Ethiopia

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.

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.

Ethiopian football federation holds general assembly

28. oktober 2025 Abebe Gelaw

The Ethiopian Football Federation is holding its 17th general assembly in Addis Ababa. Discussions on the 2017 plan implementation report are underway, with the federation reporting total revenue exceeding 357 million Birr in the budget year.

Nib International Bank reports 2.9 billion Br loss from forex revaluation

25. oktober 2025 Abebe Gelaw

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.

UNDP Ethiopia announces procurement for consultancy and calibration instruments

The United Nations Development Programme (UNDP) in Ethiopia has issued two procurement notices for specialized services and equipment. These include an invitation to bid for calibration instruments and recruitment of a firm-level consultant for municipal governance in Hawassa City. Submission deadlines are set for early November 2025.