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Ethiopian Customs Commission Streamlines...

The Ethiopian Customs Commission (ECC) has announced a significant policy change aimed at expediting...

Bunna Bank Reports Significant...

Bunna Bank has announced a remarkable milestone, with its total assets surpassing 54.53 billion...

Partners call for further electric tariff revisions following significant price increases

Partners are expecting additional revisions to address currency rate fluctuations, despite the government's significant move to implement the long-awaited electric tariff adjustment in June of last year, Capital learnt. On June 20, 2024, the Council of Ministers (CoM) approved an adjustment to the power rate during its 36th regular meeting, which took effect on September 11, coinciding with the Ethiopian New Year. This tariff change is part of a four-year plan designed to boost revenue and cover increasing infrastructure costs. The aim of the reform, which has been delayed for two years for various reasons, is to address the growing operating and infrastructure expenses of Ethiopian Electric Power (EEP) and Ethiopian Electric Utility (EEU). Under the new pricing structure, customers using up to 200 kWh of electricity will receive subsidies from EEU, which manages retail power supply. However,...

Zahara Mohammed Elected as...

In a significant development for the Addis Ababa Chamber of Commerce and Sectoral Associations...

IMF completes second review...

The International Monetary Fund (IMF) Executive Board has completed the second review of Ethiopia's...
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Hong Kong Takes Action to Combat...

The organization Voice for Prisoners is intensifying efforts to combat drug trafficking from Ethiopia, focusing on protecting individuals who...

Ethio Re reports 29% surge in...

Ethiopian Reinsurance (Ethio Re), the only indemnity organization in the insurance sector, reported a 29% increase in reinsurance income...

The systemic...

In recent years, the world has witnessed a troubling trend: the normalization of systemic cheating as a core principle...

Rethinking Economics:...

In contemporary discussions about economics, the dominant narrative is often shaped by neoliberal ideology, which emphasizes individualism and self-interest...

Rethinking linear...

In an age defined by rapid change and complex challenges, it seems that humanity has increasingly fallen into the...

CRIME EVERYWHERE

In late modernity widespread crimes have become one of the major preoccupations of nation states. To be sure, states...

Addressing maternal and child...

In an exclusive interview, we sit down with Dr. Mekonnen Negash, MD, DIHTM, a leading expert in maternal and child health in Ethiopia. With over 15 years of experience in the field, Dr. Mekonnen has been at the forefront of efforts to improve healthcare access and outcomes for mothers and children across the nation. As a passionate advocate for surgical services, he has dedicated his career to addressing the...

Ethiopia’s coffee and drug...

Coffee is one of the most important agricultural commodities globally and serves as the backbone of Ethiopia's economy. In addition to the farmers, there is also a lot of illegal coffee trading that is testing the traders who are engaged in the market. This requires an urgent solution and can lead to price instability and limited market access, so all stakeholders should be supported. In an interview with Capital, Cheru...
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Request for Proposal

Development of Rules of Procedure for Administrative Proceedings and Ethiopian Capital Market Guidebook for the Ethiopian Capital Market Administrative Tribunal 1.   Introduction The Ethiopian Capital Market Administrative Tribunal (the "Tribunal") has been established in line with the Ethiopian Capital Market Proclamation No. 1248/2021 (the "Proclamation"). The Tribunal serves as a specialized body to adjudicate disputes arising under the Proclamation and related regulations. Its establishment is a significant milestone in fostering a robust and credible capital market in Ethiopia. By providing efficient, transparent, and fair resolutions to capital market-related disputes, the Tribunal aims to enhance investor confidence and uphold the integrity of the Ethiopian capital market. To effectively operationalize its mandate, FSD Ethiopia supports the Tribunal in the following key areas: •      The development of Rules of procedure for administrative proceedings to establish a clear, consistent, and transparent framework for handling cases. •      The creation of an Ethiopian capital market guidebook for judges and lawyers, which will enhance understanding of the capital market ecosystem and its legal and regulatory underpinnings. 2.   Project Background 2.1. About the Ethiopian Capital Market Administrative Tribunal Ethiopian Capital Markets Administrative Tribunal serves a pivotal role in the financial regulatory framework, with its primary objectives being to maintain integrity and fairness in the capital market development. It operates as an independent adjudicative body, tasked with the responsibility of hearing and deciding cases related to capital market conduct. Its mission is to ensure that proceedings are conducted justly, expeditiously, transparently, and cost- effectively, thereby upholding...

Tender Notice

Date: 24 January, 2025 The Office of the United Nations High Commissioner for Refugees (UNHCR), Representation Office in Ethiopia, Addis Ababa, invites qualified and registered Contractors / Suppliers to participate in the following tender:   SN  TENDER SUBJECT  CLOSING DATE1REQUEST FOR PROPOSAL (RFP): GENERAL MAINTENANCE OF BUILDINGS AT SUB-OFFICE ASSOSA AND UNHCR ASSOSA GUESTHOUSE IN THE BENISHANGUL-GUMUZ REGIONAL STATE, ETHIOPIA. – TENDER REF: RFP 1004  8 February 2025 23:59hrs All the above tender documents can be requested for by sending an email to: ETHAOSUP@unhcr.org specifying the tender reference number in the subject.  Working hours: Monday to Thursday from 08:30-13:00 and 14:00-17:30, Friday from 08:30-14:00. Optionally, all the above- mentioned tender documents can be downloaded from the UNGM website:  https://www.ungm.org (search for the documents using the tender reference number). Submission of bids for the above RFP shall only be done through the UNHCR Cloud ERP platform. SUPPLY MANAGEMENT SERVICES, UNHCR ADDIS ABABA, ETHIOPIA

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Mahmoud Ahmed’s Farewell Concert: A Disappointing Tribute to a Legend

The farewell concert for legendary Ethiopian singer Mahmoud Ahmed, held on January 11, 2025, at Millennium Hall, aimed to celebrate his illustrious 60-year career. Unfortunately, the event fell short of the heartfelt tribute fans had anticipated, leaving many attendees feeling disillusioned and dissatisfied due to poor organization and a lack of respect for the artist's legacy. Despite the attendance of...

Hub of Africa Addis Fashion Week set to showcase African Creativity and Innovation

The highly anticipated Hub of Africa Fashion Week (HAFW) is returning for its 14th edition, scheduled to take place from January 22nd to 26th, 2025. This year's event promises to be a vibrant celebration of African fashion, featuring an exciting lineup of runway shows, exhibitions, panel discussions, and innovative experiences that highlight the continent's rich cultural heritage and contemporary...
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Sharing Daily Meals While...

Throughout history, leaders have often positioned themselves as saviors of the poor to garner public admiration and consolidate power....

Tourism, Peace, and Security:...

Tourism, as one of the world's largest and most dynamic industries, plays a significant role in fostering economic growth,...

Making Business Difficult While...

Running a business is a challenging endeavour, requiring resilience, innovation, and meticulous financial management. However, in many countries, businesses...

It’s Time to Try...

If you’ve been sticking to pre-match betting for a while, then it’s time to take things to the next...

Selection of an Online...

After picking a broker and registering on the website, the novice trader goes to the next stage. Now, there...

Live Betting on Cricket...

Cricket has become increasingly popular in Ethiopia, drawing a growing community of fans who participate in live betting during...

Chinese FM’s New Year...

A Lasting Tradition for an Enduring Friendship By Yi Xin As we enter 2025, China’s diplomacy once again starts with a...

Can Trump Dump the...

US President-elect Donald Trump's incoming administration will likely seek to weaken the greenback's exchange rate. But whether doing so...

Growth in Sub-Saharan Africa...

Stagnating incomes in sub-Saharan Africa’s resource-intensive economies necessitate more effective fiscal management and broad-based structural reforms Sub-Saharan Africa is home...

Confiscating Asset Incommensurate with...

Allowing for the nuances of submitting an asylum application with political implications, one cannot help but sympathize with the...

Ethiopian Christmas: Harmony and...

A new generation called Janderebaw embraces faith and tradition to promote peace in conflict times. Ethiopian Christmas exemplifies the...

Resurrecting African Ancestral Memory

People of Africa ancestry unlike the majority of their counterparts from Europe, China, India, Japan and the rest of...

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...

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...