Tuesday, March 25, 2025
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ESL-Edited

Romania designates Ethiopia as...

By our staff reporterIn a significant move to strengthen bilateral relations, Romania has designated...

Urban food security under...

With the global urban population projected to reach 70% by 2050, experts are raising...

ESL issues ultimatum to banks over service charges

Ethiopian Shipping and Logistics (ESL), one of the nation’s leading foreign exchange earners, has issued a final ultimatum to local banks, demanding a reduction in service charges for foreign currency transactions. In a letter dated February 14, ESL raised significant concerns about the excessive fees imposed by domestic banks for transfers to its account at Citi Bank, warning that these high charges are undermining its operations and competitiveness. The letter, authored by Wondimu Denbu, Deputy CEO for Corporate Services at ESL, stressed that the exorbitant fees are negatively impacting the operations of the state-owned logistics powerhouse.  Additionally, banks are withholding extra amounts as Value-Added Tax (VAT), a new requirement from the government. “The steep service charges will force the company to pass these expenses onto its clients, potentially compromising its competitive edge in the market,” the letter, addressed...

NBE to modernize Treasury...

The National Bank of Ethiopia (NBE) has announced plans to introduce a modernized system...

Research-based land acquisition called...

The Ethiopian Horticultural Producers Exporters Association (EHPEA) has urged the government to adopt a...
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ESL honored for outstanding contributions to...

The Ethiopian Shipping and Logistics has been recognized by the Djibouti Transporters Association for its exceptional contributions and partnership...

EMC unveils digital Id system for...

The Ethiopian Media Council (EMC) has announced plans to introduce a world-class digital identification system for journalists, alongside the...

ALTERNATIVE MONETARY...

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

WHY GOLD?

Wisdom is the outcome of seasoned reflections acquired through wide experience and extensive learning. Proverbs are distilled phrases intended...

BREAD AND...

The above three words were/are used to describe the situation that prevailed during the heydays of the Roman Empire....

The Battle...

On March 1, 1896, the Battle of Adwa marked a pivotal moment in African history, as Ethiopian forces led...

Empowering Africa’s Future

Yohanna Reta is a dynamic leader driving transformative change across education, culture, and global development. As the founder of Golden Stars College and Golden Bridge Training and Consultancy, a higher education investor, and Global Ambassador of the African Heritage Center in Ontario, Canada, she empowers individuals and communities. Her work spans forging international university partnerships, advocating for Pan-Africanism, and championing women's leadership, making her a powerful force for African prosperity. Capital: Why should you think international organizations and investors focus on Africa’s youth and education? Yohanna Reta:-Africa’s greatest asset is its people. It is the hands and minds of our youth that will build the future of our continent. We are blessed with vast untapped land, a favorable climate, and a strategic geographic location that makes Africa an attractive destination for investment. However, to fully harness these advantages, we must prioritize education, skills training, and youth empowerment. With over 60% of Africa’s population under 30, our human capital is the most valuable resource—far greater than minerals or oil in the coming years. By investing in education and creating opportunities, we are not just transforming Africa; we are shaping a globally competitive generation that will drive innovation, entrepreneurship, and sustainable development. For Africa to...

Closing the $4.2 Billion...

Ethiopia's vibrant ecosystem of micro, small, and medium-sized enterprises (MSMEs) is a critical engine for economic growth, yet these businesses often face significant hurdles in accessing the financial services they need to thrive. To address this challenge, a powerful collaboration has emerged between Dashen Bank, Accion, and Mastercard, aiming to revolutionize financial inclusion through innovative, digitally-enabled solutions. Capital spoke with Raliat Sunmonu, Vice President, Africa & the Middle East, Accion Advisory, to delve into the intricacies of this partnership, exploring its goals, strategies, and potential impact on the Ethiopian MSME landscape. Sunmonu sheds light on the specific obstacles faced by small businesses, the transformative role Accion envisions playing, and the innovative use of AI and technology to empower women-owned businesses in particular. This interview offers a glimpse into a promising future where financial services are more accessible, relevant, and impactful for the backbone of Ethiopia's economy. Excerpts; Capital: Can you explain the partnership between Dashen Bank, Accion, and Mastercard? What are the main goals of this collaboration? Raliat Sunmonu: In 2022, Accion renewed its partnership with the Mastercard Center for Inclusive Growth to improve the financial health and livelihoods of small businesses globally, using digitally-enabled solutions. Through the program, Accion works...
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Expression  OF INTEREST (EOI)

Topic- UNICEF (Ethiopia) wishes to request eligible bidders to participate in the Expression of Interests outlined below. Bidders can access the application platforms through the links provided below. Potential applicants already registered in UNPP (UN Partner Portal) will apply through https://www.unpartnerportal.org/ platform, however new applicants not yet registered in UNPP are expected to first register before applying using the same link: https://www.unpartnerportal.org/. After the registration and profile is completed, the applicants can apply using the same link.  Details of the Expression of Interests (EOIs) can be found in the links provided below: 2merkato.com https://tender.2merkato.com/tenders/67d96a9a98371714530785a1                           https://tender.2merkato.com/tenders/67d971bf24958ab87d00da00                           https://tender.2merkato.com/tenders/67d970e63dc63beeef094950                           https://tender.2merkato.com/tenders/67d971bf24958ab87d00da00                           https://tender.2merkato.com/tenders/67d972a8954b77e38a0a8e00                           https://tender.2merkato.com/tenders/67d973487db282d54f046520 Any query or clarification regarding this (EOIs) shall be sent through an email to gaddisu@unicef.org or https://www.unpartnerportal.org the online portal provided above before or on 01 April 2025. While sending your request for clarification, please ensure that you specify the EOI Project Title in the subject of your email, and provide the name of your company, contact person, email, and mobile number. The due date for submission of Concept Notes through the provided portal is on or before 2:00 PM on the 14th of April 2025. Please read the EOIs for detailed requirements and due dates. SUBMISSION REQUIREMENT Submission of EOIs should be done as per the below...

Extension-Bid for Sale of...

United Nations Development Programme (UNDP) Ethiopia would like to sale the following used vehicles on ‘As-is-where is’ bases through competitive bidding. Interested bidders are therefore invited to submit their bids as per the following instructions: Pre-Bid submission Bid Documents can be found on the following link: https://procurement-notices.undp.org/view_notice.cfm?notice_id=98555 Prospective Bidders can inspect the vehicles from 10:00 A.M. to 12:00 P.M. at UNECA compound only on March 25, and 27, 2025. Prospective Bidders who want to inspect the vehicles should send their:Full name phone number. only by e mail sending to ermias.abebe@undp.org   two (2) days before the inspection date. Prospective bidders are required to bring a valid ID or passport to the ECA compound on the designated inspection date and time. Bid Submission (Mandatory and reason for Disqualification)  Document preparation. Bidders can submit their bid for more than one vehicle. Bidders should prepare their document using the bid form and bid price submission form that will be found on the official site indicated on the instruction Article-I – No 1 Bids are not accepted that are handwritten (all documents must be in LaserJet printed) Bidders shall furnish bid security (CPO) from any bank ETB 50,000.00 (ETB Fifty thousand) for each vehicle they participated in. However, they must prepare separate CPOs for the individual vehicle (Example:...
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Joburg Film Festival celebrates storytelling excellence with awards Gala

The seventh edition of the Joburg Film Festival, hosted by MultiChoice, reached its pinnacle with an exciting awards ceremony held at the Sandton Convention Centre. The festival, which has showcased a diverse lineup of local and international films, celebrated the art of storytelling while highlighting the rich spectrum of human experiences. The festival’s prestigious awards recognized outstanding cinematic achievements: Best Short...

Russia-Africa Children’s Art Contest Aims to Strengthen Cross-Continental Bonds

An international children’s drawing contest titled “Russia-Africa: Through the Eyes of Children” began on November 1, 2024, aiming to strengthen cultural and educational ties between Russia and African nations. Organized by the ANO “Center for Business and Cultural Relations with African Countries” in collaboration with Russia’s Ministry of Culture, Ministry of Education, and Ministry of Foreign Affairs, the initiative...
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Killing Business and Collecting...

In many countries, governments rely heavily on taxation as a primary source of revenue to fund public services and...

The Global Economy President...

Since his entry into the political arena, former U.S. President Donald Trump has been a vocal advocate of economic...

The Escalating Trade War...

The trade relationship between the United States and the European Union has long been characterized by cooperation and competition....

WOMEN FIRST 5KM: WHY...

To be a participant in the WOMEN FIRST 5km is an uplifting experience. It gives you the opportunity to...

Why choose 1xbet to...

Arguably the best online betting platform in the country, 1XBet Ethiopia has forged a solid reputation as a reliable...

Swab tests set to...

World Athletics is set to introduce a swab test for elite athletes who wish to compete in the women's...

The Power of Personal...

I’ve had the privilege of writing over 11 insightful articles on branding for The Weekly Capital, covering everything from...

Bridging Borders, Boosting Business:...

By Nonkqubela Jordan-Dyani and Paulin Basinga Imagine a world where every citizen can access government services with ease, small businesses...

Why Russia-US talks are...

The shift in relations between Russia and the US may open a door for a more balanced multipolar system Africa...

Official Development Assistance Less...

The 69th UN Commission on the Status of Women (UNCSW) convenes in New York from March 10 to 21,...

The Hospitality Culture of...

I've had the privilege of penning over 11 insightful articles on branding for The Weekly Capital, covering topics like...

The Grand Ethiopian Renaissance...

GERD stands as one of the most advanced hydropower projects of the 21st century, designed and constructed with the...

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...