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Sileshi Bekele, an official who was leading the negotiation of the Grand Ethiopian Renaissance Dam (GERD), has been appointed as a Chief Negotiator and Advisor on Transboundary Rivers and GERD. A creator of the famous adage “It is my dam,” Sileshi has been serving as a Minister of Water, Irrigation and Energy for almost three […]

Prime Minister Abiy Ahmed formed a new cabinet, appointing 22 ministers to lead the executive branch of his administration. Three of the cabinet members are from opposition parties. Berhanu Nega, the leader of the opposition Ethiopian Citizens for Social Justice (EZEMA), has been appointed as a Minister of Education. Belete Molla, President of National Movement

The National Bank of Ethiopia lifts the loan freezing imposed on borrowers for entities and individuals acquiring a foreclosed properties. The lifting will allow buyers of foreclosed properties from commercial banks get an access to loans. The restriction has been also lifted for borrowers processing mortgage loans, while producers of coffee and sesame have been

Ethiopia continues to experience its worst food inflation in over a decade, reaching 43 percent last month. A major setback for the government that is already struggling to keep the economy on track, this is yet another evidence showing an attempt by the government to tame the alarming growth of the inflationary pressure through policy

Ethiopia ranks 110th among 110 countries in the third annual edition of the Digital Quality of Life Index (DQL) study. This is despite a huge progress made by the country in ensuring telecom connectivity, which enabled more than half of its population have an access to telecom service. Covering 90 percent of the global population,

Abiy Ahmed re-elected as a prime minister of Ethiopia, a position he held since April 2020. His election comes as he face a growing pressure because of the active war in Amhara and Tigray region. Following the formation of Ethiopian government today, the parliament also re-elected Tagesse Chafo as a speaker. Former President of Amhara

Ethiopian Prime Minister Abiy Ahmed is due to be sworn in for a new five-year term today, despite the growing alarm over the war in the north. His Party, Prosperity, scored a landslide win in June elections. Prosperity won 410 seats in the federal parliament out of 436 where elections were held, according to the

Ethiopia has no legal right to expel seven U.N. officials whom it accused of “meddling” in the country’s affairs, the UN said. On Thursday, Ethiopia gave the seven officials 72 hours to leave, as pressure grows on the government over the alleged blockade of aid to the Tigray region, where over five million people are

The damage of coffee bean crops in the world’s largest coffee bean producer, Brazil, pushed the price of coffee beans up in China, while creating a business opportunity for other coffee growing countries, including Ethiopia. With supplies tightening up, the price of coffee beans hits six-year high in China, one of the world’s largest consumption

A UN agency floats a tender to procure two million quintals of wheat on behalf of the Ethiopian government. It is expected to cost at least an estimated 3.3 billion Br. The tender will be opened on October 08, 2021, the tender from the United Nations Office for Project Services (UNOPS) requires suppliers to deliver the