Abebe Gelaw

Lusivochu released in Tanzania

Lusivochu has been released in Tanzania. This event was reported by Fana Media Corporation.

Gabriel Magesh sought for using expired drugs

October 29, 2025 Abebe Gelaw

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

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.

Nib International Bank reports 2.9 billion Br loss from forex revaluation

October 25, 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.

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.