Wegagen Capital Investment Bank, one of the first two standalone investment banks, launched operations on June 2, 2025, at the Hilton Addis Abeba Hotel. Chief Executive Officer Brutawit Dawit was joined by Aklilu Wubet (PhD), (middle) president of We...
Jun 7 , 2025
Investors will soon find that physical paper certificates for government bonds and Central Bank securities are a relic of the past, replaced by electronic records stored securely online. The National...
Jun 8 , 2025
The foreign exchange market looked calm last week, yet its surface stability masked growing tensions among the commercial banks. Buying prices for the Green Buck clustered tightly around 131.95 Br, wh...
Jun 8 , 2025
Siinqee Bank has burst confidently from microfinance trenches into the competitive commercial banking industry, posting an impressive profit surge that outshone many peers. Its net profit jumped by 8...
May 11 , 2025
In a fresh blow to the embattled Purpose Black S.C., the Ministry of Revenues has demanded over half...
Jun 8 , 2025
Horizon Plantations Plc, a subsidiary of MIDROC Investment Group, is launching a major agricultural...
In a marked departure from traditional deterrents, transport authorities are set to impose a compuls...
Jun 8 , 2025
Meseret Mulle rises before dawn in the crowded quarter around Golagol Tower, waking her two sons, aged 13 and eight, in the single “kebele” house they share. At 35, she cleans homes in Gerji, a two-hour walk each way when she cannot spare the far...
Jun 8 , 2025
Few promises shine brighter in Addis Abeba than the pledge of a roof for every family. Gleaming office blocks now punctuate horizons once defined by tin-roof shacks, yet the capital's housing gap keeps widening. More than five million people, acco...
Jun 7 , 2025
Jens Hanefeld, Germany's envoy in Addis Abeba, touched down last September with a resume that mixes three decades of diplomacy, a decade running Volkswagen's global lobbying shop and the trained eye of a historian. Serving as ambassador to Ethiopia and Berlin's permanent representative to the Africa...
May 17 , 2025
The percentage share of private consumption in the GDP for the fiscal year 2021-2022. As the largest component of aggregate demand, it rose from 67.6pc in 2001, indicating an increase in household spending relative to the overall size of the economy.
Jun 7 , 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
Gedion Timotheos (PhD), minister of Foreign Affairs, responded to the concerns of Desalegn Chane (PhD), an opposition legislator from NaMA, tossing the claims that Ethiopia is in a "war of words" with Eritrea.
I was barely 18 in 1994 and just beginning my freshman year at Addis Abeba University when a friend asked me to accompany her on an errand to the nearby St. Mary Cathedral. The seat of the...
Jun 7 , 2025
Sep 17 , 2022
Sep 10 , 2022
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