Friday, April 18, 2025
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ESL-Edited

Nahom Gebremichael: Personal growth...

Nahom Gebremichael’s tenure at a Chinese-invested company Huajian has been transformative not just for...

Awash Insurance celebrates customers’...

Awash Insurance, one of Ethiopia’s leading private insurance companies, has announced special benefits for...

ESL, banks seek resolution over service fees

Financial institutions have raised concerns regarding Ethiopian Shipping and Logistics (ESL)'s recent warning, which they believe unfairly categorizes all partner banks together. They have requested negotiations to find an amicable resolution. ESL, the state-owned logistics giant, acknowledged that while many banks have accepted its proposed fee structure, it remains open to discussions with those seeking further dialogue. This issue was reportedly addressed in a meeting of the Bankers Association. On February 14, ESL sent a letter to 24 domestic banks expressing concerns over excessive transfer fees charged for transactions to its Citibank account. The company warned that these high fees were negatively impacting its operations and market competitiveness. The letter, signed by Wondimu Denbu, Deputy CEO for Corporate Services at ESL, stated that steep service charges would compel the company to pass costs onto clients, potentially undermining...

Birr depreciation highlights challenges...

Ethiopia's transition to a floating exchange rate regime in July 2024 marked a significant...

IMF concludes final quarterly...

The International Monetary Fund (IMF) team recently conducted its final quarterly review under Ethiopia’s...
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Global trade crisis as ICC calls...

The global trade system is facing unprecedented challenges as the United States implements sweeping tariff hikes, disrupting international commerce....

Media Council, Media Authority clash over...

A dispute has emerged between the Ethiopian Media Council (EMC) and the Ethiopian Media Authority (EMA) over the registration...

AfCFTA: A...

As the global trade landscape becomes increasingly transactional, with rising protectionism and the imposition of new tariffs by Western...

Resisting the...

Over the past four decades, Ethiopia has witnessed a profound transformation in its economic landscape, driven by market-oriented policies....

Africa’s rising...

The rising debt burden in Africa, particularly among its Least Developed Countries (LDCs), has become one of the most...

ALTERNATIVE MONETARY...

That the current global monetary system is inherently deficient and needs a complete overhauling is no more in doubt,...

Exploring Sustainable Food Systems

As urbanization accelerates globally, food systems face mounting challenges in ensuring healthy, sustainable, and affordable diets for growing city populations. In Ethiopia, where urban areas like Addis Ababa are expanding rapidly, addressing these challenges has become a critical priority. Professor Charles Spillane, a seasoned expert in agri-food research from the University of Galway in Ireland, sheds light on the EcoFoodSystems project—a groundbreaking initiative funded by the European Union and the International Fund for Agricultural Development (IFAD).  In an exclusive interview with Capital, Professor Spillane discusses how the EcoFoodSystems project aims to transform urban food systems in Addis Ababa and Hanoi, Vietnam, through research-driven solutions that integrate nutrition, sustainability, and affordability. He highlights the importance of collaborative efforts between stakeholders, including government bodies, NGOs, and private sector actors, to achieve impactful changes in food systems.  From tackling malnutrition and obesity to addressing climate resilience and environmental footprints, the EcoFoodSystems project is poised to provide actionable insights and tools for policymakers and practitioners alike. This conversation delves into the project's objectives, expected outcomes,...

A conversation with ousted...

In this exclusive interview, recently-ousted Tigray Interim President Getachew Reda discusses the events that led to his removal, the internal power struggles within the TPLF, and his beliefs about the future of Tigray, Ethiopia and the region. Tigray is a mountainous region in northern Ethiopia, holding deep historical, cultural, economic and geopolitical significance. The 'birthplace of the ancient Aksumite civilization,' according to National Geographic, this region is home to archaeological wonders like the towering obelisks of Aksum and the Church of St. Mary of Zion—reputedly the resting place of the Ark of the Covenant. Just northeast lies Adwa, the historic battlefield where Ethiopia’s forces triumphed over Italian colonial troops in 1896. As the northernmost regional state in Ethiopia, the area is highly strategic,  bordering both Eritrea and Sudan, making it a key player in the Horn of Africa’s complex geopolitical landscape. The region is also a potential economic powerhouse thanks to its mineral wealth. Omna Tigray, a global advocacy group, reports that Tigray once supplied up to 2,600 kg of gold annually to Ethiopia’s...
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REQUEST FOR PROPOSALS FOR

SUPERSTRUCTURE WORKS OF DEBARK ONE STOP CENTER IN AMHARA LRPS-2025-9196718 Topic- UNICEF (Ethiopia) wishes to request eligible bidders to participate in a Request for Proposal (LRPS) for the SUPERSTRUCTURE WORKS OF DEBARK ONE STOP CENTER IN AMHARA Details of this bid's requirements and eligibility criteria can be found in the bid document. Interested and eligible bidders can get the bid document with the below links; 2merkato.com – https://tender.2merkato.com/tenders/67f61d83a653765aae0564a1 Any query or clarification regarding this bid shall be sent through an email to supplyaddisababa@unicef.org before or on 25 April 2025. There will be a pre-bid meeting on 23 April 2025 @ 2:00 PM. Bid clarification will be communicated on the same website at 2merkato.com to the public.  While sending your request for clarification, please ensure that you specify the LRPS number in the subject email, and provide the name of your company, contact person, email, and mobile number. The due date for submission of proposals/Bids to the UNICEF Addis Ababa Office is on or before 2:00 PM (East African Time) on 01 May 2025.  Please read the LRPS for detailed requirements and due dates. Please quote the respective LRPS (request for quotation) numbers with the request for the SUPERSTRUCTURE WORKS OF DEBARK ONE STOP CENTER IN AMHARA Submission of bids...

request for expression of...

This notice is placed on behalf of UNECA. You are therefore requested to direct all your queries to United Nations Economic Commission for Africa using the e-mail address provided below.Title of the EOI:    Request for Procurement of WhatsUp Gold Network Availability and Performance Monitoring Tool Date of this EOI:11 April 2025Closing Date for Receipt of EOI:21 April 2025    EOI Number: EOIUNECA23573E-mail address:welela.berihu@un.org; assaad@un.org   Address EOI response by fax for the Attention of:Mrs. Welela Berihu / Mr. Ali Assaad  Fax Number:N/A    UNSPSC Code: 43233000 - Operating environment software  DESCRIPTION OF REQUIREMENTS REQUEST FOR EXPRESSION OF INTEREST The United Nation Economic Commission for Africa (UNECA) is seeking Expression of Interest (EOI) to procure a WhatsUP Gold Network Availability and Performance Monitoring Tool that provides complete visibility into the status and performance of applications, network devices and servers in the cloud or on- premises. The required specification for this tool is functionality and simplicity, giving us full insight of our infrastructure operation while consuming minimum resources. WhatsUp Gold achieves this with its offering of comprehensive features yet straightforward UI for ease of use. The bidding firm must be an authorized reseller with after sales support The tool must offer perpetual license options for 500 new devices. Please note that the UNECA is precluded from...
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International Jazz Day festival celebrates Ethio-Jazz legend Teferi Assefa 

The International Jazz Day Festival held on April 6, 2025, in the picturesque garden of the Belgian Embassy was a resounding celebration of Ethiopian jazz and its cultural legacy. The event, which brought together the finest Ethio-jazz artists for electrifying performances, paid tribute to Teferi Assefa, Ethiopia's drumming legend, whose profound contributions have left an indelible mark on the...

Addis’ art scene accelerates with unprecedented hotel collaboration 

In a groundbreaking move, two of Addis Ababa's most iconic hotels, the Sheraton Addis and the Hilton, have joined forces with the Culture Club to celebrate and promote the city's vibrant art scene. This unique partnership will culminate in two major art exhibitions this April, with all proceeds going directly to the artists and local charities. The first event, "The...
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Tourism Boom Amid Turmoil:...

In an era where safety is often the first consideration for global travellers, a curious paradox has emerged: tourism...

Ethiopia and Regional Economic...

Regional economic integration (REI) is the process by which neighboring countries come together to form economic alliances that enhance...

Excessive Taxation and Rising...

The cost of living has been steadily rising across the globe, creating financial hardships for individuals and families. At...

The History of Gambling...

 The History of Gambling and the Evolution of Casinos Gambling has captured human interest for thousands of years. From rolling...

Africa’s youth culture is...

Africa’s skating culture is experiencing an explosive rise, evolving from a niche subculture into a global force. With South...

2025 Women’s African Volleyball...

The stage is set for the 2025 Women’s African Volleyball Club Championship, with top clubs from across the continent...

The Impact of Mergers...

In my previous articles for The Weekly Capital, I've explored various branding and business topics, including 'The Misconceptions About...

Boosting Ethiopia’s Financial Market:...

By Dr Yemi Kale (Group Chief Economist, Managing Director, Research, Afreximbank) With contributions from: Mr. Cyril Bitanda (Head of Trade...

Strengthening Health Systems in...

Africa has made significant progress in healthcare over the past decades, improving immunization coverage, reducing maternal and child mortality,...

Ethiopian Floriculture Industry trapped...

Following President Donald Trump's recent tariff decision, U.S. customs agents began collecting tariffs on all imported goods from various...

Bridging the Gap: How...

Cervical cancer remains one of the most pressing public health challenges in Ethiopia. Each year, around 7,095 women are...

Ethiopia’s Diplomatic Odyssey in...

Ethiopia is currently undergoing a transformative period that positions it as a key player in the Horn of Africa,...

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...