The AI Threat to Financial Stability

US Federal Reserve Chair Kevin Warsh recently announced a new task force that will "survey the pace, the reach, [and] the economic impact of new general-purpose technologies, including AI, and explore the implications for the Fed" as it pursues its "employment and inflation mandates." Notably absent from Warsh's statement was any mention of the impact

Belts and Cables

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Taxi Qoutes

Djibouti rejects unilateral taxation proposal for Bab el Mandeb Strait

Djibouti has firmly rejected any attempt to impose unilateral taxes or transit fees on vessels passing through the Bab el Mandeb Strait, warning that such a move would violate international law and threaten one of the worlds most important maritime routes. In a statement issued Wednesday evening, the government said it opposes any effort by

Ethiopian Shipping posts record profit despite regional security disruptions

Ethiopian Shipping and Logistics (ESL) reported a sharp rise in profit for the 2025/26 fiscal year, overcoming regional conflicts, security threats and operational disruptions that affected its shipping activities. According to the companys unaudited annual performance report, ESL generated 157.2 billion birr in revenue after transporting more than seven million metric tons of cargo, achieving

ESL Says Commercial Review Underway as Middle East Tensions Disrupt Shipping

State-owned Ethiopian Shipping and Logistics (ESL) says it is closely monitoring the evolving security situation in the Red Sea and the wider Middle East, while weighing commercial options to keep Ethiopian cargo moving without disruption. ESL Chief Executive Officer Abdulber Shemsu said the company is assessing whether to introduce feeder services in the region or

NBE bars former Global Bank CEO Tesfaye Boru for five years

The National Bank of Ethiopia (NBE) has barred Tesfaye Boru, former Chief Executive Officer of Global Bank Ethiopia (GBE), from holding senior leadership roles in any financial institution for five years, citing repeated regulatory violations. In a letter dated July 29, the central bank confirmed that Tesfaye was removed from his position following a special

Invitation For Bid

The IRC-Ethiopia Program has been working in Ethiopia since 1999 and is implementing integrated, community-managed programs aimed at improving the quality of life and recovery of livelihoods for disaster-affected populations through promoting individual participation, strengthening institutions, and enhancing emergency response. IRC Ethiopia Program has been operating in Gambella, Benishangul Gumuz, Tigray, SNNPR, Sidama, Somali, and

Lammif Initiative for Inclusive and Informed Life(L3IL)

purchase of 1 Electric vehicle The Specification of the car to be purchased is: GAC Aion i60 — 530 km Pure-Electric Variant (2025 model / 2026 production) Body type: 5-door compact crossover SUV, 5 seats Length × Width × Height: 4,685 × 1,854 × 1,660 mm Wheelbase: 2,775 mm Curb weight:

REQUEST FOR PROPOSALS FOR

For the Establishment of Long Term Agreement (LTA) for the Provision of Human Resources Management, Financial Management and Travel Arrangements for Third Party Contracted Personnel (TPCP) in Ethiopia LRPS-2025- 9205108 UNICEF (Ethiopia) wishes to request eligible bidders to participate to Invitation to Bid (LITB) Establishment of Long Term Agreement (LTA) for the Provision of Human

Anderson Warns of Converging Security Threats and Rising Narcotics Flow Across Africa

U.S. Africa Command (AFRICOM) Commander General Dagvin Anderson has issued a stark warning regarding an increasingly complex and interconnected matrix of security threats confronting African nations, highlighted by a staggering sixfold increase in narcotics trafficking relative to previous years. Addressing military and diplomatic leaders at the African Logistics Communications Symposium (ALCS) in Addis Ababa, General

EEU unveils USD 30.6 billion power distribution master plan

Ethiopia Electric Utility (EEU) has announced an ambitious 25-year electricity distribution master plan requiring an estimated USD 30.6 billion in investment to meet surging national power demand and expand grid infrastructure. According to the utility, electricity demand in Ethiopia is projected to increase nearly ninefold over the next quarter century, rising from the current capacity

Yared Alemayehu

2. Education: (የት/ት ደረጃ)    BA in Education3. Company name: (የመስሪያ ቤቱ ስም)  My English language training center 4. Title: (የስራ ድርሻህ)     Founder 5. Founded in: (መቼ ተመሰረተ)    20246. What it does: (ምንድነው የሚሰራው)    English Language training 7. Headquarters: (ዋና መስሪያ ቤት)     Addis Ababa8. Start-up capital: (በምን ያህል ገንዘብ ስራዉን ጀመርሽ/ክ)    50,000 birr9. Current capital: (የአሁን ካፒታል )    Growing 10. Number

The Glitter and the Gaps: Reflections of a Returnee on Ethiopia's Uneven Transformation

After twenty‑eight years away, I returned home with equal parts excitement and apprehension. Six months have now passed—long enough to observe, to listen, and to feel the pulse of Addis Ababa beyond the headlines and the celebratory narratives. And what I have seen is a country shimmering with ambition, yet shadowed by widening vulnerabilities that