The African Export-Import Bank (Afreximbank) is encouraging Ethiopian businesses and financial institutions to take...

The Common Market for Eastern and Southern Africa (COMESA), Africa’s largest economic community, is...

Experts anticipate limited impact from foreign financial firms as Ethiopia opens its market. During a panel discussion hosted by Zemen Bank on the theme ‘Economic Liberalization and the Future of Banking in Ethiopia,’ experts examined the implications of foreign financial firms entering the Ethiopian market. The consensus indicated that while the market will open to competition, the influence of foreign banks is expected to be minimal. Prominent economist Tewodros Mekonnen emphasized the urgent need for macroeconomic reforms to rectify past policy errors. He explained how government development policies have affected the country’s macroeconomic landscape. Tewodros pointed out that excessive money printing has undermined the economy, stating, “If we are loose with our money—printing and injecting it without control—we intentionally make it cheap.” He asserted that no amount of patriotism could save a currency if economic policies...

In a historic gathering that signals a new era of partnership, senior representatives from...

Beijing, China As Africa faces mounting food security challenges amid rapid population growth, a new...

In Ethiopia, the principle of the rule of law is enshrined in the constitution and legal codes, promising justice,...

In the Horn of Africa, across Ethiopia, Eritrea, Somalia, and Sudan, the region is buffeted by economic shocks, political...

In the 21st century, the word “colonization” often conjures images of a bygone era—European flags planted in African soil,...

In recent weeks, the plight of Ethiopia’s health professionals has moved from the quiet corridors of hospitals to the...

Labour migration is a powerful force shaping economies and societies across the globe, offering both opportunities and complex challenges. In this exclusive interview, Aida Awel, an expert involved with the Better Regional Migration Management (BRMM) programme of the International Labour Organization (ILO), sheds light...

As Ethiopia’s capital market takes its first bold steps, Wegagen Capital stands at the forefront of this financial transformation. In an exclusive interview with Capital’s Eyasu Zekarias, CEO Brutawit Abdi shares insights on the journey of launching Ethiopia’s first licensed investment bank, the challenges...