Ethiopia’s Tax Revenues Sink to 7.5% of GDP, Leaving Billions on the Table

Ethiopia’s Tax Revenues Sink to 7.5% of GDP, Leaving Billions on the Table Addis Ababa — Ethiopia’s tax haul has collapsed to just 7.5% of GDP, the lowest in more than a decade and among the weakest in Sub-Saharan Africa, raising urgent questions over how the government will fund its post-war reconstruction and ambitious growth plans. The figure for the 2022/23 fiscal year puts Ethiopia far behind regional peers like Uganda (13.1%), Kenya (15.2%), and Rwanda (15.7%), and well short of the SSA median of 13.2%, according to a new World Bank–backed analysis. From Peak to Plunge Tax revenues once peaked at 12.4% of GDP in 2014/15, but have since slid almost five percentage points. Four sources account for nearly all of the decline: Value-added tax (VAT): −2.0 points Customs duties and surtax: −1.1 points Corporate income tax: −0.74 points Employment income tax: −0.36 points “These are the workhorses of the tax system,” the report notes. “When they falter, the whole system feels it.” A Fragile Tax Base Ethiopia’s revenue structure is unusually exposed to imports and public-sector spending, which together generate about 60% of federal tax income. As imports slumped and public investment was slashed in recent years, tax receipts fell almost mechanically. That dependence is risky: customs rates are already high by regional standards, and the public sector’s role as the sole VAT withholding agent means that when state spending dips, so do collections. Why Ethiopia Lags Peers The analysis breaks the country’s 5.5-point gap with the SSA median into three drivers: Structural constraints (≈2.2 points): Low income per capita, a large agricultural base, low urbanization, and a small manufacturing sector all depress taxable capacity. Policy gaps (≈2.1 points): Lower-than-average VAT rate (15% vs. 17.5% median), historically no VAT/excise on fuel or airtime (recently changed), and no taxes on financial transactions. Compliance weaknesses (≈1.2 points): Administrative gaps and leakages beyond what economic structure can explain. Compliance Is the Real Story Since 2015/16, about 1.8 percentage points of the tax ratio drop stems from widening compliance gaps, especially in VAT and corporate tax. Wholesale and retail trade — along with construction — have seen the steepest under-collection. Imports collapsing, public investment drying up, and formal wage growth lagging GDP have added further pressure. Reform Plans — and Risks Ethiopia’s National Medium-Term Revenue Strategy (NMTRS) aims to lift the tax ratio by a dramatic seven points by 2027/28, through both policy tweaks and administrative reforms. Two potentially game-changing — but risky — proposals from the report: Appoint large private firms as VAT withholding agents to replicate the compliance effect of public-sector procurement. Raise the VAT rate toward the SSA median — but only if compliance is shored up first to avoid widening the gap between compliant and non-compliant businesses. What It Means for Business For Ethiopia’s private sector, the tax landscape is shifting: VAT and corporate tax enforcement will tighten, with high-risk sectors facing closer audits. Large corporates may be pulled into VAT withholding, adding reporting burdens but also potential leverage in supply chains. Border taxes have peaked, signaling a pivot toward onshore compliance rather than import tariffs. The Road Ahead Reversing the revenue slide will require Ethiopia to re-engineer its tax base toward the private economy, while cleaning up compliance. Raising rates without first fixing enforcement risks driving more firms into informality. The choice, in short: stay import- and state-dependent — or build a broader, more resilient private-sector tax net. The next two years will show if policymakers have the political will to make that shift.

Watt Matters Most? Ethiopia’s Fight Over Powering Bitcoin or People

Watt Matters Most? Ethiopia’s Fight Over Powering Bitcoin or People Ethiopian Electric Power’s decision last week to freeze new cryptocurrency mining licences and begin phasing out existing operators has thrown one of Africa’s fastest-growing crypto hubs into uncertainty. The move comes despite the sector delivering an estimated $220 million in foreign exchange earnings during the last fiscal year—vital hard currency in a country facing persistent forex shortages. Yet officials say the growing power demands of crypto miners now threaten national energy security. A Market Ethiopia Built—And Now Wants to Slow Just three years ago, Ethiopia was virtually absent from the global crypto mining map. Then, in the wake of China’s 2021 crackdown, dozens of operators displaced from Asia began scouring the world for cheap, stable electricity. Ethiopia’s low tariffs, pro-mining regulatory stance, and abundant hydropower made it a surprise contender. By 2024, 25 licensed mining firms were active in the country, with another 20 pending approval. The scale-up was swift: EEP allocated 600 megawatts of capacity to the industry—about half of what it takes to power Addis Ababa. EEP’s own earlier projections painted an even rosier picture. It forecast data mining revenues could reach 109 billion birr ($1.9 billion) annually by 2026 if the sector continued importing equipment at current rates. But last week’s announcement shows a different calculation: the opportunity cost of powering server farms instead of homes and factories is now too high. A Heavy Draw on the Grid Crypto mining is inherently energy-hungry. In Ethiopia, the sector accounted for 27% of all electricity sales in the 2024/25 fiscal year—a figure that could approach 50% if pending licences were granted. While mining firms insist they use only surplus generation, industry experts challenge that narrative. “They are too power-intensive,” said Biniam Tufa, Deputy CEO at renewable energy company Green Scene. “These operations tap into capacity that could otherwise drive industrialization or rural electrification. The government underestimated the scale.” The problem isn’t just generation—it’s distribution. Half the country’s population still lacks access to electricity, and frequent blackouts plague even major cities. Concentrating mining operations around Addis Ababa puts additional strain on the urban grid, forcing trade-offs between residential supply, industrial demand, and crypto mining loads. Global Context: The Economics of Mining Migration Ethiopia’s trajectory mirrors a broader global relocation of crypto mining. After China’s 2021 ban, Kazakhstan, Russia, and the U.S. became major destinations—only for each to face its own political or infrastructure challenges. Kazakhstan saw miners consume 7% of national generation by late 2021, triggering rolling blackouts and a political backlash. Russia embraced mining as a sanctions workaround but faced logistical bottlenecks. The U.S., now the largest mining hub, is debating carbon taxes and local moratoriums to curb energy-intensive mining in states like Texas and New York. Ethiopia entered the market as a low-cost outlier, offering one of the cheapest kWh rates globally. But like Kazakhstan, it is discovering the fragility of that advantage when energy demand growth outpaces infrastructure investment. The Government’s Pivot EEP CEO Asheber Balcha confirmed that tax holidays and other incentives for miners have been withdrawn. “Low tariffs brought an influx of foreign operators, but the jobs they create are minimal compared to their electricity consumption,” Asheber said. “This conflicts with our mandate to power industrial and social development.” The new approach: Honor current contracts to avoid investor disputes Halt issuance of new licences Prioritize allocation to productive, job-rich sectors such as manufacturing and agro-processing Miners Push Back Industry players argue that the government risks undermining a nascent tech sector with global potential. They point to the foreign exchange benefits, investment inflows, and capacity-building in blockchain expertise and high-performance computing. Some miners also claim their operations can stabilize the grid by consuming excess energy during low-demand periods and scaling back during peak demand. Critics counter that such flexibility is rarely enforced in practice. GERD and the Off-Grid Proposal The imminent inauguration of the Grand Ethiopian Renaissance Dam (GERD) is set to boost generation by several thousand megawatts. On paper, this could support both industrial growth and crypto mining. But without rapid expansion of transmission and distribution infrastructure, much of this capacity could remain stranded power—generation that can’t be delivered to consumers. Some energy analysts suggest a compromise: relocating mining operations to off-grid sites using mini-grids and containerized units. These could power nearby rural communities during peak hours and run mining rigs during off-peak periods. Such models, already trialed in parts of West Africa, could help Ethiopia monetize surplus power without overloading the national grid. But profitability for miners would likely be lower than in grid-connected urban setups. The Broader Energy Challenge The mining debate underscores Ethiopia’s broader infrastructure bottlenecks. The country remains heavily reliant on imported power cables, transformers, and other hardware—slowing the pace at which generation gains translate into universal access. As Biniam bluntly put it: “Until we invest in the full electricity value chain—generation, transmission, and distribution—mining will be in direct competition with citizens for power.” The Strategic Choice Ahead For Ethiopia, the issue is less about the legitimacy of crypto mining and more about national priorities. The calculus: Short-term forex inflows vs. long-term industrialization Serving global blockchain networks vs. expanding domestic electricity access Betting on a volatile asset class vs. building a diversified, energy-powered economy If Ethiopia chooses to prioritize homes and factories over server farms, it would join a growing list of countries recalibrating their stance on mining. But if it finds a way to balance the two—perhaps via off-grid innovation—it could still leverage its hydropower advantage while keeping the lights on for its people.

Sheraton Addis at 27: A Timeless Ethiopian Luxury Through Harry Jaggard’s Eyes

Sheraton Addis at 27: A Timeless Ethiopian Luxury Through Harry Jaggard’s Eyes A Masterpiece of Hospitality: How the Sheraton Addis Remains an Undisputed Classic After 27 Years, Through the Eyes of Explorer Harry Jaggard In the heart of Addis Ababa, a city pulsing with both ancient history and a dynamic future, stands a monument to timeless elegance: the Sheraton Addis. Since its grand opening on February 28, 1998, this jewel in Marriott’s Luxury Collection has been more than a hotel—it has been a symbol of Ethiopian pride and a benchmark for five-star hospitality in Africa. While the city’s skyline has transformed with gleaming new towers, the Sheraton has retained its classic charm. But how does a 27-year-old establishment hold its own in a constantly evolving luxury market? The answer lies in the perspective of one of the internet’s most intrepid travel vloggers, Harry Jaggard, whose recent stay offers a compelling testament to the hotel’s enduring legacy. The Modern Explorer: Who Is Harry Jaggard? Before stepping into the Sheraton’s opulent halls, it’s worth understanding the man behind the lens. Harry Jaggard is no ordinary luxury hotel reviewer. Born on December 4, 1997, the English travel vlogger and digital content creator has built a devoted following—over 2.5 million subscribers on his primary YouTube channel, @harryjaggardtravel, and a combined audience of more than 6.5 million across platforms. His brand thrives on authentic, often gritty adventures. Describing himself as a “professional idiot completing side missions,” he has explored destinations many tourists avoid, from Somalia’s bustling markets to Afghanistan’s remote villages. After earning a degree in Business Management from the University of the West of England and working as a videographer in Dubai, Jaggard transitioned to full-time content creation. His style is immersive, personal, and refreshingly honest—he doesn’t just show you a place, he takes you on the journey, sharing candid thoughts, challenges, and unfiltered opinions. This is what makes his review of the Sheraton Addis so significant. When a traveler who thrives on discomfort and raw experiences praises a luxury property, it speaks volumes about its quality and character. Jaggard’s Verdict: Inside “Heritage Luxury” In his video Staying in Ethiopia’s Most Luxurious Hotel, Jaggard captures the Sheraton Addis as embodying “heritage luxury”—a blend of grand history and meticulous upkeep. He admits some hesitation about showcasing such opulence, fearing it might clash with his adventure-driven brand, but ultimately decides it’s a story worth telling—and a way to offset travel costs, a candid admission his followers appreciate. His first impression of the room? “A little bit old,” he notes, yet quickly praises the thoughtful updates. A Bose speaker awaits, the bed is spotless, and the room is infused with Ethiopian cultural touches. Unique amenities include coffee-flavored cookies, tea crackers, and colo—a traditional roasted barley snack—welcoming guests with an immediate taste of local hospitality. He singles out the complimentary morning coffee or tea service, delivered to the room at a chosen time, as a small but deeply luxurious detail. Touring the property, Jaggard showcases its vast offerings: a lavish breakfast buffet featuring everything from sushi and salads to indulgent Oreo croissants and a carrot-walnut “healthy pancake”; high-end dining at the pan-Asian Jade and a Japanese restaurant with Teppanyaki grill; a recently renovated open-air gym with a running track; and a sprawling resort-like pool area complete with a bar. Even minor frustrations—such as a crowded executive lounge—were met with quick solutions, like in-room meal service. Initial concerns about slow Wi-Fi vanished after a speed test revealed excellent connectivity, vital for a digital nomad. A Foundation of Grandeur: The Sheraton’s Origins The Sheraton’s status rests on its ambitious beginnings. Conceived by Sheikh Mohammed Hussein Al Amoudi and built by MIDROC Ethiopia at a cost of over $200 million, the hotel was as much a patriotic project as a commercial one—designed to create jobs and elevate Ethiopia’s global image. Construction required relocating over 500 families to secure its prime hilltop site between two of the nation’s most important landmarks: the National Palace and the Menelik Palace. Architect Kosek Ivo designed the hotel with uncompromising attention to quality. It boasts over 1,500 square meters of event space, a cutting-edge health club, and remains the only hotel in Ethiopia with its own ultraviolet water sterilization plant, underscoring its commitment to guest well-being. Evolving Without Erasing The Sheraton Addis has avoided becoming a relic by embracing continuous renewal. It is now undergoing a major renovation, marked by Marriott International’s recent approval of a new mock-up room that meets the brand’s highest global standards. This ensures the property will retain its architectural integrity while incorporating modern luxury. That Jaggard’s glowing review came before these renovations makes his praise even more striking. Experiencing the “heritage” version of the hotel, he still declared it the best in the city. In the end, the Sheraton Addis endures not just because of its age, but because of its fusion of visionary history, meticulous upkeep, unmatched service, and readiness to evolve. Through Harry Jaggard’s lens, it’s clear the Grand Dame of Addis Ababa is not merely surviving—it’s thriving, poised to welcome a new generation of travelers with its signature blend of culture, character, and world-class hospitality.

From $500 to Nine Restaurants: Ethiopian-Born Sara Aradi’s Rise in Dubai’s Culinary World

From $500 to Nine Restaurants: Ethiopian-Born Sara Aradi’s Rise in Dubai’s Culinary World Sara Aradi: The Architect of a Culinary Dynasty As of August 2025, more than three decades have passed since a young Sara Aradi took a leap of faith that would redefine her destiny. Now 53, she stands as one of the UAE’s most influential culinary entrepreneurs—a titan whose story resonates from her native Ethiopia to the heart of the Gulf. Her chain of nine Al Habasha restaurants is more than a business; it is a cultural landmark, a testament to the resilience, ingenuity, and ambition she carried with her from home. The First Chapter: A $500 Gamble in a Bygone Dubai The year was 1993. The Dubai that greeted 21-year-old Sara was a very different city—smaller, slower, and bound by a close-knit sense of community. She arrived with just $500 in her pocket, a sum that represented every cent she owned and a monumental risk for a young woman alone in a foreign land. Her only other assets were invisible but invaluable: a fierce determination and a clear vision for a better life. That vision would become the cornerstone of an empire. From Bollywood VHS Tapes to Seed Capital Sara’s dream of opening a restaurant was crystal clear, but financing it required ingenuity. Where others might have sought loans or investors, she built her own path. She spotted a booming demand in Ethiopia for Bollywood films—a cultural wave she could ride. Acting as a micro-importer, she began shipping VHS tapes of blockbuster Indian movies home, bringing the charisma of Amitabh Bachchan, Salman Khan, and Shah Rukh Khan to eager Ethiopian audiences. Her shop became such a trusted source that the Indian ambassador in Ethiopia personally awaited her shipments. The venture taught her everything—supply chains, market demand, customer service—and as technology shifted, she adapted. VHS tapes gave way to CDs; the stock expanded to mobile phones and branded sunglasses. Every dirham earned was set aside, not for luxury, but to fund the dream that had fueled her since arrival. The Birth of Al Habasha By 1999, years of disciplined saving and relentless work brought her to the moment she had envisioned. Encouraged by friends who adored her home cooking, Sara took the plunge and opened her first Al Habasha restaurant in Dubai’s bustling Naif area. It was modest at first, but the food spoke for itself. Authentic flavors and generous hospitality drew in Ethiopians longing for a taste of home and curious residents eager to explore new cuisine. Word spread quickly. Soon, diners traveled from other emirates just to eat at Al Habasha. A second branch in Frij Murar followed, and the numbers were remarkable—over Dh100,000 in monthly revenue. Her first Mercedes ML was not just a car; it was a symbol of how far grit and vision could take her. An Empire Across the Emirates From that single Naif restaurant, Sara built a culinary empire. Today, Al Habasha spans nine thriving locations across Abu Dhabi, Ajman, Sharjah, and Ras Al Khaimah. The brand has grown beyond its roots as a cultural haven for Ethiopians. Emiratis and expatriates from all backgrounds now seek out its communal platters, rich stews, and injera bread. Sara has not just built restaurants—she has introduced the soul of Ethiopian dining to an international audience. The Philosophy of a Self-Made Icon Reflecting on her journey, Sara speaks with pride and clarity. “I came to Dubai as a single woman and became a millionaire. Most people wait for money—but I worked hard to change my life. Starting at zero, I now own nine restaurants, and that makes me proud.” She credits the UAE for providing a safe and supportive environment for entrepreneurs. “If you work hard and follow the rules, nobody will touch you. The UAE government supports you.” Having spent more of her life in the Emirates than in Ethiopia, she now calls it her native country—a place where $500, determination, and an unshakable vision transformed a young immigrant into the architect of a culinary dynasty.

How OKX Earn Lets Your Crypto Work While You Sleep

How OKX Earn Lets Your Crypto Work While You Sleep In a world where your money works 24/7 or sits idle ,which side do you want to be on? Every day, traders hustle to beat the markets. But while some are glued to charts, others are quietly stacking passive income. No noise. No stress. Just smart moves and solid returns. Welcome to the world of OKX Earn , a powerful suite of tools designed to let your crypto work for you, even while you sleep. Let’s break it down, not just with definitions, but with real-life possibilities. 1. Simple Earn , For the Smart but Cautious Think of this as your crypto savings account but better. Whether it’s USDT, ETH, or BTC, Simple Earn lets you deposit and earn daily rewards while maintaining full flexibility. You can redeem anytime. Why it’s powerful: You’re not betting. You’re saving and growing. 🔹 Principal Protected🔹 Daily earnings🔹 Flexible or fixed terms Real talk: Imagine setting aside 500 USDT for a month and seeing it quietly generate daily returns. That’s not magic , that’s Simple Earn. 2. On-Chain Earn ,Where DeFi Meets Simplicity DeFi is booming, but let’s be honest , not everyone wants to deal with gas fees or bridging assets. With On-Chain Earn, OKX does the heavy lifting. You tap into top DeFi protocols like Aave, Curve, or Compound  all with zero technical setup. Just select an asset, subscribe, and sit back. Why it’s different: You earn on-chain yield from trusted protocols without leaving the OKX ecosystem. 🔹 DeFi rewards without DeFi complexity🔹 Auto-compounding available🔹 Transparent and blockchain-verified The big win: You’re earning DeFi-grade returns while OKX handles everything in the background. 3. Dual Investment – Set Your Price, Win Either Way This one is for the opportunists , those who don’t just hold BTC or ETH but want to capitalize on volatility. With Dual Investment, you choose a crypto pair (like BTC/USDT), set a price, and a date. If your target is hit, you get paid higher returns ,either in the base or quote asset. Why it’s smart: You’re getting paid more to either buy low or sell high. 🔹 No fees🔹 Higher yields than standard earn products🔹 Advanced auto-compound options Let’s say: You want to buy BTC at $58,000. You set up a Dual Investment product. If BTC drops to $58K, you buy it , but with a reward. If it doesn’t, you still earn. That’s a win-win play. 4. BTC Yield+ – Earn BTC Daily with Conservative Strategy You’ve heard it: “Stack sats.” But stacking passively? That’s next level. BTC Yield+ is tailor-made for Bitcoin holders who want daily rewards without swapping assets or risking capital. 🔹 Conservative and stable returns🔹 Rewards paid in BTC🔹 Fully flexible , redeem anytime How it works: Deposit BTC before 08:00 UTC, and you start earning the same day. Rewards land in your funding account daily. Redeem before 07:00 UTC, and your BTC is back by the next morning. It’s Bitcoin farming ,done right. Thousands are already earning passively on OKX without trading a single candle. The only difference? They started. This isn’t financial advice ,this is your wake-up call. If you’ve been meaning to let your crypto do more than sit in a wallet, this is your moment.Whether you’re risk-averse, DeFi curious, market-savvy, or just HODLing, there’s a product here with your name on it. 👉 Explore OKX Earn now: https://www.okx.com/earn Your crypto is already powerful. It’s time you made it productive. Join OKX Africa Telegram Community: https://bit.ly/3JbrNNf Join OKX Africa on X: https://bit.ly/47rSyqI

How Two Ethiopian YouTubers Are Bringing the World Closer in Local Language

How Two Ethiopian YouTubers Are Bringing the World Closer in Local Language For years, Ethiopian audiences seeking travel stories online often had to rely on English-language content from Western vloggers. Today, that’s changing. A new wave of local-language creators is taking viewers on journeys across the globe — without the cultural translation gap. Leading this movement are Abel Berhanu and Janny, two YouTubers who have turned their cameras, charisma, and curiosity into full-time careers, and in the process, built loyal communities eager to see the world through an Ethiopian lens. Abel Berhanu: From “Side Hustle” to Million-Making Media Brand Nine years ago, when Abel Berhanu uploaded his first travel-related video to YouTube, Ethiopian content creators on the platform were scarce. A television, radio, and advertising professional by trade, Abel saw YouTube initially as an experimental side project — one that would run alongside his media jobs. The early days were brutal.He published 62 videos in a row with fewer than ten views each. Still, Abel kept uploading, convinced that the platform could one day be his ticket to both financial independence and fulfilling his childhood dream of traveling the world. That persistence paid off on the 63rd upload — a video about a local bank’s homeownership scheme that suddenly went viral, pulling in thousands of views within hours. From then on, his trajectory shifted. At first earning around $100 per video, Abel reinvested into his channel, eventually leaving his day jobs to focus entirely on YouTube. Today, he runs five channels, employs a team of 11 staff in Ethiopia and the US, and holds multiple YouTube Creator Awards — including two Gold Play Buttons for surpassing one million subscribers. While he doesn’t disclose exact monthly earnings, Abel is candid that his income “makes millions” of birr annually, fluctuating with video performance. YouTube, he says, is not just a paycheck but “a great source of wealth” for those willing to work hard, be patient, and learn how to package stories in ways audiences can connect with. His formula blends cultural storytelling with journalistic curiosity. Abel has visited 63 countries and all 50 US states, producing content in Amharic that goes beyond scenic shots. His travelogues explore history, culture, lifestyle, and unique national quirks, often under challenging conditions ranging from extreme weather to restrictive filming laws. By filming in his native language, he opens up the world for Ethiopians who might not otherwise engage with English-only travel content. Janny: From Uber Eats Deliveries to Global Adventures Janny — whose real name and backstory remain less public than Abel’s — started his YouTube journey in September 2020 while living in the United States. His first videos were not about travel at all, but about reacting to Ethiopian music and livestreaming his experiences as an Uber Eats delivery driver. This relatable starting point helped him connect with Ethiopians abroad and at home, giving his channel an authentic, down-to-earth tone. Over the past four years, Janny’s channel, jahnny VLOGS, has grown to 357,000 subscribers, 841 videos, and more than 53.8 million views. He has also built a broader digital presence, with 73,000 Instagram followers and an impressive 363,000 TikTok followers — making him one of the most multi-platform Ethiopian creators in the travel niche. His breakthrough came with travel vlogs that mixed curiosity with candidness. One of his most watched videos — a Thailand nightlife exploration — has surpassed 800,000 views, pulling in both Ethiopian viewers and international audiences curious about his perspective. Other popular content includes visits to Saudi Arabia to see football superstar Cristiano Ronaldo, explorations of “Little Ethiopia” communities abroad, and domestic adventures showcasing Ethiopia’s historic cities like Gondar. Janny’s storytelling style is immersive and personality-driven, often putting himself at the center of the narrative so viewers feel like they’re traveling alongside him. He frequently collaborates with other Ethiopian YouTubers, expanding his reach and introducing his audience to new personalities. Importantly, his decision to vlog in Amharic ensures his content resonates deeply with Ethiopians, especially those less comfortable with English. This linguistic choice has positioned him as a cultural bridge — showing global destinations through an Ethiopian lens while breaking down stereotypes about his homeland. Why Local-Language Travel Vlogging Matters For both Abel and Janny, producing in Amharic isn’t just a stylistic choice — it’s a strategic one. Ethiopia is a nation of over 120 million people with relatively low English fluency rates. Local-language travel content removes a barrier, letting viewers focus on the story, the visuals, and the cultural comparisons without translation fatigue. In doing so, these creators have tapped into an underserved digital market. As Abel points out, Ethiopia has “very few” YouTubers with over a million subscribers, meaning the platform remains an untapped business opportunity for those who can deliver consistent, engaging content. The Business of Being an Ethiopian Travel Vlogger Both vloggers show that sustainable YouTube income in Ethiopia is possible — but it requires professional discipline: Multiple Revenue Streams: Beyond AdSense, they monetize through brand deals, sponsored trips, book sales (Abel), and merchandise. High Output: Regular uploads keep their channels in YouTube’s recommendation algorithms. Global & Local Licensing: Abel’s US business license and Janny’s multi-platform growth allow them to expand monetization options. Team Building: Abel runs a full production team; Janny often collaborates to boost content variety and production value. Cultural Relevance: Local language + Ethiopian cultural framing = higher domestic engagement. Both creators have ambitions beyond their current milestones. Abel still dreams of visiting every sovereign country in the world, while Janny continues to explore destinations that blend adventure with cultural storytelling — often aiming to surprise his viewers with places they’ve never considered visiting. For Ethiopian audiences, their work is more than entertainment. It’s a chance to experience the world without leaving home, to see global culture through Ethiopian eyes, and to imagine their own place in it. In a country where digital opportunities are growing but still underdeveloped, Abel Berhanu and Janny are not just vloggers — they are digital pioneers, proving that with persistence, strategy, and cultural authenticity, Ethiopia can have a seat at the global storytelling table.

Ethiopia’s Investment Holding Secures First Overseas Stake in $3M Akobo Minerals Investment

Ethiopia’s Investment Holding Secures First Overseas Stake in $3M Akobo Minerals Investment OSLO / ADDIS ABABA — August 11, 2025 — In a historic move signaling Ethiopia’s growing integration into global capital markets, Ethiopian Investment Holdings (EIH), the country’s sovereign wealth fund, has taken its first-ever equity stake in an international company — investing USD 3 million in Scandinavian-based gold producer Akobo Minerals AB (Euronext and Frankfurt: AKOBO; OTC: AKOBF). The deal, announced Monday, involves a private placement of 15 million new shares at USD 0.20 per share, giving EIH a 7.4% ownership stake. The capital will be used to accelerate the development of Akobo’s high-grade Segele gold mine in western Ethiopia, including the construction of a vertical shaft that is expected to boost monthly output five- to eightfold, from 5–10 kilograms to 50–80 kilograms. A First for Ethiopia’s Sovereign Fund Founded in 2021, Ethiopian Investment Holdings manages roughly 40 state-owned enterprises — from Ethiopian Airlines to Ethio Telecom — with a mandate to preserve national wealth, diversify revenue streams, and deliver sustainable returns. By taking a position in Akobo Minerals, EIH is not only venturing beyond Ethiopia’s borders for the first time but also making a rare re-entry into the global equity market after more than a century of absence. The move reflects Ethiopia’s “3D strategy” — Diversify, Drive, Deliver — designed to broaden the sovereign portfolio, fuel long-term innovation, and ensure economic benefits flow back to Ethiopian citizens. “This represents a historic and strategic breakthrough for Ethiopia’s economic expansion,” said Dr. Brook Taye, CEO of EIH. “Akobo’s sustainable approach and proven expertise make it the ideal partner for our first international mining stake.” Strategic Timing Amid Economic Reforms The investment comes as Ethiopia accelerates market liberalization efforts, opening previously closed sectors to private and foreign participation. In the past three years, the government has loosened state monopolies in telecoms, banking, and logistics while actively courting international investors. Analysts note that the EIH–Akobo deal dovetails with the administration’s reform agenda, which aims to position Ethiopia as a competitive emerging market player. Sovereign fund participation in a listed overseas company not only signals investor confidence but also sets a precedent for Ethiopian capital to compete in global deal-making. “This is more than a mining investment — it’s a signal to the market that Ethiopia is ready to be both a destination and a source of capital,” said one Addis Ababa–based investment banker. Validation for Akobo Minerals For Akobo, which has operated in Ethiopia for over 14 years, the EIH partnership serves as a strong endorsement of its operational model and financial trajectory. The Segele mine boasts an Inferred and Indicated Mineral Resource of 68,000 ounces with an unusually high gold grade of 22.7 grams per ton — placing it among the richest deposits globally. “This milestone validates the strength of our project and our long-term vision,” said Jørgen Evjen, CEO of Akobo Minerals. “We are proud to be paving the way for Ethiopian investors to directly participate in one of their own industries.” The company, listed on Euronext Growth Oslo and the Frankfurt Stock Exchange, is also traded on the OTC Pink Market. With gold prices trading near multi-year highs amid global market uncertainty, the timing could amplify returns for both parties. Potential Ripple Effects for the Mining Sector Mining accounts for a relatively small share of Ethiopia’s GDP — less than 1% — but the government has identified it as a strategic growth sector, aiming to increase exports and attract exploration investment. Sovereign wealth fund participation in a domestic-linked international miner could encourage other Ethiopian entities, including pension funds and private equity firms, to explore similar cross-border strategies. The deal may also reassure foreign mining companies hesitant about Ethiopia’s operating environment, showing that state-backed financial institutions are prepared to provide capital and political support to credible operators. The Bigger Picture With this transaction, Ethiopia joins a small but growing group of African sovereign wealth funds actively investing abroad. While resource-rich states like Botswana and Nigeria have long allocated capital to global assets, Ethiopia’s debut move underscores its intention to leverage state capital to both strengthen domestic industries and build a globally diversified portfolio. If the Akobo model proves successful, industry observers expect EIH to target other high-value sectors — from energy infrastructure to technology — creating new pathways for Ethiopian capital in international markets. About Ethiopian Investment Holdings (EIH): Established in 2021, EIH is Ethiopia’s sovereign investment arm, overseeing state-owned assets worth billions of dollars. Its portfolio spans aviation, banking, telecoms, shipping, and logistics, with a strategic mandate to drive national economic transformation. About Akobo Minerals: Akobo is a Scandinavian-based gold producer with operations in Ethiopia’s Gambela region and Dima Woreda. Known for its high-grade Segele deposit, the company follows rigorous ESG standards and maintains strong community engagement programs.

Addis Ababa to Phase Out Code One Taxis, Push for High-Capacity Buses

Addis Ababa to Phase Out Code One Taxis, Push for High-Capacity Buses Addis Ababa is preparing to phase out its ageing fleet of Code One taxis as part of a sweeping transformation of the city’s public transport system. The move — driven by a new transportation policy prioritising high-capacity buses and metered taxis carrying more than 25 passengers — aims to ease congestion, reduce air pollution, and modernise urban mobility. Ato Dagnachew Shiferaw, Operations Director at the Addis Ababa Transport Bureau, said the city’s future strategy focuses on shifting commuters towards larger-capacity public vehicles. “One bus can replace about eight taxis,” he noted, adding that buses are more efficient in terms of road space, fuel economy, and travel affordability. He urged residents to increase their use of public transportation to ensure the long-term sustainability of the city’s mobility network. Aging Fleet and Compliance Gaps The Deputy Director of the Transport Bureau’s Operations Department said most Code One taxis no longer meet the city’s taxi service standards, with many vehicles well past their operational lifespan. Instead of a complete phase-out without alternatives, the government plans to support operators in upgrading to high-capacity, metered taxis that can serve more passengers per trip. The policy shift has already resulted in route restrictions on major corridors such as New Gebya Junction, Garment Junction, and Jemo Junction. Authorities say the move not only aligns with the new transport strategy but also addresses fare abuses by drivers on long routes, where trips were often cut short to overcharge passengers. New Regulations Add Financial Pressure These changes come against the backdrop of a strict new directive introduced by the Ethiopian Ministry of Transport and Logistics in October 2024, aimed at improving safety and efficiency in public transport. Under the directive, minibus taxi operators must now obtain a competency license under stringent conditions. Losing a license carries a penalty of ETB 5,000, while carrying an extra passenger can result in fines of ETB 1,500. For operators already operating on slim margins, the impact is significant. Ayalew Siyoum, Chairman of the Addis Ababa City Minibus Taxi Associations, said drivers earn just ETB 4.50 per passenger for a 2.5 km trip — a total of ETB 50 for a fully loaded 12-seater — while facing rising fuel prices and inflation. “Many drivers are left with no choice but to ask passengers for additional payments or take on extra passengers just to make ends meet,” he said. Ayalew has called for a revision of the fare structure to allow drivers to sustain their livelihoods without resorting to overloading or fare hikes. Balancing Modernisation and Livelihoods The October directive forms part of a ten-year plan to create a reliable, integrated, and safe transport system. However, urban transport expert Birhanu Zeleke (PhD) warned that the sharp increase in penalties disproportionately affects small operators. He believes that while many regulations are intended to benefit the public, the government must also provide financial support measures — including loans and tax-free vehicle imports — alongside awareness and skills training for drivers. Minibus operators are particularly vulnerable. Many vehicles are over 30 years old and prone to frequent breakdowns. Without clear guidance or financial assistance, meeting modernisation requirements could force some operators out of business. One anonymous driver in Megenagna expressed fears about vehicle shortages, saying, “We do not feel secure. Even the vehicles we have are insufficient for the community, especially if we were to remove about half of them.” Ayalew has urged the government to treat minibus drivers like homeowners affected by urban redevelopment — offering targeted assistance for vehicle upgrades. He also proposed prioritising minibus drivers during fuel shortages, including setting dedicated refuelling time slots, to keep essential transport services running without interruption. Public-Private Partnerships and Electric Mobility Transport stakeholders argue that public-private partnerships could play a critical role in this transition, particularly in promoting electric minibuses and building local assembly and maintenance capacity. Industry players also recommend that operators collaborate to share best practices, improve customer service, and explore innovative service models that maintain affordability while boosting efficiency. The Road Ahead: Fast Bus Network by 2026 According to the city’s transport strategy, a new rapid bus service will launch in 2018 Ethiopian Calendar (2025/26 Gregorian Calendar), beginning with a high-speed route from Jemo to Kerera. Within two years, Addis Ababa is expected to operate a dedicated bus rapid transit (BRT) system that will replace traditional taxis on key corridors. For now, however, the challenge lies in managing a complex transition — balancing the modernisation of an outdated transport fleet with the economic realities facing operators, and ensuring that commuters continue to have access to affordable, reliable transport.

Ethiopian Airlines Signs AfDB Pact for $10 Billion— CEO’s Absence Raises Succession Questions

Ethiopian Airlines Signs AfDB Pact for $10 Billion— CEO’s Absence Raises Succession Questions Ethiopian Airlines has advanced its ambitious plan to build the $10 billion Abusera International Airport by securing the African Development Bank’s (AfDB) commitment to mobilize the majority of the financing. The mega-hub, to be built near Bishoftu—40 kilometers southeast of Addis Ababa—will be one of the world’s largest airports, with an annual capacity of over 110 million passengers once completed. The agreement was signed in Addis Ababa by Ethiopian Airlines Chief Commercial Officer (CCO) Lemma Yadecha and AfDB President Dr. Akinwumi Adesina. The signing was witnessed by Board Chairman and Ethiopian Air Force Commander Lt. Gen. Yilma Merdasa and Finance Minister Ahmed Shide. Conspicuously absent was CEO Mesfin Tasew, whose nonappearance at such a milestone event has drawn attention across Ethiopia’s business and aviation sectors. No official reason for his absence was given, but it has fueled industry chatter about possible leadership transitions at Africa’s largest carrier. Financing the Mega-Hub Under the agreement, AfDB will coordinate efforts to secure 80% of the project’s cost from international financial institutions, while Ethiopian Airlines will contribute the remaining 20% from its own resources. Planned to be built in two phases over a 3,975-hectare site, the Abusera airport aims to alleviate pressure on Addis Ababa Bole International Airport, which already operates far above its original capacity of 12 million passengers per year. Once operational, the new facility is expected to position Addis Ababa as one of the most competitive transit points globally, challenging Gulf hubs like Dubai and Doha, as well as European gateways such as Istanbul and Frankfurt. A Rising Figure at the Forefront The spotlight at the ceremony fell squarely on Lemma Yadecha, who not only signed the agreement but also addressed stakeholders on the project’s transformative potential. Over the past year, Yadecha has increasingly represented Ethiopian Airlines in major negotiations, high-profile partnerships, and industry conferences, raising speculation that the airline may be grooming him for a future CEO role. Profile: Lemma Yadecha Joined Ethiopian Airlines: September 6, 1999, as Marketing Agent Career Progression: Served in multiple managerial roles, including Lead Central Reservation Control Agent, Supervisor of Central Reservation Control and Revenue Management, and Area Manager for Burkina Faso, Malaysia, and France. Senior Leadership Roles: Appointed Director of the Global Call Center in December 2017, Acting Managing Director of Ethiopian International Services in September 2019. Became Chief Commercial Officer in April 2022. Academic Background: Holds a BSc in Civil Engineering and an MSc in Geotechnical Engineering from Addis Ababa University, and an MSc in Integrated Marketing Communication from the University of Mississippi. Industry observers note that Ethiopian’s leadership grooming pattern often places operational and commercial executives in the public spotlight before transitioning them into the top role. Former CEO Tewolde Gebremariam’s own path to leadership followed a similar trajectory. Balancing Growth with Social Impact Ethiopian Airlines also announced a $350 million resettlement and livelihood program to relocate and support 2,500 farmers living in the project area. The package includes housing, workplaces, and infrastructure to minimize the social and economic impact of the airport’s construction. A Defining Decade Ahead Construction is scheduled to begin in the Ethiopian fiscal year 2018 E.C. (2025/26 G.C.), with the first phase expected to bring substantial capacity online years before final completion. Once fully operational, Abusera International Airport is projected to redefine Ethiopia’s role in global aviation. Whether Mesfin Tasew will continue to steer the airline through the project’s execution—or whether leadership will transition to a new generation—remains to be seen. For now, Lemma Yadecha’s growing visibility and decades-long track record position him as one of the most influential figures shaping Ethiopian Airlines’ next chapter.