Saturday, April 26, 2025
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Capital News

“The language turned out...

Alabuga Start international program is becoming increasingly popular among young people in our country....
Capital News

Kerchanshe Group has partnered...

This historic partnership brings world-class innovation, state-of-the-art design and cutting-edge performance directly to Ethiopian...
News

Bankers criticize lack of transparency in NBE’s Forex auctions

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Bankers are expressing frustration over the lack of transparency in the foreign exchange (forex) auctions regularly conducted by the National Bank of Ethiopia (NBE). They argue that the procedures and results of these auctions are not clearly disclosed, leaving them uninformed. “We were only informed verbally that our bid was unsuccessful and were instructed to collect the funds we offered to buy forex,” an anonymous banker told Capital. An international banking and development (IBD) expert at a private bank explained that while his bank submits its bid rate via email, as directed by the NBE, the bidding process itself remains unclear. “We have no information about how the bidding works,” he complained. “We do not even know who opens our emails or whether our bid details are shared with others.” Another banker shared that his bank was disqualified because its...
Capital News

China Reaffirms Commitment to...

By Eysau Zekarias China has reiterated its commitment to supporting Africa’s development, highlighting a broad...
Capital News

High court dismisses AG’s...

In a landmark ruling, the Federal High Court Lideta Criminal Bench has dismissed the...
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Capital News

Insurance sector set for transformation as...

The National Bank of Ethiopia (NBE) has unveiled a sweeping new directive aimed at overhauling corporate governance across the...
Capital News

Forensic investigation raises questions over signature...

A forensic document analysis has cast doubt on the authenticity of a key signature in a high-stakes ownership dispute...
Editorial

Ethiopia’s moral...

Ethiopia, a nation renowned for its rich history, cultural heritage, and resilience, is grappling with a profound moral crisis...
Editorial

AfCFTA: A...

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

Resisting the...

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

Africa’s rising...

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

From medicine to entrepreneurship,...

In this exclusive interview, Kanessa Muluneh, a dynamic entrepreneur with Ethiopian roots, shares her inspiring journey from studying medicine in the Netherlands to building thriving businesses across continents. As the founder of MULU Africa, a fashion brand with a presence in seven countries, Kanessa is also venturing into the gaming industry with a groundbreaking video game based on the history of Adwa. Her entrepreneurial spirit and innovative approach have made her a trailblazer in industries as diverse as fashion, technology, and healthcare. Kanessa opens up about her challenges, triumphs, and vision for the future, offering valuable insights into entrepreneurship, self-expression, and navigating the complexities of global business. With plans to establish a factory in Ethiopia to create opportunities and expand her ventures further, Kanessa’s story is one of resilience, creativity, and determination. Join us as we delve into her journey, exploring how she overcame obstacles, embraced bold ideas, and continues to inspire aspiring entrepreneurs across Africa and beyond. Capital: What challenges did you face when starting your first business, and how...
Interview

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,...
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REQUEST FOR PROPOSALS FOR

Vacancy & Bid
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...

Vacancy & Bid
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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Arts and Culture

Muzikawi Announces Re-Release of Ibex Band’s Iconic Album “Stereo Instrumental Music” 

Muzikawi has officially announced the highly anticipated re-release of *Stereo Instrumental Music*, the groundbreaking 1976 album by Ethiopia’s legendary Ibex Band. This milestone record, which has shaped the course of modern Ethiopian music, will be available worldwide on all major streaming platforms starting today, April 11, 2025. Originally recorded using cutting-edge four-track technology, *Stereo Instrumental Music* remains a landmark in...
Arts and Culture

“The Human Touch” by Sukaiyna Gokal Offers Guide to Self-Reflection and Personal Transformation

In an era marked by rapid technological advancements and growing social divisions, Sukaiyna Gokal's new book, "The Human Touch," offers a timely guide to rediscovering inner peace and fostering deeper human connections. Set to launch on April 9th, 2025, this transformative work empowers readers to uncover answers within themselves through a blend of gentle self-inquiry and deep contemplation. "The Human...
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Business & Economy

City Beautification and Energy...

City beautification is more than just a superficial endeavor; it is a powerful tool that influences social cohesion, economic...
Business & Economy

Tourism Boom Amid Turmoil:...

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

Ethiopia and Regional Economic...

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

Mastercard brings UEFA Champions League to...

By our staff reporter Mastercard is bringing Africa closer to the UEFA Champions League like never before with the launch...
Sports

The History of Gambling...

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

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...
Opinion

The Role of Multilateralism...

As the European Union and the African Union mark 25 years of partnership, we are reminded that the future...
Opinion

Addressing charging challenges for...

The Ethiopian government intends to improve the country’s electric vehicle (EV) charging infrastructure with plans to install new charging...
Opinion

The Impact of Mergers...

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

Lessons Trump could learn...

Trying to salvage and empower an empire in decline, only to end up hastening its demise – we’ve seen...
Society

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...
Society

Bridging the Gap: How...

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