Abebe Gelaw

Prosperity party launches high-level officials training

29 oktober 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.

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.

Save the Children invites tenders for security guard outsourcing in Addis Ababa

Save the Children International in Ethiopia has invited tenders for outsourcing security guard services at its Addis Ababa offices and warehouses, effective from January 2026. The three-year framework agreement may extend based on performance and mutual consent. Eligible companies can acquire tender documents from October 28 to November 14, 2025.

Gold prices ease after recent surge in Ethiopia

24 oktober 2025 Abebe Gelaw

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.

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.