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: Prime Minister Abiy Ahmed faces a critical juncture as Ethiopia navigates complex diplomatic waters. Balancing the AfDB fallout, Somaliland recognition, and internal challenges like the GERD project and drought, Ethiopia's leadership is under strain. With Ethiopia's historical role in international diplomacy at stake, the world awaits an official statement. Can its leaders uphold Ethiopia's esteemed diplomatic legacy?
Read more: https://ow.ly/5tBe50QoCro
NEWS ALERT: Zemen Bank Sets Trend Investing in Securities Exchange
Zemen Bank becomes one of the first financial institutions to have a 47.5 million Br equity in the Ethiopian Securities Exchange (ESX).
Read more: https://ow.ly/2Cha50QpWjA
Hintsa Andebrhan: Ethiopia's strategic decision to deepen ties with the self-declared state of Somaliland, potentially recognising it as a sovereign entity, could reshape the geopolitics of the Horn of Africa. Ethiopia's eye on a 20Km maritime access in exchange for recognising Somaliland is a bold move that could alter regional power dynamics.
Read more: https://ow.ly/oZ5Z50QpOIw
The array of Christmas trees at the Exhibition Centre ranged from 5,000 Br to 60,000 Br depending on size and lighting features while a variety of decorations priced from 300 Br to 4,000 Br were displayed.
Read more: https://ow.ly/PX2T50QpvV9
A rooster around Qera slated for slaughter over the holidays looks on in a comical quandary. As starting prices for chickens and fowls quiver around 650 Br in the holiday season, some households have unsurprisingly changed up their holiday culinary preferences towards inflation-friendly choices.
Read more: https://ow.ly/arF050QpU5K
Relocated palm trees adorn the pedestrian path around Mexico Square. Frequent road renovations have become ubiquitous across Addis Abeba as the aesthetic visions of the City administration take shape.
Read more: https://ow.ly/s20650QpUi1
Hand-made baskets slated for Christmas decorations are piled for sale around Sidist Kilo. While the holiday season creeps up in slightly decreased double-digit inflation rates of around 27pc, holiday shoppers have only cut back spending on certain items.
Read more: https://ow.ly/zz7q50QpUl9
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Ndongo Samba Sylla: In a world where Japan, the US, Canada, and the UK maintain very high debt-to-GDP ratios without spiralling into crisis, why are countries like Argentina, Ecuador, and Zambia buckling under much lower debts? The answer lies in the intricacies of monetary sovereignty. These developed countries hold debts in their own currencies, a luxury not afforded to many in the Global South.
Read more: https://ow.ly/QG8750QpOX2
Simon Johnson & Daron Acemoglu: As the world's democracies struggle with a growing crisis of legitimacy and the rise of authoritarian regimes, a hidden catalyst - the pervasive influence of dark money - lurks in the shadows. Offshore tax havens and secretive financial jurisdictions play a crucial role in this alarming trend, allowing the wealthy to accumulate untaxed wealth and exercise unchecked power.
Read more: https://ow.ly/TUMp50QpOGJ
Five Big Stories Vol. 24, No. 1236
https://ow.ly/wE7650QpQSj
Ethiopia’s recent stumble into default territory – missing a 33 million dollar Eurobond payment – is a troubling signal of deeper economic woes, set against internal strife and towering public debt. As its leaders traverse this precarious path, the question of a strategic fiscal manoeuvre or a forewarning of a larger economic crisis looms large.
Read more: https://ow.ly/GtF350QpOF5
Kidist Yidnekachew: The obsession with fair skin echoes historical power dynamics. European colonisers associated fair complexions with superiority, wealth, and refinement, influencing preferences in media, advertising, and personal interactions that persist to date.
Read more: https://ow.ly/AWFt50QpOyY
The Christmas season shopping spree brought the lively spirit of the Exhibition Centre at Mesqel Square back, encapsulating the intersection of festivity and commerce. Organisers boast a staggering 11,000 people attended in a day; where only 700 paid entrance fees with cash.
Read more: https://ow.ly/Eqwg50QpvPl
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As shoppers navigate the vibrant market, the determination to celebrate the holiday despite economic hardships showcases the indomitable spirit of individuals in the face of a complex economy.
Read more: https://ow.ly/YuNg50QppWx
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መልካም የበአል ሳምንት ይሁንልዎ!!
From the early days of celebrity endorsements to the present dominance of influencer marketing, the shift in strategy accompanies an annual payment for brand advertisers averaging 1.5 million Br.
READ MORE: https://ow.ly/Yv2150Qpqmx
Verbatim
: Ethiopia's overtures towards Somaliland, including a potential maritime access deal, challenge the traditional geopolitical order. While showcasing Ethiopia's bold diplomatic strategy, this move also risks alienating international allies and destabilising regional dynamics if the straining relationship with Somalia is allowed to escalate.
Read more: https://ow.ly/5tBe50QoCro
There is optimism about creating a capable workforce in Ethiopia. Investment in education is deemed essential to fill gaps in the international labour market, providing opportunities for emerging roles in the sector.
READ MORE: https://ow.ly/Fulq50QppRf
Christmas bazaars in Addis Abeba brought a bustling business, where vendors were tasked to navigate through economic dynamics. From digital payment alternatives to unique product stories, the markets offered rich experiences in the vibrant holiday season.
Read more: https://ow.ly/UuCy50QpvFb
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ሕብረት ባንክ በሕብረት እንደግ!!
Transporters face difficulties in obtaining receipts for various expenses incurred on the road, including tyre repairs, refreshments, and entrance and exit fees at Djibouti ports. The issue lies in documenting these expenses properly, leaving them struggling to provide detailed expense reports as required by tax authorities.
READ MORE: https://ow.ly/Z94J50QpoYI
As a country with a high reliance on imports and a merchandise trade deficit exceeding 10 billion dollars over the past two years, customs regulations play a crucial role in Ethiopia's economy.
READ MORE: https://ow.ly/P2O250QpoVV
As the triumphs and challenges faced by visionaries are unravelled, the birth of an entrepreneurial ecosystem is witnessed. The competition served as a stage not just for recognition and financial support but as a beacon for a new generation of leaders dedicated to steering Africa towards a brighter future.
READ MORE: https://ow.ly/wEY150QpoUI
NEWS ALERT: Berhan Bank Returns Former VP as President
Directors of Berhan Bank have brought back Ermias Tefera as the new president, following a nod from regulators at the National Bank of Ethiopia (NBE), two days ago.
READ MORE: https://ow.ly/SGlX50Qpqjn
In the high-flying world of Ethiopia's financial and tech industries, where its actors' mettle is tested as much by the market as by slow university computers and existential fears, lie tales of intrigue, humour, and the human condition.
READ MORE: https://ow.ly/Typ850QpoSn
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...took to Twitter last week to criticise the Houthi militias for disrupting the shipping route on the Red Sea.
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... pleaded to Ethiopians, addressing a crowd in Jigjiga, the seat of the Somali Regional State, commemorating Nations & Nationalities Day on December 9, 2023. in her 17-minute speech, the President stressed that having different views should not amount to animosity. #Verbatim
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. . . said in a joint statement issued last week after concluding what they described as a "structured dialogue." Ethiopia's team was led by Demeke Mekonnen, deputy prime minister and foreign minister, while Ronald Kobia, EU's ambassador, co-chaired the meeting.
...represents 22pc of what city officials have planned for the year. #Delicatenumber
...thanked Nicola Brennan, Irland's Ambassador to Ethiopia, who visited the regional state last week, for "highlighting the plight of Tigray" during the two-year civil war that ended last year. #Verbatim
...showed a 16.2pc drop from the previous year, significantly larger than changes in other categories and years, indicating a substantial reduction in this type of debt.
...told Parliament last week that a growing population constrained by lack of sea access should concern countries near and afar.
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