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Capital News

BIFA, EFFSAA forge strategic...

The British International Freight Association (BIFA) has established a partnership with its Ethiopian counterpart,...
Capital News

ESL claims global edge...

Ethiopian Shipping and Logistics (ESL) has announced its readiness with sustainable and competitive IT...
News

Afreximbank allocates USD 1 Billion for Ethiopian businesses and financial institutions

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The African Export-Import Bank (Afreximbank) is encouraging Ethiopian businesses and financial institutions to take advantage of the USD 1 billion allocated for the country over the next year. This initiative coincides with Ethiopia's steps toward greater currency convertibility, as highlighted by the National Bank of Ethiopia (NBE), which emphasizes the continental bank's role in directly financing businesses. Recently, Afreximbank conducted a two-day roadshow in Addis Ababa, its second in four years, to demonstrate its commitment to supporting Ethiopia's economic development, which is being propelled by significant policy reforms. Fikadu Digafie, Vice Governor and Chief Economist of the NBE, noted the success of Ethiopia's macroeconomic reforms over the past ten months. He described the roadshow as timely, given the country’s ongoing economic transformation, and underscored the need for collaboration between banks, the private sector, and the continental...
Capital News

Exporters face hurdles in...

As Ethiopia seeks to expand its exports of clothing, fruits, and vegetables, the country...
Capital News

Dodai partners with Addis...

Dodai Manufacturing Plc, a leader in Ethiopia’s electric mobility sector, has announced a landmark...
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Capital News

Africa’s Airlines: Marginal profits amid global...

African airlines are projected to generate a modest net profit of $72 million in 2025, representing just 0.2 percent...
Capital News

BIFA, EFFSAA forge strategic partnership to...

The British International Freight Association (BIFA) has established a partnership with its Ethiopian counterpart, the Ethiopian Freight Forwarders and...
Editorial

Why the...

In the Horn of Africa, across Ethiopia, Eritrea, Somalia, and Sudan, the region is buffeted by economic shocks, political...
Editorial

Africa’s new...

In the 21st century, the word “colonization” often conjures images of a bygone era—European flags planted in African soil,...
Editorial

Ethiopia must...

In recent weeks, the plight of Ethiopia’s health professionals has moved from the quiet corridors of hospitals to the...
Editorial

Rethinking risk,...

Taleb’s “black swan” describes rare, high-impact events that are only rationalized after the fact-financial crashes, pandemics, or geopolitical upheavals....
Interview

Pioneering Ethiopia’s Capital Market

As Ethiopia’s capital market takes its first bold steps, Wegagen Capital stands at the forefront of this financial transformation. In an exclusive interview with Capital’s Eyasu Zekarias, CEO Brutawit Abdi shares insights on the journey of launching Ethiopia’s first licensed investment bank, the challenges of building market infrastructure from the ground up, and the opportunities that lie ahead for both local and foreign investors. From navigating regulatory milestones and technological integration to fostering public awareness and attracting talent, Brutawit discusses how Wegagen Capital is shaping the future of investment in Ethiopia—and why she believes the country’s capital market is poised for remarkable growth in the years to come. Excerpts; Capital: As a pioneering institution, how do you assess the current state of the Ethiopian capital market since its inception? What are its most promising aspects? Brutawit Dawit Abdi: The Ethiopian capital market was established recently, and since its inception, significant progress has been made. An institutional framework has been created, along with regulations and directives. Awareness has been raised among banks,...
Interview

50 Years of Partnership

As Ethiopia and the European Union mark 50 years of diplomatic relations, the partnership between Addis Ababa and Brussels stands at a pivotal crossroads—shaped by both longstanding cooperation and new global realities. From supporting Ethiopia’s ambitious reform agenda and humanitarian needs to championing sustainable development and trade, the EU remains a key ally in Ethiopia’s journey toward peace, prosperity, and integration into the global economy. Amid shifting geopolitical dynamics, regional challenges, and the ongoing quest for inclusive growth, the role of the EU has never been more significant. In this exclusive interview, Sofie From-Emmesberger, Ambassador of the European Union to Ethiopia, discusses the current state of EU-Ethiopia relations, the bloc’s response to pressing humanitarian and development needs, and the opportunities and challenges that lie ahead. She shares insights on the EU’s support for peace and stability in conflict-affected regions, strategies for climate resilience, the future of trade and investment, and the evolving landscape of mobility and migration. Ambassador From-Emmesberger’s perspectives offer a comprehensive look at how the EU is working...
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Request For Expression of...

Vacancy & Bid
This notice is placed by UNECA. You are therefore requested to direct all queries regarding this EOI to United Nations Economic Commission for Africa using the e-mail address provided below. Title of the EOI: Establishment of an L TA to procure Internal Environmental Audit Services for the Economic Commission for Africa HQ in Addis Abab Date of this EOI:              03 June 2025             Closing Date for Receipt of EOI:               16 June 2025 Address EOI response by fax for the Attention of:      Ms. Rachael Chironga / Mr. Ali Assaad UNSPSC Code: 77101800 – Environmental Auditing DESCRIPTION OF REQUIREMENTS The United Nations Economic Commission for Africa (ECA) intends to establish a Long-Term Agreement (LTA) for a period of three (3) years and is seeking Expressions of Interest (EOls) from qualified companies with the required expertise and experience to conduct internal environmental audits in line with the ISO 14001:2015 standard. These audits are part of EGA's commitment to implementing and maintaining an Environmental Management System (EMS), in alignment with the requirements of the United Nations and the Sustainable United Nations (SUN) framework. Interested firms must meet the following minimum requirements: • Have at least 10 years of experience in conducting ISO 14001 :2015 audits (including internal, preassessment, surveillance, and certification audits). • Experience in conducting such audits...

REQUEST FOR EXPRESSION OF...

Vacancy & Bid
This notice is placed on behalf of UNECA. You are therefore requested to direct all your queries toUnited Nations Economic Commission for Africa using the fax number provided below Title of the EOI: Provision of Architectural and Engineering Services Date of this EOI:  30 May   2025 Closing Date for Receipt of EOI:  13 June 2025 EOIUNECA23673 E-mail Address: mamod@un.org;  assaad@un.org Address EOI response by fax for the Attention of: Daniel Mamo/Ali Assaad Fax Number UNSPSC Code:  81101508 - Architectural engineering The United Nations Economic Commission for Africa (UNECA) seeks to engage a qualified Architectural/Engineering firm to provide Campus Architect Professional Services for its headquarters in Addis Ababa, Ethiopia and its five sub regional offices in, North Africa/Rabat/Morocco, East Africa/Kigali/Rwanda, South Africa/Lusaka/Zambia, Central Africa /Yaoundé/Cameron, West Africa/Niamey/Niger and The Institute for Economic Development and Planning in Dakar/Senegal (subsidiary office of UNECA). The premises of UNECA headquarters in Addis Ababa span approximately 130,000 m² of buildings across 13 hectares, consisting of over 20 structures, making it the third-largest UN real estate portfolio after UNHQ in New York and the UN Campus in Geneva. DESCRIPTION OF REQUIREMENTS The purpose of this solicitation is to engage a qualified and experienced multidisciplinary architectural/engineering firm to provide professional Architectural Firm Services for the UNECA. The selected firm will support the implementation of...
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Arts and Culture

“Taxi Rimbaud” exhibition brings French Poet’s spirit and Ethiopian taxi culture to life

The Alliance Ethio-Française played host to a unique artistic journey on May 17 with the opening of “Taxi Rimbaud: An Image in Motion,” a one-night-only exhibition by French artist Emmanuel Benoit. The event celebrated the life and legacy of legendary French poet Arthur Rimbaud, reimagined through the lens of Ethiopia’s vibrant taxi culture and contemporary art. Arthur Rimbaud, born in...
Arts and Culture

CEDHUL to host landmark festival celebrating African AI Cinema

The Center for Digital Humanities at the University of Lagos (CEDHUL) has announced an exciting collaboration with Transhumanists Africa to host the inaugural Artificial Intelligence Short Film Festival (TA-AISFF). This festival, set to take place from November 21 to 23, 2025, will showcase a unique blend of African storytelling and cutting-edge technology, featuring both virtual and in-person events at...
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Business & Economy

Currency Devaluation, Inflation and...

Currency devaluation and inflation are two economic phenomena that significantly influence the well-being of individuals and nations alike. For...
Business & Economy

President Trump and Rare...

During his first Presidency (2017–2021), Donald Trump placed renewed focus on rare earth minerals, recognizing their critical importance to...
Business & Economy

The Politics of Global...

Global financial ratings, often seen as neutral arbiters of economic risk, play a decisive role in shaping the fates...
Sports

Shot and a Bet:...

These days, side gigs aren’t just about making ends meet; they’re about passion, creativity, and sometimes even going viral....
Sports

Basketball Africa League 2025...

The 2025 Basketball Africa League (BAL) playoffs and finals, which will be held at the SunBet Arena in Pretoria,...
Sports

African legends bring hope...

When the wider world thinks of Somalia, the first things that are most likely to come to mind are...
Opinion

“China Up Close” Media...

A select group of leading media professionals from Asia, Africa, Latin America, and the Middle East will embark on...
Opinion

Government unveils new investment...

To further open the economy to international players, the government has introduced new investment incentives designed to stimulate private...
Opinion

Elite Western universities form...

US President Donald Trump has banned international students from attending Harvard University, citing national security concerns. The move has sparked...
Society

Ethiopia must ban crypto...

Ethiopia has recently begun to attract the world’s attention in connection with cryptocurrencies. The 2024 Global Crypto Adoption Index...
Society

China’s Infrastructure Revolution: Why...

By Seringe S.T. Touray In Beijing, as we transition into Spring, temperatures fluctuate - a contrast to the invariable political...
Society

China’s Infrastructure Revolution: Why...

By Seringe S.T. Touray In Beijing, as we transition into Spring, temperatures fluctuate - a contrast to the invariable political...
AfricaNews

Mantashe to attend major AOW energy event

South Africa’s Minister of Mineral and Petroleum Resources, Mr Gwede Mantashe has committed to attend the four-day AOW energy event (https://AOWEnergy.com/) in Cape Town from 7 – 10 October. AOW: Investing in African Energy brings together industry leaders to develop policy, share discoveries, secure investment, and shape Africa’s energy future. This year’s event will feature more than 1 600 senior delegates, 80 ministers and officials from 70+ countries and representatives of more than 760 companies. Announcing Mantashe’s confirmed attendance, Chief Executive Officer of Sankofa Events, Paul Sinclair...
AfricaNews

The Gambia’s Minister of Petroleum and Energy Joins African...

On the back of major investments from multilateral finance institution the African Development Bank, The Gambia is poised to increase its electrification rate to 70% – 50% in rural areas – by the end of the year. In the wake of the country’s burgeoning energy sector, The Gambia’s Minister of Petroleum and Energy Nani Juwara will participate as a speaker at this year’s African Energy Week (AEW): Invest in African Energy 2024 conference, which takes place in Cape Town from November 4-8. The Gambia represents...

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