Ethiopia

Fana Lamrot's 21st edition launches with new stars

26. lokakuuta 2025 Abebe Gelaw

The 21st edition of Fana Lamrot music competition will begin next week featuring new emerging stars. More than 700 pre-qualifiers led to the selection of 16 top contestants.

Deadline issued for civil societies to register assets

27. lokakuuta 2025 Abebe Gelaw

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.

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.

Gold prices ease after recent surge in Ethiopia

Gold prices in Ethiopia have begun to decline following a sharp surge over recent weeks. Traders report that the metal's value doubled typical fluctuations due to export patterns from Arab countries. Current market data from the National Bank of Ethiopia indicates stabilization, though observers warn of ongoing risks.