The Ministry of Finance projects the birr will stabilize in the upcoming 2026/27 fiscal year, despite a 15 percent depreciation against major foreign currencies over the past year.
During his federal budget presentation to Parliament last week, Finance Minister Ahmed Shide forecasted a 9.8 percent overall economic growth for the coming fiscal year. This growth is expected to be driven by a 7.1 percent increase in agriculture, 11.6 percent in industry, and 8.5 percent in the services sector, with the economy maintaining strong momentum despite unforeseen global developments.
However, Ahmed acknowledged potential challenges from the ongoing Middle East conflict, which has been factored into the government's budget planning.
Ethiopia is projected to import goods worth USD 25.8 billion in 2026/27, with fuel imports alone accounting for approximately USD 6 billion. The minister attributed this higher fuel import...
In an interview with Capital’s Groum Abate in Rwanda, Bayer’s Head of Global Public Affairs, Max Müller, argued that Africa’s development challenges are too often shaped by outside assumptions, rigid models and underestimation of local realities. He said the continent’s agricultural promise is not a distant possibility but a present reality, driven by farmers, technology and growing innovation across...
In this interview with Capital’s Groum Abate, Raliat Sunmonu, Vice President for Middle East and Africa at Accion Advisory, discusses the organization’s push to expand inclusive finance in Ethiopia through partnerships with banks, fintechs and other local actors. She highlights efforts to support women-led MSMEs, refugees and smallholder farmers, while also pointing to the policy and infrastructure changes needed...
REHABILITATION/RECONSTRUCTION OF WASH FACILITIES FOR 8 SCHOOLS IN THE TIGRAY REGION
LRFP-2026-9204518
Topic- UNICEF (Ethiopia) wishes to request eligible bidders to participate in a Request for Proposal (LRFP) for Rehabilitation/Reconstruction of Wash Facilities For 8 Schools in The Tigray Region
Details of this bid's requirements and eligibility criteria can be found in the bid document.
Interested and eligible bidders can get the...
Date: 19 June 2026
The Office of the United Nations High Commissioner for Refugees (UNHCR), Representation Office in Ethiopia, Addis Ababa, invites qualified and registered Suppliers to participate in the following tender:
SN Tender SubjectClosing Date 1 Request for Quotation ETH-UNHCR RFQ 3074 - For Consultancy for Legal Analysis and Due Diligence on Refugee Occupancy Rights, Housing, and...
External Auditor for July 2025 to 2026 June Organizational Audit
The SIRAD Institute for Research and Development (SIRAD) is a leading civil society organization in Ethiopia dedicated to uniting communities to develop and implement sustainable livelihoods, evidence-based solutions for peace, social cohesion, Capacity building, and empowering women and youth for inclusive development. In addition to its peacebuilding efforts.
Guided by a...
Development of a Methodology for Societal Peacebuilding Through Economic Resilience and Livelihoods
Initiative Africa (IA) invites qualified consulting firms, research institutions, think tanks, universities, civil society organizations, and consortiums to submit Expressions of Interest (EOI) for the development of an innovative methodology aimed at strengthening societal peacebuilding through economic resilience, livelihood creation, and the delivery of essential goods and services.
The...
Stakeholders say the main obstacle facing Ethiopia’s cultural and creative industries is not a lack of government funding, but the sector’s exclusion from the national investment code.
They argue that although the industry has strong potential to generate foreign exchange and create jobs, the absence of legal recognition within the country’s commercial framework has prevented the creative economy from emerging...
An art exhibition themed “Resilience and Inclusion” opened today at the Modern Art Museum’s Gebrekristos Desta Center in Addis Ababa to mark World Refugee Day 2026.
The group exhibition features works by seven refugee artists — five men and two women — from Eritrea, Somalia, Sudan, the Democratic Republic of Congo and Iraq.
Through paintings and other creative pieces, the artists...
By our staff reporter
The Mauritius Commercial Bank Limited (MCB) has provided a strategic financing package to Invictus Investment Company PLC (ADX: INVICTUS), a prominent agro-food enterprise operating in the Middle East and Africa. The package, structured as an acquisition finance and revolving credit facility, aims to support Invictus Investment’s expansion into new markets and strengthen its working capital position as it scales operations.
This financing agreement builds on the existing partnership between MCB and Invictus Investment and underscores a shared commitment to advancing food security...
By our staff reporter
Wingu Africa has launched Wingu Cloud Exchange (WCX), a locally hosted private cloud platform designed for the wider East African region.WCX gives organisations a secure, compliant, cost-effective, and easy-to-use alternative to offshore cloud services. With transparent local-currency pricing, rapid deployment, and instant scalability, it enables businesses to grow workloads without complexity or unpredictable costs. Launching first in Tanzania, the platform will gradually roll out across all Wingu markets, including Ethiopia and Djibouti.
WCX includes Wingu Compute, Wingu Kubernetes, Wingu Drive, and Wingu...