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Capital News

Experts predict resurgence of...

August 10, 2025

The National Bank of Ethiopia (NBE) has announced its readiness to license foreign banks...

Capital News

EEP to secure 76...

August 10, 2025

Ethiopian Electric Power (EEP) has announced plans to raise a 76 billion birr loan...

News

ESL board approves major capital increase to boost operations

August 10, 20250

The board of Ethiopian Shipping and Logistics (ESL), chaired by Finance Minister Ahmed Shide, has approved a long-awaited capital increase for the state-owned logistics company. This strategic investment will significantly enhance ESL’s operational capabilities and support its ambitious growth in both regional and international logistics markets. The capital boost will raise ESL’s funding tenfold, from 20 billion birr to 200 billion birr, strengthening its capacity and facilitating expansion across key logistics segments. This decision was finalized during a recent board meeting attended by government officials, public enterprise leaders, and private sector representatives, including Takele Uma, CEO of Ethio-Djibouti Railway SC, and Denge Boru, State Minister of Transport and Logistics. Approval had previously been delayed due to incomplete audit reports, which have now been resolved. According to ESL CEO Beriso Amelo, the delay stemmed from the need for...

Capital News

Amana Insurance to become...

August 10, 2025

Amana Insurance SC is set to launch soon, marking a historic milestone in Ethiopia’s...

Capital News

UNICEF’s 2025 humanitarian plan...

August 10, 2025

UNICEF’s Humanitarian Action for Children (HAC) plan for Ethiopia in 2025 is facing a...

Capital News

Habesha Breweries offers shareholders a 5,900...

August 10, 2025

Habesha Breweries S.C. has officially extended an offer to its shareholders to sell their shares at 5,900 birr each,...

Capital News

African Fine Coffees Association to host...

August 10, 2025

The African Fine Coffees Association (AFCA) is set to convene its 22nd African Good Coffees Summit and Exhibition from...

Editorial

The dangerous...

August 10, 2025

The world is treading a perilous path—one marked by stark inequalities, muted global accountability, and a succession of power...

Editorial

Starvation in...

August 3, 2025

In the 21st century, amid astonishing advances in technology, communication, and a professed global consciousness, the unfolding starvation crisis...

Editorial

The moment...

July 27, 2025

As Ethiopia stands at yet another dangerous crossroads, the specter of renewed war between the federal government and the...

Editorial

Africa’s rising...

July 20, 2025

As Africa’s economies strive to recover and grow following a series of unprecedented global shocks, the continent finds itself...

Interview

Harmonizing the Skies

The global aviation industry is often seen as a barometer of economic interconnectedness and growth potential, but nowhere are its challenges and opportunities as pronounced as in Africa. At the 81st International Air Transport Association (IATA) Annual General Meeting and World Air Transport Summit in New Delhi, India, Marie Owens Thomsen—Senior Vice President Sustainability & Chief Economist of IATA—sat...

Interview

Unlocking financial inclusion in rural Ethiopia

Nohaila Ibn El Farouk, Business Development Manager at Backbase, a leading provider of digital banking transformation solutions across Africa, shares her insights on Ethiopia’s ongoing financial inclusion journey, especially among rural populations and women. With extensive experience spearheading regional strategies and client acquisition for Backbase’s modular Engagement Banking Platform, Nohaila discusses the key barriers to formal account ownership, the...

Vacancy & Bid

QUESTIONNAIRE FOR THE AUTOMATED EXPRESSION OF INTEREST (EOI) PROCESS FOR THE PROCUREMENT OF PROGRAMME SUPPLIES AND NON-FOOD ITEMS (NFIS) – FOR MANUFACTURERS, DISTRIBUTORS, AND...

BACKGROUND UNICEF IS COMMITTED TO THE TIMELY, COST-EFFECTIVE, AND EFFICIENT PROCUREMENT OF HIGH-QUALITY PROGRAMME SUPPLIES THAT UPHOLD THE RIGHTS AND WELL-BEING OF EVERY CHILD. IN LINE WITH THIS COMMITMENT, UNICEF ETHIOPIA IS SEEKING TO IDENTIFY INTERESTED COMPANIES — INCLUDING MANUFACTURERS, AUTHORIZED DISTRIBUTORS, AND TRADERS — THAT ARE CAPABLE OF SUPPLYING A BROAD RANGE OF ESSENTIAL NON-FOOD ITEMS (NFIS) AND PROGRAMMATIC...

Vacancy & Bid

Invitation For Bid

The IRC-Ethiopia Program has been working in Ethiopia since 1999 and is implementing integrated, community-managed programs aimed at improving the quality of life and recovery of livelihoods for disaster-affected populations through promoting individual participation, strengthening institutions, and enhancing emergency response. IRC Ethiopia Program has been operating in Gambella, Benishangul Gumuz, Tigray, SNNPR, Sidama, Somali, and Oromia regions on refugee assistance...

Vacancy & Bid

TENDER NOTICE FOR SUPPLY OF DIFFERENT RENTAL VEHICLES FOR COOPI’S PROGRAMMES IN ETHIOPIA WITH FRAMEWORK LONG-TERM CONTRACT

Publication Reference: PTN - 035/ 2025 Specific Location: Addis Ababa, Ethiopia 1. Description of the Contract: Supply of rental vehicles for COOPI’s Emergency & Development Programmes with framework long-term contract. 2. Different category of lots based on geographic areas of COOPI’s Programme Implementation Offices. LOT 1: Vehicle supply for...

Vacancy & Bid

PROPERTY PROSPECTING NOTICE –Expatriate Staff Accommodation –

This notice is intended to inform property market participants as well as any other interested economic operators about the property needs of the Delegation of the European Union to Ethiopia (the ‘Delegation’) in Addis Ababa, ETHIOPIA, and to collect information on properties within a defined perimeter. The Delegation is looking for properties located in Addis Ababa to serve as accommodation...

In Pictures

Cycle decorated

August 10, 2025

In Pictures

No comment

August 10, 2025

Arts and Culture

Doc film humanizes the impact of Ethiopia’s China-backed industrialization

Chinese investment in Africa has been accelerating, and with it, questions about who benefits and who bears the cost. Across the continent, Chinese-backed factories are changing the landscape and the lives tethered to it. In Ethiopia, rows of tomato fields that once stretched across Oromia were cleared between 2008 and 2012 to create space for factories within the Chinese-built and...

Arts and Culture

Henock Temesgen: The Bassline of a Nation

Bloomington, Indiana Henock Temesgen is one of the foundational figures in contemporary Ethiopian music—a bassist, educator, and tireless collaborator whose career spans four decades and two continents. Born in Addis Ababa, he began his musical journey in church, was shaped by the Ibex Band's trailblazing instrumental album, and came of age during the ferment of Ethiopia’s late 1970s music scene. At...

Business & Economy

The Politics of Macroeconomic...

Macroeconomic reforms, broad policy measures that shape a nation’s overall economic trajectory, are often presented as neutral, technocratic interventions...

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...

Business & Economy

Economic Genocide: An Invisible...

When we mention the word genocide, we usually envision horrific massacres, ethnic cleansing, or organized annihilation by means of...

Sports

The African Legends Who...

You don’t really forget players like these. They’re the ones who made you sit up and pay attention. The...

Sports

The Legal Side of...

The success of online sportsbooks has not gone unnoticed. However, many people are still not 100% aware of how...

Sports

Casino Table Games Tips...

Online casinos are leveraging technology to bring the glittering and thrilling casino feeling closer to players via smart devices....

Opinion

«Little Boy” and “Fat...

Eighty years have passed since the atomic bombings of the Japanese cities of Hiroshima and Nagasaki, yet this tragedy...

Opinion

China’s Two Tales: Why...

In the investing world, China has long been a source of intense debate, often framed as a region of...

Opinion

China’s Two Tales: Why...

By our staff reporter In the investing world, China has long been a source of intense debate, often framed as...

Society

An Emerging Trend that...

There is a growing trend towards diversification of summer flower varieties within the existing horticultural cluster in Ethiopia The...

Society

Minimum-wage law in Ethiopia...

The question of minimum wage has been hotly debated for decades by economists and politicians alike. Lately, the debate...

Society

Manage Exogenous External Shocks...

High Frequency of External Shocks Derailing Ethiopia’s Progress on Sustainable Development Goals. The velocity and quantum of Volatile, Uncertain, Complex,...

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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