August 28, 2023
Ethiopia: Skyrocketing Food Prices Plague Low-Income Families
In the bustling vegetable market of Kera, located in the heart of Addis Abeba, Addis Standard met Alemnesh Tibebu, a 48-year-old mother of three. Surrounded by a sea of bustling… Read more »
August 19, 2023
Ethiopia: Exchange Rate Reform - Damn If You Do, Damn If You Don't
The political and business corridors of Addis Abeba are overwhelmed by talks of an upcoming devaluation of the local currency - Ethiopian Birr. This is despite a recent statement… Read more »
August 03, 2023
Ethiopia: Nine Uni Students Represent Ethiopia in 7th Huawei ICT Competition Global Final in China
Following the completion of various national and regional contests, nine talented university students from Ethiopia have the opportunity to represent their country in the 7th… Read more »
August 18, 2023
Ethiopia: Government Pushes Forward With Second Phase Economic Reform Despite Dismal Outcomes of the First
The government is set to push forward with the second phase of its home-grown economic reform agenda, despite lackluster results from the initial phase implemented over the past… Read more »
Ethiopia: Safaricom Ethiopia Chief Executive Officer Leaves Business
Anwar Soussa, Chief Executive Officer of Safaricom Telecommunications Ethiopia PLC (STEP), has left the telecom company nearly two years after he assumed the position. Read more »
Ethiopia: Visa Launches New Initiatives to Support Fintech Start-Ups, Women Entrepreneurs in Ethiopia
Regional President for Central and Eastern Europe, Middle East and Africa Andrew Torre emphasizes Visa's commitment to expanding digital payments in Ethiopia by working closely… Read more »
Ethiopia: Former MTN Uganda CEO Joins Safaricom Ethiopia As New CEO
Safaricom Telecommunications Ethiopia PLC (STEP) gets a new Chief Executive Officer to replace its outgoing CEO, Anwar Soussa, who will depart the company effective 31st July 2023. Read more »
August 03, 2023
Ethiopia: Ethiopia Takes Step to Secure Crucial Foreign Currency From IMF, World Bank
With the conclusion of consultation on the second Home Grown Economic Reforms Agenda with the executive committee of the Development Assistance Group (DAG), Ethiopia moves a step… Read more »
August 18, 2023
Ethiopia: Khat Farmers, Exporters in Oromia Battle to Overcome Multilayered Crises Made Worse By Govt Interventions
Farmers and exporters of the lucrative khat crop, an essential stimulant plant, cultivated in vast areas of in the Oromia region are facing an unforeseen socio-economic crisis as a… Read more »
Ethiopia: Ethiopia's Domestic Debt Skyrockets, Raising Concerns Over Govt Borrowing Practices
Despite the government's efforts to curtail borrowing, Ethiopia's public debt is experiencing a rapid increase and shows no signs of slowing down. The latest debt bulletin… Read more »
Ethiopia: Ethiopia Submits Application to Join Brics Bloc of Developing Nations, Awaits 'Positive Response'
The Ministry of Foreign Affairs has announced that Ethiopia has officially submitted an application to join the BRICS bloc of developing nations. In a press conference held today,… Read more »
Ethiopia: Ethiopian Capital Market Authority Warns Public of Deceptive Stock Offerings
The Ethiopian Capital Market Authority (ECMA) has issued a stern warning to the public regarding companies engaging in improper procedures while floating shares. The authority… Read more »
August 16, 2023
Ethiopia: Safaricom Ethiopia Launches Long Awaited M-Pesa
M-PESA, Safaricom Ethiopia's Mobile Financial Services, goes live today three months after receiving the Payment Instrument Issuer License from the National Bank of Ethiopia. In… Read more »
Ethiopia: Conflict in Amhara Causes U.S$45 Million in Losses, Job Cuts
A recent conflict in the Amhara region between the federal government and a non-state armed group known as Fano has wreaked havoc on local industries, leading to damages. According… Read more »
August 11, 2023
Ethiopia: Govt Set to Award Second Telecom License By End of 2023
Ethiopian authorities have confirmed their plans to award the highly anticipated second telecommunications license before the end of 2023. Balcha Reba, the Director General of the… Read more »
August 04, 2023
Ethiopia: Export Sector Struggles As Revenue Plummets By 12%
Ethiopia's export sector grapples with a concerning decline in revenue as the just-concluded fiscal year comes to a close. Official reports reveal that the country's export… Read more »
August 01, 2023
Ethiopia: Ethiopia Unveils First-Ever Industrial Strategy to Boost Domestic Production, Reduce Imports
Ethiopia is gearing up to implement its first-ever industrial strategy starting in September 2023, with a focus on bolstering import substitution capability and enhancing… Read more »
July 27, 2023
Ethiopia: In-Depth - Safaricom Faces Recruitment, Employee Rights Crisis Despite Promising Entry to Ethiopia Market
After years of monopoly by the state owned Ethio telecom, the Ethiopian telecom sector has finally opened up to liberalization with Safaricom Ethiopia becoming the first firm now… Read more »
Africa: Actions Say More Than Words - Illustrations of the EU-AU Partnership
Authored by Ambassadors of the European Union and its Member States to the African Union Read more »
July 26, 2023
Ethiopia: CBE Stands Tall With Its Deposit Surpassing the One Trillion Birr Mark
Commercial Bank of Ethiopia (CBE) said it has made a remarkable achievement in the 2015 Ethiopian fiscal year, as its exceptional success saw its deposits soar to an astounding 1.1… Read more »
Ethiopia: Ethiopia Intensifies Campaign to Transport Fertilizer From Djibouti Port Amid Dire Supply Crisis, Fresh Protests in Hadiya Zone
The Ethiopian Ministry of Transport and Logistics said, following a campaign launched last week, it has been able to transport more than 60 thousand metric tons of fertilizer from… Read more »
July 12, 2023
Ethiopia: Analysis - Ethiopia's Industrialization Comes At a Cost As Workers Left Struggling With Alarmingly Low Wages
In the last two decades, Ethiopia has undergone a remarkable economic transformation, with a focus on industrialization to drive growth. Through strategic plans and policies, the… Read more »
July 13, 2023
Ethiopia: #asdailyscoop - Bgi Ethiopia Sets Path to Accelerated Growth With Relocation, Expansion Strategy
BGI Ethiopia, one of the leading brewery companies in Ethiopia, has recently achieved a significant milestone in its growth strategy. It finalized an agreement to sell its… Read more »
Ethiopia: Khat Farmers, Exporters in Oromia Battle to Overcome Multilayered Crises Made Worse By Govt Interventions
Farmers and exporters of the lucrative khat crop, an essential stimulant plant, cultivated in vast areas of in the Oromia region are facing an unforeseen socio-economic crisis as a… Read more »
July 18, 2023
Ethiopia: Ethiopian Govt Lifts Internet Restrictions On Major Social Media Platforms
After five months of blocking access, the Ethiopian government has finally lifted internet restrictions on major social media platforms. Services such as Facebook, Instagram,… Read more »