August 30
Ethiopia: CBE's Elimination of Two Positions Sparks Mass Layoffs for Workers Hired Via Commercial Nominees
Close to 2,500 employees hired through the outsourcing entity Commercial Nominees and currently working as customer service representatives and document control clerks at various… Read more »
August 29
Djibouti: New CEO Vows to Revitalize Debt-Laden Ethio-Djibouti Railway Into a Profitable Entity in Three Years
Takele Uma, the newly appointed CEO of the Ethiopia-Djibouti Railway S.C., has pledged to transform the company into a profitable entity within three years. Read more »
August 28
Ethiopia: Ethiopia Activates Key Turbines At GERD Amid Regional Diplomatic Maneuvering
In a significant stride towards bolstering Ethiopia's energy independence, a pivotal development emerged from a place called Guba, which is located in the Benishangul-Gumuz… Read more »
Ethiopia: Ethiopian Electric Power Generates Over $25 Million in Revenue From Data Mining Companies
Ethiopian Electric Power (EEP) announced that it generated over $25 million in revenue from electricity supplied to companies involved in data mining during the 2023/2024 fiscal… Read more »
August 27
Ethiopia: Govt Imports 50 Million Liters of Cooking Oil, 200,000 Quintals of Sugar to Tame Surging Prices Ahead of Ethiopian New Year
To address the rising prices observed in various markets across Ethiopia, the government has announced the importation of 50 million liters of edible oil. Read more »
Ethiopia: Boeing's African Adventure to Take Off in October 2024 With Its New Office Opening in Ethiopia
Boeing's Africa office is set to commence operations in October 2024, as announced by Henok Teferra, Managing Director of Boeing Africa. Read more »
August 22
Ethiopia: GERD Contributes 17% to Ethiopia's Power Supply, Eep Eyes $300m From Exports
The Ethiopian Electric Power (EEP) disclosed that the Grand Ethiopian Renaissance Dam (GERD) contributed 17% to the country's total power supply during the previous fiscal year. Read more »
August 19
Ethiopia: Bahir Dar Returns to Normal After Days of Strike, Unrest
Bahir Dar, the capital city of the Amhara region, has returned to a state of normalcy following a strike initiated on Friday that resulted in the closure of businesses and the… Read more »
August 14
Ethiopia: Ethiopia Trade Union Demands Wage Increase, Legal Protections for Private Workers
The Confederation of Ethiopian Trade Unions (CETU) has formally requested that the government issue guidelines for wage adjustments applicable to private sector employees. Read more »
Ethiopia: Ethiopia's Misplaced Priorities - Infrastructure Gains Amid Political, Humanitarian Challenges
Ethiopia has witnessed significant infrastructure growth, particularly over the past five years. In the capital Addis Abeba for instance, the recent corridor development has… Read more »
July 24
Ethiopia: Ethiopian Airlines 'Seeking Clarification' After Eritrea Suspends Flights Effective Sept
Ethiopian Airlines said that it is "currently seeking clarification from the Eritrean Civil Aviation Authority and is committed to resolving any issues amicably and promptly.' Read more »
June 29
Africa: Ethiopia Tops Sub-Saharan Africa in Economic Losses From Internet Shutdowns: New Study
New research from the Center for Rights and Democracy (CARD), a local nonprofit organization, reveals that Ethiopia experienced the most severe internet shutdown in Sub-Saharan… Read more »
July 11
Ethiopia: Addis Abeba City Council Reviews 230.4 Billion Birr Budget Proposal for 2024/25 Fiscal Year
The Addis Abeba City Council is currently reviewing a proposed budget bill for the upcoming 2024/25 fiscal year, showcasing a significant increase in spending plans. Read more »
July 08
Ethiopia: National Bank Reports Inflation Rate Drop to 19.9% in June 2024
The National Bank of Ethiopia (NBE) has reported that the country's inflation rate has decreased to 19.9% in June 2024, down from 29.3% in the same period last year. According to… Read more »
July 31
Ethiopia: Lawmakers Approve World Bank's $1.5b Grant, Concessional Loan
In its first emergency meeting of the third year, the House of Peoples Representatives (HoPR) approved the World Bank's $1 billion grant and $500 million concessional credit from… Read more »
August 02
Ethiopia: Beyond Visible Infrastructures - Untold Success Stories of Addis Abeba Corridor Development
This very title I am writing on reminds me what Kofi Annan, former Secretary General of the United Nations, once said about the corridor development initiative which reads… Read more »
Ethiopia: Ethiopia's Forex Market Reforms: Tumble or Turnaround?
It was widely acknowledged that Ethiopia's foreign exchange system was undergoing a period of significant transformation. In recent years, speculation regarding a substantial… Read more »
August 06
Ethiopia: Punitive Measures Will Not Stabilize Fore-Ex Market Induced Panic in Product Market
It's now been a week since Ethiopia liberalized its forex market. Shortly after the news broke, policymakers faced two major tests. The first challenge was the timing of the policy… Read more »
August 05
Ethiopia: Ethiopia's Foreign Currency Market Liberalization: Does the Move Meet Ethiopia's Long-Term Economic Goals?
Ethiopia has a rich historical legacy when it comes to the introduction and use of currencies. The issuance of modern banknotes by the Bank of Abyssinia in 1915 marked a… Read more »
Ethiopia: Critique of Ethiopia's Macroeconomic Policy: a Comparative Analysis
Ethiopia's recent decision to allow the Ethiopian birr (ETB) to float freely against the US dollar (USD) marks a significant shift in its economic strategy. As of August 3, 2024,… Read more »
August 02
Ethiopia: Birr Plummets After PM Abiy Calls to Further Narrow Gap Between Official, Black Markets
Prime Minister Abiy Ahmed, on Thursday, stated the need to narrow the gap between the black market and official exchange rates following the recent macroeconomic reforms supported… Read more »
August 01
Ethiopia: Opposition Ezema Criticizes Government's 'Untimely' Forex Reform, Warns of Consequences
The Ethiopian Citizens for Social Justice party (EZEMA) has voiced strong criticism against the government's recent shift to a market-based exchange regime, warning of potential… Read more »
July 30
Ethiopia: World Bank Provides $1 Billion Grant, $500 Million Concessional Credit for Ethiopia
The World Bank's Board of Executive Directors approved today the Ethiopia First Sustainable and Inclusive Growth Development Policy Operation. This policy operation supports… Read more »
Ethiopia: Ethiopian Airlines Defends Transporting Live Monkeys to US As 'Complying With Aviation Rules'
Ethiopian Airlines has defended its transportation of live primates to the US for laboratory use as complying with "international aviation" rules, following criticism from the… Read more »
July 29
Ethiopia: News - Birr Devaluates By Initial 30 Percent As Ethiopia Introduces Market-Based Exchange Regime
The National Bank of Ethiopia (NBE) announced today a shift to a market-based exchange regime as part of a major revision of the country's foreign exchange (FX) system. The move… Read more »