Ethiopian Airlines Group announced that it has unveiled new digital option dubbed My Sheba Space that enables economy class travelers to purchase one or more empty seats on board to get extra space and relax. Ethiopian has responded to COVID 19 pandemic by introducing passenger safety guidelines implementing social distancing and sanitization measures in its […]
Business
National Bank Introduces Tight Monetary Policy
National Bank of Ethiopia (NBE) has introduced a contractionary monetary policy that would be effective as of today. A contractionary monetary policy increases interest rates in order to slow the growth of the money supply and bring down inflation. This can slow economic growth and even increase unemployment but is often seen as necessary to […]
UNHCR Ethiopia Operation: Tigray Situation Update, 06 September 2021
Background and key developments Military confrontations between federal and regional forces in Ethiopia’s Tigray region, which borders both Sudan and Eritrea, led the Government to declare a State of Emergency on 4 November 2020. As the Tigray conflict enters its 10th month, the overall security and access situation remains complex and fluid, hindering effective delivery […]
Nigeria’s debt is sustainable, but dangers loom on the horizon
The World Bank recently ranked Nigeria fifth on the list of 10 countries to which it has the highest debt exposure. Nigeria owes the International Development Association – one of the two lending arms of the World Bank – US$11.7 billion. The International Development Association lends to countries based on their relative poverty or per capita income levels, at low to […]
Pivotal Role of Import Substitution of Basic Products Stressed
Economists stated that substituting imported basic goods with local products to withstand the economic burden is imperative. Drastically reducing imported luxury good is also necessary, they added. The tremendously huge import of Ethiopia vis-a-vis its export have apparently resulted in economic burden. Kilimanjaro Training and Consulting Managing Director, Addis Kassahun said empowering local manufacturers will […]
Yemen: UN agency helping stranded migrants to return home
Amid intensifying conflict in Yemen, and the COVID-19 pandemic, the International Organization for Migration (IOM) is helping nearly 5,000 Ethiopian migrants stranded in the country to return home, the UN agency reported on Tuesday. Some 300 migrants are set to depart for Addis Ababa this week on two IOM-run Voluntary Humanitarian Return (VHR) flights leaving out of the southern port city of Aden, where […]