. If any of the three are...
Africa News
AfricaNews

Africa: Finance and foreign ministers call for remaking the international financial system in the interest of developing countries

Dozens of finance and foreign ministers met this week to call for radical action to reform the international financial architecture, empower developing countries in international institutions and channel trillions...
AfricaNews

Economic Community of West African States (ECOWAS) Centre for Renewable Energy and Energy Efficiency (ECREEE) Inaugurates Solarization of Three Hospitals in Ghana

The ECOWAS Centre for Renewable Energy and Energy Efficiency (ECREEE) is proud to announce the inauguration of solarization projects at three hospitals in Ghana. These projects include a 61KWp...

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