#Opinion Why gamble with Ethiopia’s economic future
The National Bank Governor of Ethiopia, armed with IMF-backed recommendations, has declared that the government should refrain from borrowing from its own central bank. This pronouncement, poised to charm the parliament into submission, comes with the shiny allure of “modern economic discipline.” But let’s pause for a moment. Does this shiny allure hold water, or is it just another over-hyped economic myth?
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The National Bank Governor of Ethiopia, armed with IMF-backed recommendations, has declared that the government should refrain from borrowing from its own central bank. This pronouncement, poised to charm the parliament into submission, comes with the shiny allure of “modern economic discipline.” But let’s pause for a moment. Does this shiny allure hold water, or is it just another over-hyped economic myth?
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#Opinion There is great potential for cooperation between China and Ethiopia in the coffee sector
In early morning, the valley was bathed in sunlight as the sun peeked through the trees, casting a warm glow over the land of hope. Braving the rising sun, my Embassy team and I reached the renowned Ethiopian coffee-growing region of Yirgacheffe. As a coffee enthusiast, I have been captivated by this place for long. After three months of working in Ethiopia, I finally made my trip here, and my excitement and anticipation was obvious.
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In early morning, the valley was bathed in sunlight as the sun peeked through the trees, casting a warm glow over the land of hope. Braving the rising sun, my Embassy team and I reached the renowned Ethiopian coffee-growing region of Yirgacheffe. As a coffee enthusiast, I have been captivated by this place for long. After three months of working in Ethiopia, I finally made my trip here, and my excitement and anticipation was obvious.
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#Opinion ‘You broke it, you fix it’: Why the Global South’s patience is wearing thin
As delegates from around the world gathered in Baku, Azerbaijan, for the 2024 United Nations Climate Change Conference (COP29), the stage was set for another round of pledges, promises, and- if recent history is a guide – disappointments.
While leaders from the Global North polished their speeches about ambitious green transitions, the Global South braced for more empty rhetoric. The chasm between rich and poor nations has widened,
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As delegates from around the world gathered in Baku, Azerbaijan, for the 2024 United Nations Climate Change Conference (COP29), the stage was set for another round of pledges, promises, and- if recent history is a guide – disappointments.
While leaders from the Global North polished their speeches about ambitious green transitions, the Global South braced for more empty rhetoric. The chasm between rich and poor nations has widened,
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#Opinion There is great potential for cooperation between China and Ethiopia in the coffee sector
In early morning, the valley was bathed in sunlight as the sun peeked through the trees, casting a warm glow over the land of hope. Braving the rising sun, my Embassy team and I reached the renowned Ethiopian coffee-growing region of Yirgacheffe. As a coffee enthusiast, I have been captivated by this place for long. After three months of working in Ethiopia, I finally made my trip here, and my excitement and anticipation was obvious.
Read More
Website | Facebook | X | TikTok | Instagram | Linkedin | Youtube
In early morning, the valley was bathed in sunlight as the sun peeked through the trees, casting a warm glow over the land of hope. Braving the rising sun, my Embassy team and I reached the renowned Ethiopian coffee-growing region of Yirgacheffe. As a coffee enthusiast, I have been captivated by this place for long. After three months of working in Ethiopia, I finally made my trip here, and my excitement and anticipation was obvious.
Read More
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#Opinion Short stories on Journalism in Ethiopia, by Tamrat Hailu
A few days ago, I came across a book filled with intriguing stories related to the journalism profession in our country. The title, “Zero Experience and Other Stories,” references a job vacancy announcement seeking fresh graduates with “zero year experience.” The main narrative revolves around a journalistic institution that placed this announcement, aiming to hire recent university graduates.
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A few days ago, I came across a book filled with intriguing stories related to the journalism profession in our country. The title, “Zero Experience and Other Stories,” references a job vacancy announcement seeking fresh graduates with “zero year experience.” The main narrative revolves around a journalistic institution that placed this announcement, aiming to hire recent university graduates.
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#Opinion Ethiopia’s Banking Reforms and the Case for Strategic Opening
When Ethiopia announced its Banking Business Proclamation, the move was met with a mix of hope, skepticism, and confusion. For a nation balancing 30 private banks, a growing economy, and a hunger for foreign investment, the proclamation should have been a roadmap—a clear signal of where the country’s financial sector is heading. Instead, it feels like it’s neither here nor there: not quite closed, not fully open, and decidedly undecided.
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When Ethiopia announced its Banking Business Proclamation, the move was met with a mix of hope, skepticism, and confusion. For a nation balancing 30 private banks, a growing economy, and a hunger for foreign investment, the proclamation should have been a roadmap—a clear signal of where the country’s financial sector is heading. Instead, it feels like it’s neither here nor there: not quite closed, not fully open, and decidedly undecided.
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#Opinion Can Trump Dump the Dollar?
US President-elect Donald Trump’s incoming administration will likely seek to weaken the greenback’s exchange rate. But whether doing so would enhance the competitiveness of US exports and strengthen America’s trade balance is another matter.
One of the more jaw-dropping policy ideas gaining political steam in the United States recently has President-elect Donald Trump and his team, on taking office, actively depressing the dollar with the goal of boosting US export competitiveness and reining in the trade deficit. If Trump tries, will he succeed? And what could – and probably would – go wrong?
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US President-elect Donald Trump’s incoming administration will likely seek to weaken the greenback’s exchange rate. But whether doing so would enhance the competitiveness of US exports and strengthen America’s trade balance is another matter.
One of the more jaw-dropping policy ideas gaining political steam in the United States recently has President-elect Donald Trump and his team, on taking office, actively depressing the dollar with the goal of boosting US export competitiveness and reining in the trade deficit. If Trump tries, will he succeed? And what could – and probably would – go wrong?
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#Opinion Growth in Sub-Saharan Africa is Diverging
Stagnating incomes in sub-Saharan Africa’s resource-intensive economies necessitate more effective fiscal management and broad-based structural reforms
Sub-Saharan Africa is home to nine of the world’s top twenty fastest-growing economies this year. Such startling statistics, however, rarely feature in discussions of the region’s outlook. Instead, headline figures typically emphasize the relatively modest average economic performance. This disconnect reflects a two-track growth pattern, where a significant part of the region underperforms. Our analytical note for the latest Regional Economic Outlook for sub-Saharan Africa takes a closer look at this issue.
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Stagnating incomes in sub-Saharan Africa’s resource-intensive economies necessitate more effective fiscal management and broad-based structural reforms
Sub-Saharan Africa is home to nine of the world’s top twenty fastest-growing economies this year. Such startling statistics, however, rarely feature in discussions of the region’s outlook. Instead, headline figures typically emphasize the relatively modest average economic performance. This disconnect reflects a two-track growth pattern, where a significant part of the region underperforms. Our analytical note for the latest Regional Economic Outlook for sub-Saharan Africa takes a closer look at this issue.
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#Opinion Chinese FM’s New Year Visit:
As we enter 2025, China’s diplomacy once again starts with a trip to the African continent. This fine tradition of making Africa the first destination of the year for China’s Foreign Minister’s visit overseas has been an unwavering and unparalleled feature of China’s diplomacy for the past 35 years. Building on the momentum generated for the overall China-Africa relations at the Beijing Summit of Forum on China-Africa Cooperation (FOCAC) last September, Chinese Foreign Minister Wang Yi’s trip to Namibia, the Republic of the Congo, Chad, and Nigeria is yet another affirmation of China’s commitment to the continent and the Global South.
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As we enter 2025, China’s diplomacy once again starts with a trip to the African continent. This fine tradition of making Africa the first destination of the year for China’s Foreign Minister’s visit overseas has been an unwavering and unparalleled feature of China’s diplomacy for the past 35 years. Building on the momentum generated for the overall China-Africa relations at the Beijing Summit of Forum on China-Africa Cooperation (FOCAC) last September, Chinese Foreign Minister Wang Yi’s trip to Namibia, the Republic of the Congo, Chad, and Nigeria is yet another affirmation of China’s commitment to the continent and the Global South.
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#Opinion Alabuga Start programme participant from Africa: “There is no racism in Russia as in America”
How the move from Nigeria to Russia has changed her life and how does she helps others
The Alabuga Start programme is actively expanding in Russia, aimed at relocating young women from Africa, India, and Latin America to pursue employment and career advancement. Over the past few years, hundreds of young women have chosen to transform their lives through this initiative. We spoke with one participant of the programme to gain insights into her experiences living in the largest country in the world.
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How the move from Nigeria to Russia has changed her life and how does she helps others
The Alabuga Start programme is actively expanding in Russia, aimed at relocating young women from Africa, India, and Latin America to pursue employment and career advancement. Over the past few years, hundreds of young women have chosen to transform their lives through this initiative. We spoke with one participant of the programme to gain insights into her experiences living in the largest country in the world.
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#Opinion Strengthening alliances to end Female Genital Mutilation
By Koffi Kouame, UNFPA Country Representative
Female genital mutilation (FGM) is a profound violation of human rights, with devastating physical, psychological, and social consequences for women and girls. The practice undermines the principles of equality, bodily autonomy, and non-discrimination, denying girls and women their fundamental rights to live free from torture and cruel, inhuman, or degrading treatment
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By Koffi Kouame, UNFPA Country Representative
Female genital mutilation (FGM) is a profound violation of human rights, with devastating physical, psychological, and social consequences for women and girls. The practice undermines the principles of equality, bodily autonomy, and non-discrimination, denying girls and women their fundamental rights to live free from torture and cruel, inhuman, or degrading treatment
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#Opinion Battery storage is booming in Africa
Africa is experiencing a major boom in battery storage, as residential homes, businesses and institutions like hospitals and schools cut down their dependence on national grid power and generators with renewable energy.
Among the key trends being witnessed is the strategic co-location of solar power systems with battery energy storage in order to supply electricity to larger buildings, homes, and machinery.
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Africa is experiencing a major boom in battery storage, as residential homes, businesses and institutions like hospitals and schools cut down their dependence on national grid power and generators with renewable energy.
Among the key trends being witnessed is the strategic co-location of solar power systems with battery energy storage in order to supply electricity to larger buildings, homes, and machinery.
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#Opinion Digital Finance Freedom: Cryptocurrency as a Tool for Economic Growth in Developing Nations
In many developing countries, individuals often face significant financial challenges: banks may be distant, international money transfers can be costly, and local currencies may depreciate rapidly. While some track emerging cryptocurrencies like Aixbt price for investment opportunities, cryptocurrency as a whole is emerging as a powerful solution, empowering people in developing nations to take charge of their financial destinies and inspiring hope for a brighter future.
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In many developing countries, individuals often face significant financial challenges: banks may be distant, international money transfers can be costly, and local currencies may depreciate rapidly. While some track emerging cryptocurrencies like Aixbt price for investment opportunities, cryptocurrency as a whole is emerging as a powerful solution, empowering people in developing nations to take charge of their financial destinies and inspiring hope for a brighter future.
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#Opinion Building Futures Together: EU and Ethiopia’s 50-Year Milestone
Ethiopia just celebrated 129 years since the victory at Adwa – a historic moment for the country, the whole continent and beyond. At the ceremony, I paid special attention to H.E. President Taye Atske-Selassie reminding us that Adwa signifies freedom, strength, unity, respect and pride and encouraged us to “work with strength and discipline for wellbeing, prosperity and development”.
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Ethiopia just celebrated 129 years since the victory at Adwa – a historic moment for the country, the whole continent and beyond. At the ceremony, I paid special attention to H.E. President Taye Atske-Selassie reminding us that Adwa signifies freedom, strength, unity, respect and pride and encouraged us to “work with strength and discipline for wellbeing, prosperity and development”.
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#Opinion Why China’s Two Sessions matter for African agriculture modernization?
Agriculture is the backbone of many economies, particularly in Africa, where challenges such as the lack of massive agricultural infrastructure, risks arising from rising international food prices, and vulnerability to natural disasters persist.
China’s annual Two Sessions could offer valuable insights into addressing these issues through technological advancement and rural revitalization. The sessions underscore the significance of leveraging technological advancements to empower agricultural development and rural revitalization.
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Agriculture is the backbone of many economies, particularly in Africa, where challenges such as the lack of massive agricultural infrastructure, risks arising from rising international food prices, and vulnerability to natural disasters persist.
China’s annual Two Sessions could offer valuable insights into addressing these issues through technological advancement and rural revitalization. The sessions underscore the significance of leveraging technological advancements to empower agricultural development and rural revitalization.
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