Sewmehon Yismaw, known affectionately as "Somick," is a filmmaker who describes his life as a mystery he would personally direct. He speaks proudly of his childhood, recounting how his gift for storytelling was nurtured by a local figure, Taju, who w...
Jan 5 , 2025
The Ethiopian Pharmaceutical Supply Service (EPSS) plans to construct a 100 million dollars mega warehouse in a bid to modernise and centralise its pharmaceutical storage and distribution. The project...
Jan 5 , 2025
Last week, the foreign exchange market provided a window into the persistent tussle between policy objectives and market forces. An outlier emerged in Tsehay Bank, which decisively pushed past the 12...
Jan 5 , 2025
Oromia Bank entered its 2023/24 financial year with cautious optimism but delivered a mixed performance as moderate asset growth and deposit gains were tempered by a steep decline in profitability. Th...
Dec 29 , 2024
Ethio telecom's ambitious plan to expand infrastructure and improve rural connectivity is facing maj...
Jan 5 , 2025
City transport authorities have launched a new digital traffic management system that has already re...
Jan 5 , 2025
A series of increasingly powerful earthquakes have struck the Afar, Amhara, and Oromia regions, dama...
Jan 5 , 2025
The blistering sun barely bothered 60-year-old Alemneh Eshetu as he strolls from one vendor to another looking to buy an affordable chicken. With his red coat and hat to cover the inferno, he paces around with 1,000 Br in his pocket, expecting to sec...
Jan 5 , 2025
Time seldom passes without prompting reflection, and the dawn of 2025 should nudge Ethiopians into contemplating their trajectory as the first quarter of the 21st Century closes. This vast country of over 100 million people, endowed with abundant...
Jan 4 , 2025
Ten entrepreneurs reveal the ups and downs of building businesses. From turning coffee waste into oil products to digitizing traditional equb, they share how personal experiences, local problems, and ideas shaped their startups. Their toughest obstacles include lack of funding and skepticism from cl...
Jan 5 , 2025
Tax revenues in dollars federal authorities have set their sights on collecting by 2029, under a 10-year plan unveiled in 2021. Central to this ambition is nearly doubling the tax-to-GDP ratio, from 9.2pc in 2019/20, a daunting task by global standards.
Jan 4 , 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
Eyob Tekalegn (PhD), state minister for Finance, told the Financial Times last week that the administration is pressing ahead with a raft of economic reforms, including the decision to float the Birr. Since the foreign exchange market was liberalised in July 2024, the Brewed Buck has depreciated by over 110pc against the Dollar.
I would rank December as one of the best months in 2024. I may be biased by the fact that it was a vacation time for me, enjoying exciting travels during the Christmas season, and finally ta...
Jan 4 , 2025