Ethiopia

Breaking the speculative spell in Addis Ababa's housing market

Owning a home in Addis Ababa imposes heavy burdens due to high bank loans and market pressures. Buyers commit to 20-year mortgages with 85,000 Birr monthly payments, while similar homes rent for just 15,000 or 20,000 Birr. This systemic issue could be alleviated by the emergence of a formal capital market.

Gabriel Magesh sought for using expired drugs

29 de octubre de 2025 Abebe Gelaw

Gabriel Magesh is being sought in Ethiopia for using expired drugs. This news was reported by Fana Media Corporation.

Deadline issued for civil societies to register assets

The authority overseeing civil society organizations has issued a stern warning to 100 institutions in the civil society sector to register their property. Of these, 70 are foreign organizations. The deadline for registration is up to Hidar 13, 2018 E.C.

Contest for sea access intensifies in the Horn of Africa

Ethiopia's January 2024 memorandum with Somaliland has ignited a geopolitical contest in the Horn of Africa over sea access. The deal aims to reduce Ethiopia's dependence on Djibouti but is viewed by Somalia as a violation of its sovereignty. The dispute has drawn in Turkey, Gulf states, and global powers, escalating regional tensions.

Prosperity party launches high-level officials training

29 de octubre de 2025 Abebe Gelaw

The Prosperity Party has begun its annual high-level officials training in Addis Ababa. The training will run for 10 days, focusing on the guiding vision of the mother government and agricultural productivity. Over 2000 officials are participating.