Abebe Gelaw

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.

Ethiopian mining organization exceeds 11.3 billion birr revenue in three months

29 अक्टूबर 2025 Abebe Gelaw

The Ethiopian Mineral Development Corporation announced generating over 11.3 billion birr in total carbon revenue during the first quarter of the 2018 fiscal year. This result exceeded the set target by 8.5 percent and showed a 58 percent growth compared to the same period last year.

Nib International Bank reports 2.9 billion Br loss from forex revaluation

Nib International Bank S.C. announced a 2.9 billion Br loss at its annual shareholders meeting, mainly due to foreign exchange revaluation losses amid Ethiopia's economic reforms. The bank also paid 348.4 million Br in penalties for liquidity issues and payment violations. Despite settling major debts, mismanagement from previous leadership exacerbated the financial strain.

Prosperity party launches high-level officials training

29 अक्टूबर 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.

Eviction order disrupts book vendors near national theatre

More than a dozen bookstores along Gambia Street in Addis Ababa face eviction after a local meeting. These vendors, operating for over 20 years behind the National Theatre, rely on daily book sales for their livelihoods. The sudden order has left the community of booksellers uncertain about their future.