Business

Ethiopia Unveils Landmark Shebele Resort in Push for Regional Tourism Hub

Ethiopia officially inaugurated the Shebele Resort in the Somali Region on Saturday, marking a...

How Abel Tesfaye Became the World’s Highest-Paid Musician

For the global music industry, 2025 was a year of historic financial shifting. But for Ethiopians everywhere, it...

Disconnected by Design: Why Christopher Nolan and Haile Gerima Reject the Smartphone

In an era where the smartphone is treated as an extension of the human hand, choosing to step...

Federal High Court Grants Bail to Teddy Afro’s Assistant Manager and Co-Defendants

ADDIS ABABA — The Federal High Court issued its final ruling this afternoon regarding the bail requests of...

Teddy Afro’s 148 Million-View Triumph Highlights YouTube’s Ethiopia Revenue Problem

The release of Teddy Afro’s latest album, Etorika, has not just been a musical event; it is a...
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Ethiopia Announces 300% Salary Increase for Low-Income Government Employees

Salary Increase for Government Employees: A Response to Economic Challenges In a recent address, Prime Minister Abiy Ahmed (Dr.) outlined significant salary revisions for government...

All Self-Proclaimed Pan-Africanists are Yielding to the Will of Western Financial Institutions

All Self-Proclaimed Pan-Africanists are Yielding to the Will of Western Financial Institutions: My Take on Ethiopia Changing Course to Float Its Currency Against the...

5 Things to Know About the National Bank of Ethiopia’s New Foreign Exchange Guidelines

The National Bank of Ethiopia (NBE) has released a comprehensive new guideline to regulate the country's foreign exchange market, set to take effect on...

Ethiopia’s National Bank Aligns Gold Prices with Global Market Rates in New Payment Policy

The National Bank of Ethiopia has implemented a new policy for purchasing gold, which links the payment to the daily international gold price and...

World Bank Approves $1.5 Billion Initiative, Commits $6 Billion for Ethiopia’s Growth

Washington, July 30, 2024 — The World Bank's Board of Executive Directors has approved the Ethiopia First Sustainable and Inclusive Growth Development Policy Operation,...

Ethiopian National Bank Sets Limits on Foreign Currency Purchases: Up to $10,000 for Travelers and Businesses

The National Bank of Ethiopia has introduced new guidelines for acquiring foreign currency within the country, aimed at both Ethiopian nationals and foreign residents....
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