Devastating Drone Strikes in North Gojam: Over 100 Civilians Killed, Eyewitnesses Say

Gerchich (Mehal Genat), a city in the South Mecha district of Ethiopia’s North Gojam Zone, has become a focal point of intense conflict and devastation since early October 2024. Eyewitnesses and residents, speaking with the BBC, have reported that a series of drone strikes allegedly carried out by government forces have resulted in the deaths

Zemen Bank Achieves Record 3.77 Billion Birr Profit Amid Economic Challenges

Zemen Bank has reported a significant profit of 3.77 billion birr for the 2023 fiscal year, marking a milestone achievement in its 16th Annual General Meeting. The bank’s president, Dereje Zebene, highlighted the performance, emphasizing the bank’s growth amidst a challenging economic environment. The profit per share for shareholders stood at an impressive 37.6%, reflecting

Cameroonian Prof. Kelly Kingly Succeeds Ethiopian Dr. Yohannes Biru  as  ATIDI’s  New Board Chairman

·       At its recently concluded Board Meeting, Professor Kelly Mua Kingsley was elected as the new Chair of the Board and Ms. Christina Westholm- Schröder was elected as the new Vice Chair of the Board. ·       ATIDI was recently upgraded by Moody’s from A3/Positive to A2/Stable – while S&P affirmed its A/Stable rating, reflecting the organization’s strong

Navigating Dubai’s Real Estate Market: Insights from Ethiopian Property Consultant Samrawit A. Kassaye

As an Ethiopian who has successfully transitioned into Dubai’s highly competitive real estate industry, Samrawit A. Kassaye offers a unique perspective on navigating this dynamic market. With a passion for real estate sparked at a young age, Samrawit’s career journey is an inspiring tale of perseverance, strategic thinking, and deep industry knowledge. Her insights into

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Hanna Arayaselassie Appointed Minister of Justice as Husband Gedion Timotheos Takes Over Foreign Affairs

Prime Minister Abiy Ahmed Announces Key Cabinet Appointments The Prime Minister’s Office has announced significant changes in Ethiopia’s cabinet, appointing Dr. Gedion Timotheos as the new Minister of Foreign Affairs, Hanna Arayaselassie as the Minister of Justice, and Selamawit Kassa as the Minister of Tourism. Dr. Gedion Timotheos: Minister of Foreign Affairs Dr. Gedion Timotheos

More Than Politics: The Power of Representation. 

Megdelawit Getahun  Let’s get this out of the way right from the start, If you’re looking for a political analysis of Sahle-Work Zewde’s tenure as Ethiopia’s first female president, you’re in the wrong place. I’m not here to dissect the ins and outs of her presidency or critique her actions. Honestly, I’m not usually the

Ethio Telecom’s Share Offering Explained: What Every Investor Should Know

By-Brook Beyene Ethio Telecom, Ethiopia’s dominant telecom provider, is in the process of partial privatization. The company is offering 100 million ordinary shares at ETB 300 per share, with the total offering amounting to ETB 30 billion. This marks an important milestone in the country’s economic reforms, as the state-owned enterprise opens up for public

Don’t Confuse Ethio Telecom with GERD Bonds: The Investment You Need to Understand

By- Tsegamlak Solomon Ethio Telecom is Not GERD: Your Money is Not a Matter of Patriotism! Misguided Patriotism in the Ethio Telecom IPO Following the announcement of the Ethio Telecom IPO, several media outlets, particularly government-affiliated ones, have been framing the sale of shares as a matter of national pride and patriotism. While such enthusiasm

Venture Meda Program Unveils Expert-Led Online Learning Bot to Empower Entrepreneurs, Marketplaces, and Gig Workers

 Addis Ababa, 17/10/2024  Venture Meda Program is proud to announce the official launch of the Venture Meda Learning Bot, a new Learning Management System (LMS) and e-learning platform. This is an iceaddis initiative a partnership between Iceaddis, the Ministry of Innovation and Technology, and the Mastercard Foundation, aimed at boosting the digital economy by aiding