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NBE Governor Blames ‘Bad Practices’ at Banks for Stubborn Forex Rate Disparity
The Governor of the National Bank of Ethiopia (NBE) says mismanagement at commercial banks is fueling the gap between official and parallel forex exchange...
Langley in Addis after Conspicuous Somaliland Trip
General Michael Langley, chief of US military operations in Africa, was in Addis Ababa on Friday for a meeting with Prime Minister Abiy Ahmed...
Ethiopia Ranks Near Bottom on Global Housing Affordability Index
Only Syria and Cuba rank lower than Ethiopia on a recently published global index on income and property prices, highlighting the massive gap between...
Banks Wrestle with Liquidity Crunch, Again
Commercial banks are once again in the throes of a serious liquidity crunch driven by a combination of structural, policy-driven, and macroeconomic factors, industry...
A Life of Perseverance and Learning: From a rural village in Ethiopia to Miami in US
Aster Bato Mohamed was born in Aira, a small village in Wollega in the 40s. She received an education through German missionaries who had...
Postcard Ethiopia: Through A Diplomatic Lens
Beauty, Ritual, and a Hint of Critique In the hushed foyer of the Hyatt Regency hotel in Ethiopia’s capital, one photograph commands attention. Amid a...
MPs Endorse Disaster Fund Bill as Humanitarian Financing Dries Up
Controversial income tax clause scrapped Parliament voted to establish the Ethiopian Disaster Risk Response Fund on Thursday, ratifying a bill that officials hope will help...
Record Federal Spending Bill Makes Its Way to Parliament
Proposed 2 trillion Birr budget represents 12 percent drop in USD terms The Council of Ministers has referred a record two trillion Birr federal...
‘Imagine Spending Twenty Percent of Your Income on Water’
Hydrologist Sounds Alarm over Addis Ababa’s Shrinking Water Supply Addis Ababa is undergoing a rapid and profound transformation. The ongoing corridor project has changed the...
Bloated External Debt, Entrenched Corruption Eroding African Growth: ECA Chief
Sidi Ould Tah succeeds Adesina as AfDB President Mounting external debt and widespread corruption are undermining Africa’s prospects at a time when technologies like Artificial...
