Sunday, October 11, 2026

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Developing economies face sharper slowdown as growth slips to 4% in 2026

United Nations Trade and Development (UNCTAD) has warned of a sharper slowdown in the global economy in its Trade and Development Report 2026. Global...

Guterres calls for immediate halt to hostilities, warns against regional escalation

UN Secretary-General António Guterres expressed that he is “gravely concerned” by the sudden outbreak of intense military clashes across northern Ethiopia, warning that foreign...

Oromia Bank reports 49% profit surge to 3.82 billion Birr amid industry liquidity constraints

Oromia Bank posted a 49% surge in pre-tax profit to 3.82 billion Birr for the 2025/2026 fiscal year, weathering severe liquidity pressures that have...

FX volatility, capital pressures mount for enterprises following reforms

Import-dependent enterprises in Ethiopia are facing mounting working-capital pressures and price uncertainty following sweeping macroeconomic and foreign-exchange reforms aimed at transitioning the country toward...

Engineers call for AI, BIM adoption to address skill gaps

Engineering leaders have called for the rapid adoption of Building Information Modelling (BIM), artificial intelligence and advanced geospatial systems to address skills shortages, improve...

A cabinet must deliver, not merely govern

Ethiopia’s newly formed federal government arrives at a moment when public expectations are unusually high. The country has enormous potential: a young population, vast...

Effective Altruism and the Global Economy: Can Wealth Do More Good?

The global economy has a strange contradiction at its heart. Humanity is wealthier and more technologically advanced than at almost any point in history,...

Ethiopia showcases fashion heritage at BRICS+ Summit in Moscow

Ethiopia’s fashion industry was represented at the fourth BRICS+ Fashion Summit, held in Moscow from September 28 to 30 as part of Moscow Fashion...

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