A public service employee who earns 7,500 Br a month recently found himself walking away empty-handed from a street vendor near Anbessa Gibi Park (Russia St.) in Addis Abeba. Only weeks ago, he could buy 20 to 30 eggs a week at under 10 Br each, but...
Feb 23 , 2025
Chinese e-commerce giant AliExpress, part of the Alibaba Group, announced last week that it will start accepting Birr for transactions. The service, set to begin on February 24, 2025, is also being ro...
Feb 23 , 2025
It is official. The formal forex market has the private big five banks — Awash, Abyssinia, Dashen, Wegagen, and Zemen — offering buying rates for a dollar last week that exceeded the “psychologi...
Feb 23 , 2025
Bunna Bank, in its 15th year of operation, has posted noteworthy gains in deposits and total assets in the 2023/24 financial year while revealing mounting challenges in profitability, an outcome that...
Feb 23 , 2025
Ethiopian football's premier competition is experiencing a financial crisis. Behind the allure of pa...
Feb 23 , 2025
Ethiopian cotton producers are struggling to sell their goods as Value-Added Tax (VAT) hikes prices...
Feb 23 , 2025
Pharmaceutical manufacturers are seeking greater loan access to ease financial strain caused by high...
Feb 23 , 2025
Endalk Eshetu stood arguing with a street egg vendor on Russian Street, near Anbessa Gibi Park in Amist Kilo. It was Thursday at 5:30 PM, the peak of rush hour, with long taxi queues as employees left their offices. The street was crowded with peo...
Feb 23 , 2025
Africa is a place where the frustrations of its elites run high due to what they feel are external yardsticks distorting the continental potential. Ironically, successive generations of leaders have long borrowed foreign institutional models from the...
Feb 23 , 2025
Charged with transforming colossal state-owned enterprises into modern and competitive powerhouses, the sovereign wealth manager, Ethiopian Investment Holdings (EIH), is at a defining moment. At the helm is Brook Taye (PhD), its third CEO since its founding in 2020, whose vision departs from convent...
Dec 22 , 2024
The value in dollars of Ethiopia’s exports under AGOA in 2021, up from 930,000 dollars in 2000. It was a remarkable jump of 29,600pc, before the Biden Administration delisted Ethiopia from beneficiary countries in 2022.
Feb 16 , 2025
Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the media, showcasing what polling stations will look like during the upcoming national elections; and they took the...
Oct 3 , 2020
In a spirited opinion piece Al Jazeera posted, former President Mulatu Teshome (PhD) accused Eritrea's President Isaias Afewerki of fueling conflict in the Horn of Africa. Mulatu blamed Isaias for stirring tensions once again, even after the Pretoria Peace Agreement ended the two-year civil war, in which Eritrean forces participated as allies to the Ethiopian National Defence Forces.
I spent a quiet Saturday afternoon at one of my favourite hideaways, La Patisserie Cafe, known for its excellent pastries and coffee. While my car was being washed, I enj...
Feb 23 , 2025