Tuesday, December 3, 2024
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AGI
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Revisiting AGOA: PACCI Calls...

As the US Senate deliberates the AGOA Renewal and Improvement Act of 2024, extending...

Nyala Insurance reports gross...

Nyala Insurance S.C. (NISCO) has announced a gross profit of Birr 636.4 million for...

Forex market faces new risks following reforms

The recent shift to a market-driven foreign exchange (FX) system in Ethiopia has sparked both opportunities and risks for the banking sector, according to industry experts. While the flow of forex from outside increased following macroeconomic reforms, the anticipated growth in foreign exchange transactions has not materialized as expected. Since July 29, 2024, commodities such as gold and coffee, which were previously traded on the black market, have begun to be processed through banks. However, experts indicate that the development in this area over the past three months has fallen short of expectations. Tewodros Hailu, Director of Awash Bank's Banking Transformation Directorate, commented on the implications of the government's reforms on the financial sector. "Foreign exchange has brought risk to banks," he stated. "We were previously focused on local currency, but now FX exchange has become...

Parliament approves supplemental budget...

The funding for macroeconomic reforms is assisting the government in restructuring financing approved months...

Call for bank loans...

In a recent meeting, stakeholders discussed the need for a proposed bill on urban...
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Goh Betoch Bank announces 22.9 million...

Goh Betoch Bank’s Board of Directors has recommended a dividend distribution of 22.9 million birr to shareholders, allocated in...

Gender Inequality in Africa: Insights from...

The Africa Gender Index (AGI) 2023 report, released during the Africa Gender Statistics Forum, reveals both progress and ongoing...

Resisting the...

The last three decades of market-oriented policies in Ethiopia have led to a society where the relationship between cause...

The rising...

As the global economy continues to recover from the shocks of the COVID-19 pandemic, many African nations are grappling...

A dangerous...

As tensions rise in the Horn of Africa, particularly between Ethiopia and Somalia, the implications for Ethiopia could be...

RELEARNING HISTORY

Seventy years ago, the most devastating war in human history came to an end, at a cost of over...

Driving Change

In a recent interview with Capital’s Groum Abate, Francis Agbonlahor, Managing Director of Inchcape Africa and the Motor & Engineering Company of Ethiopia Limited (MOENCO), shared insights into the company's six-decade legacy in Ethiopia's automotive industry. As a subsidiary of Inchcape PLC, a prominent global player in premium automotive distribution, MOENCO has navigated various challenges, particularly in the face...

Philanthropy Must Catalyze Change,...

Teresa Clarke, Chair, CEO, and Executive Editor of Africa.com, interviewed Paulin Basinga on advancing public health initiatives in Africa. In an era where global narratives about Africa often oscillate between despair and paternalism, Dr Paulin Basinga the newly appointed leader of the Bill & Melinda Gates Foundation in Africa, spoke of a vision of philanthropy that prioritizes dignity and partnership...
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Request For Quotation (...

The International Rescue Committee, hereinafter referred to as “the IRC”, is a non-profit, humanitarian agency that provides relief, rehabilitation, protection, resettlement services, and advocacy for refugees, displaced persons, and victims of oppression and violent conflict. The IRC-Ethiopia Program has been working in Ethiopia since 1999 and is implementing integrated community-managed programs aimed at improving the quality of lives and recovery of livelihoods of disaster-affected populations through promoting individual participation, strengthening institutions, and emergency response. IRC Ethiopia Program has been operating in Gambella, Benishangul Gumuz, Tigray, SNNPR, Sidama, Somali, and Oromia regions on refugee assistance and livelihood since its inception. IRC invites the request for quotation from all eligible and qualified bidders, technically competent, and have valid licenses for the current Ethiopian FY 2016 /2017 /2024. The purpose of this request for quotation is to obtain qualified and competitive suppliers who can provide Consultancy service for Content adoption, Manual development and training facilitation for the International Rescue Committee Ethiopia country program. Please note that the request for quotation is open for National vendors. You may obtain further information from the International Rescue Committee, Sets Building, 5th floor, Jakross to Salite Miheret Road, near Robera Coffee, P.O.Box 107, Code 1110, and Addis Ababa Ethiopia. Tel: 0116 63 83 02, 0116 63 67 35/6/7, Fax No. 0116 62 00 19. The Complete set of the request for quotation documents...

REQUEST FOR PROPOSALS FOR

Hiring of an agency to conduct Situational Analysis for assessing and examining the current state of the selected woreda health system using comprehensive data from diverse sources. LRFP-2024-9194588 Topic- UNICEF (Ethiopia) wishes to request eligible bidders to participate in a Request for Proposal (LRFP) for Hiring of an agency to conduct Situational Analysis for assessing and examining the current state of the selected woreda health system using comprehensive data from diverse sources. 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/674720a10c21196b7f47e4f3 Any query or clarification regarding this bid shall be sent through an email to supplyaddisababa@unicef.org before or on 01 December 2024. While sending your request for clarification, please ensure that you specify the LRFP 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 12 December 2024.  Please read the LRFP for detailed requirements and due dates. Please quote the respective LRFP (request for proposal) numbers with the request for the Hiring of an agency to conduct Situational Analysis for assessing and examining the current state of the selected woreda health system...

Napping

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“Zore Beya Sayew”: Negussie Tefera’s Autobiography Unveiled at National Theatre Hall

On November 30, 2024, Negussie Tefera (PhD) celebrated the inauguration of his 438-page autobiography, "Zore Beya Sayew," at the National Theatre Hall. A passionate reader since childhood, Tefera reflects on his journey from radio to a leadership role in the Prime Minister's Office, detailing his experiences through significant political transitions. With multiple accolades and a rich publishing history, Tefera's...

Merid Tafesse’s book launch co-curated by Rita Marley

The vibrant Wynwood Art District is set to host the launch of Ethiopian artist Prince Merid Tafesse’s latest book, ‘LI’ILIT|PRINCESS: Homage to Mother’, co-curated by renowned artist and philanthropist Rita Marley. The event will take place on Sunday, December 1, and will also be accessible via Zoom. Rita Marley, wife of reggae legend Bob Marley, has long been a champion...
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Delusional Leadership and Its...

Leadership is a critical factor in determining the success or failure of any organization, society, or nation. Effective leadership...

What Key Economic Issues...

In a historic political comeback, the former 45th President Donald Trump reclaim the White House as the 47th President...

Strong Rule of Law...

A strong rule of law is universally regarded as one of the pillars of sustainable economic development. It provides...

Entoto Park CBE Run:...

The Entoto Park CBE Run is set to become a popular monthly event, inviting running enthusiasts to enjoy a...

Mike Tyson, Jake Paul...

The highly anticipated boxing match between former heavyweight champion Mike Tyson and YouTuber-turned-boxer Jake Paul will be remembered for...

50,000 participate in 24th...

The 24th edition of the Great Ethiopian Run International 10-kilometer road race was held Sunday in Addis Ababa, with...

There is great potential...

In early morning, the valley was bathed in sunlight as the sun peeked through the trees, casting a warm...

‘You broke it, you...

As delegates from around the world gathered in Baku, Azerbaijan, for the 2024 United Nations Climate Change Conference (COP29),...

China-Africa: A dynamic relationship

China from the beginning of the 21st century until now has succeeded and climbed to the second place in...

Hibernating Opposition Political Parties

This isn’t by any means an attempt to belittle the sacrifice and commitment of individual members involved in party...

Why does unpleasant news...

The floriculture industry in Ethiopia began in the early 1980s when state-owned farms started producing and exporting flowers to...

China is a development...

Ethiopian Prime Minister Abiy Ahmed on 14th August 2024 launched the construction of the Chinese-contracted "Addis Tomorrow Special Economic...

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...