The latest climate forecast showing that the greater horn of Africa will experience its fifth consecutive failed rainy season could not have ... come at a worse time for its drought-stricken residents who are now forced to brace for another bout of extreme hunger.
A high-level Ethiopian government delegation on Monday made the first visit to the capital of rebel-held Tigray since the signing of a peace ... deal last month aimed at ending a brutal two-year conflict.
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At the height of the Covid-19 pandemic, the WHO boss Tedros Adhanom Ghebreyesus achieved celebrity status, which is rare among international ... civil servants. His updates on the spread of the virus made headlines worldwide and he hosted figures as diverse as Emmanuel Macron and Lady Gaga to boost the fight against it. His remarks on the Tigray civil war, however, were not always warmly received in his home country Ethiopia. Even so, his latest comments on Tigray show how close to home the conflict has become for him.
With the US-Africa Leaders Summit due to open on Tuesday in Washington, DC, the convening of African governments, civil society, and diaspora ... communities happens against the backdrop of the city’s vibrant African food scene. Here's a top list of where to eat while in town.
Earlier this year, Ethiopia launched Ethiopia Investment Holdings (EIH), a new sovereign wealth fund, in a bid to spur foreign direct investment ... under a wider programme of privatisation and financial liberalisation. EIH has since announced its intention to establish the Ethiopian Securities Exchange (ESX).
A market of more than 100 million inhabitants, where only one-third of those over 25 have a bank or mobile finance account (compared to an average ... of 58.5% in sub-Saharan Africa and 79.5% in neighbouring Kenya). An economy where one public institution, Commercial Bank of Ethiopia (CBE), alone manages 55% of outstanding credit. A banking industry so inefficient that its costs absorb 56% of its revenues, but where the return on assets is four times higher than that of Moroccan banks…