Ethiopia’s $30M Arms Export Claim: A Rising Power or an Overstated Achievement?

Ethiopia’s $30M Arms Export Claim: A Rising Power or an Overstated Achievement? Addis Ababa, Ethiopia – Ethiopia has officially joined the ranks of Africa’s top arms exporters, with Prime Minister Abiy Ahmed announcing that the country has already earned at least $30 million from weapons sales. This declaration places Ethiopia behind South Africa ($48 million) and Egypt ($41 million) while surpassing Morocco ($21 million) and Nigeria ($3 million) in reported arms exports. During a visit to the Homicho Arms Manufacturing Industry near Ambo town in the Oromia region, Abiy emphasized that the country has successfully established its own light to heavy weapons and ammunition production capabilities. “Ethiopia is a big country. It is necessary to ensure that it can protect itself and pass on its wealth to its children,” the Prime Minister stated. The factory, which started taking shape in 2015 after Ethiopia was forced to buy ammunition in 2014, has now become a cornerstone of the country’s self-reliance strategy. “We had an assessment that if Ethiopia does not build such strategic capabilities, anyone can come and attack it,” Abiy explained. Ethiopia’s Place in Africa’s Arms Market If Ethiopia’s figures hold, the country would be ranked third in Africa in terms of arms export revenue: While South Africa remains the dominant arms exporter on the continent, Ethiopia’s entry into the top three is significant. South Africa has been exporting military hardware for decades, with a well-established arms industry that supplies over 30 African nations. Egypt, similarly, has a state-backed military-industrial complex that has developed small arms, armored vehicles, and munitions for years. Morocco and Nigeria have been increasing their local production, but their earnings remain much lower. Nigeria’s ProForce, for example, has recently signed its first European arms export deal with Belarus, but the country still primarily imports weapons rather than exporting them. Questioning Ethiopia’s Claims Despite the bold announcement, questions remain about Ethiopia’s actual role in the global arms trade. Where Are the Buyers? – Unlike South Africa and Egypt, which have well-documented export partners, Ethiopia has not disclosed which countries are purchasing its weapons. The absence of transparency raises questions about the scale and legitimacy of the sales. What Kind of Arms? – Ethiopia’s domestic production capabilities are still relatively young. While the country has successfully developed ammunition and small arms, it is unclear whether it exports advanced weaponry such as drones, armored vehicles, or missile systems—categories that typically drive higher revenue. Sustainability of Production – Given Ethiopia’s recent civil conflict, has the country truly built an arms industry capable of sustained exports? Some analysts argue that much of its production has been for domestic use rather than export, and it is uncertain whether Ethiopia can maintain or increase its reported earnings. A Rising Player or a Temporary Claim? Ethiopia’s announcement signals a new ambition in military-industrial development, but without clear buyers and more transparent reporting, skepticism remains about the $30 million claim. For now, Ethiopia is positioning itself as a rising force in African arms exports, but it remains to be seen whether the country can sustain its position or if this claim is an overstatement of its growing but still unproven arms industry.

Ethiopia to Purchase Six Cargo Ships to Enhance Trade and Investment

Ethiopia to Purchase Six Cargo Ships to Enhance Trade and Investment Addis Ababa, February 27, 2017– Ethiopia is set to strengthen its maritime transport capacity with the acquisition of six new cargo ships, the Ethiopian Maritime Transport and Logistics (EMTL) has announced. The move is part of the country’s broader strategy to expand its logistics infrastructure and enhance trade efficiency. According to EMTL, two of the six ships have already been purchased and are currently being prepared for commissioning. These vessels are Ultramax dry bulk carriers, each with a carrying capacity of 62,000 tons, and are expected to significantly improve the country’s ability to transport bulk goods such as grain, minerals, and industrial raw materials. Additionally, an ETU container ship with a capacity of 3,000 to 4,000 containers is included in the new fleet. This container ship will enhance Ethiopia’s ability to manage imports and exports, particularly for manufactured goods and agricultural products, which are key drivers of the nation’s economy. The acquisition aligns with the government’s ongoing efforts to modernize Ethiopia’s logistics and transportation sector, a crucial element in improving international trade competitiveness. A Boost for Ethiopia’s Maritime Transport Sector Ethiopia, a landlocked country, relies heavily on maritime trade through the Port of Djibouti, which serves as its primary gateway for international shipments. Strengthening the national fleet is expected to reduce dependency on foreign shipping lines, lower transportation costs, and improve the efficiency of import and export logistics. The additional ships will also enhance the country’s ability to transport essential commodities and facilitate faster delivery of goods. The remaining four ships are expected to be purchased over the coming years as part of the government’s long-term maritime expansion strategy. The acquisition of new vessels underscores Ethiopia’s commitment to improving its maritime logistics capabilities, supporting industrialization, and fostering economic growth. Current Fleet and Future Outlook At present, Ethiopia operates 10 cargo ships, including the Abay II, which has a carrying capacity of 63,000 tons. The rest of the fleet consists of vessels with capacities ranging between 26,000 and 27,000 tons. With the addition of the newly acquired ships, Ethiopia’s shipping fleet will be significantly strengthened, allowing for increased efficiency in handling cargo and boosting the country’s position in regional trade. The expansion of Ethiopia’s maritime transport fleet comes at a time when the government is prioritizing infrastructure development to support its ambitious economic growth agenda. Investments in the shipping industry are expected to contribute to reducing logistical bottlenecks, attracting foreign investment, and supporting the country’s export-driven industrialization efforts. By enhancing its shipping capacity, Ethiopia aims to establish a more self-reliant and cost-effective logistics system, ultimately improving its global trade position and economic resilience.

NBE’s Draft Directive Could Require Insurance Companies to Hold 40% More Capital

NBE’s Draft Directive Could Require Insurance Companies to Hold 40% More Capital Ethiopia’s financial landscape is set to undergo significant changes as the National Bank of Ethiopia (NBE) proposes a new directive aimed at strengthening the capital adequacy framework for the country’s insurance industry. The draft directive, which could affects both local and reinsurance companies, is designed to bolster the financial resilience of these institutions amid growing market uncertainties. The draft directive has introduced stricter capital requirements for all insurance companies and a new framework for assessing capital adequacy ratios (CAR). The policy prescribes varying minimum paid-up capital requirements based on the type of business. Non-life insurance companies must maintain a minimum of Birr 400 million, while reinsurance companies are required to meet a threshold of Birr 500 million. Life insurance companies, on the other hand, must meet a minimum capital requirement of Birr 100 million. The directive further stipulates that insurance companies must maintain a solvency capital requirement (SCR) representing a CAR of 150% and a minimum capital requirement (MCR) of 100%. This means that companies will need to ensure their capital resources consistently exceed the set thresholds to protect policyholders and safeguard their financial health. Licensing and Supervision of Insurance Business This new draft directive, Insurance Risk-Based Capital Directive No. SIB/–/2025, underscores the National Bank’s commitment to enhancing the transparency and stability of the Ethiopian insurance sector. It establishes clear guidelines for the licensing and supervision of insurance businesses, reinforcing the importance of financial soundness and proper risk management. The directive emphasizes that it is essential for the NBE to receive relevant, reliable, and timely financial and non-financial information from insurance companies to assess their financial stability, managerial effectiveness, and overall performance on an ongoing basis. The NBE further stresses that ensuring appropriate capital levels is critical not only for the financial health of insurance companies but also for the protection of policyholders. As stipulated by the directive, it is the ultimate responsibility of the Board and Senior Management of each insurance company to ensure that their institutions maintain a capital adequacy level that is commensurate with their risk profiles. The policy holds companies accountable for their own financial strength and stability, requiring proactive measures to meet these heightened capital standards. A Two-Tier Capital Structure In a move designed to enhance the sector’s ability to withstand market fluctuations and insurance risks, the directive introduces a two-tier system for capital. The Tier 1 capital represents the highest quality, most loss-absorbent, and permanent form of capital, while Tier 2 capital includes components like fair value reserves and insurance finance reserves. The NBE has laid out clear limits on how much Tier 2 capital can be used to meet both the Minimum Capital and Solvency Capital Requirements. The focus on robust capital allocation is part of a wider effort to cushion insurance companies against a range of risks, including insurance, market, credit, and operational risks. To do so, the policy requires companies to maintain separate capital reserves for various risks, such as fluctuations in premium reserves, claims reserves, and catastrophic risks. The risk-based capital requirement will reflect the nature of these risks, with insurance companies needing to hold capital proportional to the exposure in each area. Higher Standards for Risk Management The new directive also places a stronger emphasis on managing operational, credit, and market risks. For instance, insurance companies will now need to meet specific capital charges for equity, property, and foreign currency risks. This new approach aims to mitigate potential losses resulting from market volatility and counterparty defaults. Additionally, the policy introduces an operational risk capital requirement, reflecting the growing importance of safeguarding against internal disruptions, such as system failures and management errors. Enforcement and Compliance The NBE has signaled a zero-tolerance stance for non-compliance. Insurance companies that fail to meet the new capital requirements could face a range of regulatory actions, from mandatory recovery plans to a complete revocation of their operating license. The NBE will regularly assess the financial health of insurance companies, requiring them to submit their Capital Adequacy Ratios within set deadlines to ensure ongoing compliance. A Bold Step Towards Financial Stability The NBE’s directive is a bold and necessary step toward reinforcing the integrity of Ethiopia’s financial sector. By establishing clear capital adequacy requirements, the policy aims to protect both insurers and their clients from financial volatility, helping the sector stay resilient in the face of both domestic and global challenges. The initiative comes at a critical time as the country continues to focus on strengthening its economic framework and ensuring the sustainable growth of its financial institutions.

Commercial Bank of Ethiopia Revises Loan Interest Rates

Commercial Bank of Ethiopia Revises Loan Interest Rates Addis Ababa, Ethiopia – March 4, 2025 – The Commercial Bank of Ethiopia (CBE) has announced adjustments to its loan interest rates, effective March 7, 2025. The changes are part of broader financial sector reforms aimed at aligning lending practices with market conditions, improving financial inclusion, and ensuring the long-term sustainability of Ethiopia’s banking industry. Overview of the Adjustments The revised interest rates apply to a range of loan categories, including commercial, agricultural, residential, and personal loans. The bank states that these adjustments are designed to maintain competitiveness while supporting borrowers across different sectors. The new rates aim to reflect market trends, enhance accessibility, and provide businesses and individuals with more flexible financing options. Key Changes in Loan Interest Rates Agricultural Loans: Short-term and long-term financing: 16.50% Includes loans for fertilizer procurement and mechanized farming investments. Short-term and long-term financing: 16.50% Includes loans for fertilizer procurement and mechanized farming investments. Commercial Loans: Medium-term loans: 18.00% Short-term loans: 15.50% Overdraft facilities and trade financing solutions included in the revised rates. Medium-term loans: 18.00% Short-term loans: 15.50% Overdraft facilities and trade financing solutions included in the revised rates. Residential Condominium Loans: 40/60 financing scheme: 12.00% 20/80 scheme: 12.00% 10/90 scheme: 15.50% Applicable to newly constructed and pre-existing condominium housing units. 40/60 financing scheme: 12.00% 20/80 scheme: 12.00% 10/90 scheme: 15.50% Applicable to newly constructed and pre-existing condominium housing units. Export Sector Loans: Adjusted to 17.00% to promote the competitiveness of Ethiopian exports. Includes financing for pre-shipment and post-shipment activities. Adjusted to 17.00% to promote the competitiveness of Ethiopian exports. Includes financing for pre-shipment and post-shipment activities. Personal Loans: Mortgage loans: 12.00% Vehicle loans: 14.00% Personal loans for employees of foreign currency-generating organizations: 7.00% Consumer loans tailored to meet individual financial needs. Mortgage loans: 12.00% Vehicle loans: 14.00% Personal loans for employees of foreign currency-generating organizations: 7.00% Consumer loans tailored to meet individual financial needs. Strategic Objectives and Market Impact The CBE has indicated that the interest rate adjustments are part of ongoing efforts to optimize credit accessibility while maintaining financial sustainability. The move is expected to ease borrowing costs for priority sectors, such as agriculture, trade, and housing, while ensuring responsible lending practices. The bank has also highlighted additional measures to improve efficiency, including reducing administrative costs, enhancing digital banking services, and streamlining lending procedures. These steps align with Ethiopia’s broader financial sector reforms, which aim to foster a competitive and modern banking industry capable of attracting local and international investment. Economists have noted that while these adjustments may increase borrowing in key sectors, the impact will depend on market demand and the overall economic climate. The private sector, particularly small and medium-sized enterprises (SMEs), is expected to benefit from lowered lending rates in specific categories, potentially driving business growth and job creation. Sector Developments and Future Outlook Ethiopia’s financial sector is undergoing policy shifts to encourage investment and modernize banking operations. The government has been working on various initiatives, including expanding financial access, encouraging digital banking adoption, and opening up the banking industry to foreign investors. The CBE’s interest rate adjustments reflect these broader economic strategies, ensuring that financial services remain adaptable to changing market conditions. With Ethiopia’s banking sector evolving, the role of state-owned banks like CBE remains crucial in facilitating credit access and supporting economic development. Industry experts suggest that further policy reforms and macroeconomic stability will be key factors in determining the long-term impact of these rate adjustments. As financial markets continue to develop, businesses and individuals are encouraged to stay informed on how evolving banking policies affect their financial decisions. The bank encourages customers to visit its branches or official website for detailed information regarding the revised loan terms and conditions. For further updates on Ethiopia’s banking sector and economic developments, stay informed with the latest reports. 2 COMMENTS Mengistu Tadesse March 5, 2025 At 12:23 pm Thank You Very Much! Short Question: Foreign Currency Generating Company employees – personal loan IR 7%, does it include mortgage and vehicle? The Foreign Currency Generating Company by itself short term, medium & long-term loan interest rate, how many? Thank You again! Thank You Very Much! Short Question: Foreign Currency Generating Company employees – personal loan IR 7%, does it include mortgage and vehicle? The Foreign Currency Generating Company by itself short term, medium & long-term loan interest rate, how many? Thank You again! Anonymous March 5, 2025 At 12:28 pm This is not the revised rate; it is the current interest rate. Please verify before sharing and update the rates, as this is misleading This is not the revised rate; it is the current interest rate. Please verify before sharing and update the rates, as this is misleading Comments are closed.

New International Convention Center in Addis Ababa Ready for Official Opening Today

New International Convention Center in Addis Ababa Ready for Official Opening Today Addis Ababa, Ethiopia – The grand opening of the New International Convention Center today marks a major milestone in Ethiopia’s efforts to establish itself as a premier destination for global business events, conferences, and exhibitions. Situated on 40 hectares of prime land, the center is designed to accommodate a diverse range of events, from corporate gatherings to cultural festivals, significantly enhancing the country’s hospitality and tourism sectors. With cutting-edge infrastructure, the center aims to foster both local and international collaboration, offering world-class facilities for those attending major events. It is positioned to become the largest conference facility in Ethiopia and one of the most expansive in East Africa, bolstering the country’s standing in the international events and conventions industry. Key Specifications of the New International Convention Center: Total Area: 40 hectares of land Conference Halls: Two large halls with a capacity of 3,000 to 4,000 people each Eight small and medium-sized meeting halls with a total capacity of up to 10,000 people Two large halls with a capacity of 3,000 to 4,000 people each Eight small and medium-sized meeting halls with a total capacity of up to 10,000 people Accommodation: Two hotels with a combined capacity of 1,000 beds Two hotels with a combined capacity of 1,000 beds Exhibition Spaces: Outdoor exhibition area capable of hosting up to 50,000 people Two amphitheaters designed for outdoor events and performances 2 hectares of outdoor exhibition space Outdoor exhibition area capable of hosting up to 50,000 people Two amphitheaters designed for outdoor events and performances 2 hectares of outdoor exhibition space Commercial Facilities: Two shopping malls A variety of restaurants, commercial shops, banks, and other service providers Two shopping malls A variety of restaurants, commercial shops, banks, and other service providers Parking Capacity: The facility is equipped to accommodate thousands of vehicles, providing ample parking for event attendees Strategic Location: Located adjacent to Lemi Park, the second-largest square in Addis Ababa after Meskel Square The center’s modern infrastructure is paired with a prime location, strategically adjacent to Lemi Park, which offers a serene yet accessible environment for both business professionals and visitors. This proximity to one of the city’s largest public spaces also contributes to the convention center’s role in further enhancing the city’s vibrancy and economic activity. The New International Convention Center is set to host a variety of events, ranging from corporate conferences and international trade fairs to cultural exhibitions and live performances. The flexible design of the venue ensures it can cater to different types of gatherings, with options for both large-scale events and more intimate business meetings. Why This Matters for Ethiopia: The opening of the center is expected to significantly boost Ethiopia’s position in the global event-hosting market. By attracting international conferences and exhibitions, the center will drive tourism, create new business opportunities, and provide a platform for local industries to showcase their products and services. It will also play a crucial role in fostering economic growth, offering a venue that can accommodate both public and private sector events, thereby attracting investors, businesses, and entrepreneurs from around the world. The Mayor’s Office has expressed optimism that the center will become a key asset to Ethiopia’s tourism strategy, facilitating long-term economic benefits through increased international exposure and greater opportunities for collaboration. With its expansive capacity and state-of-the-art facilities, the New International Convention Center is poised to become a flagship venue for the region and beyond, enhancing Ethiopia’s reputation as a leading destination for world-class events. The New International Convention Center is not only a testament to Ethiopia’s growing infrastructure capabilities but also an investment in the nation’s future as a central hub for global business and cultural exchange. The facility is expected to make a lasting impact on both the local economy and Ethiopia’s international standing. 2 COMMENTS Ittu Aba Farda March 2, 2025 At 4:19 am Hello Dear Countrymen!!!! You know me by now that I have nothing but love for you. I am here to let you hear from me something that is very special for me both as your dear countryman but also as a man of color. That story and the day I am sharing with you is that glorious day etched in stone never to be concealed or left forgotten. It is that day that sends megawatt volts of pride all over my high mileage body every time I think or read about it. It is that glorious day, that day my and your grandparents marched into the hills, ravines and fields of Adwa knowing that it would be their last day on this good earth. They did that because no one had to tell them that it was their Allah given rights to defend their Allah bestowed domiciles from murderous bigots. No one had to tell them that heavily armed ‘KKK thugs’ were there to shoot and hang every ‘ni..er’ in sight. They were in complete understanding that the enemy they were facing at that place on that day behooves them to be calculating and also well prepared. They understood very well that a vast network of intelligence must be in place to play that heathen on their doorstep. And they played him very, very well. It was written that the mad as hell patriotic chief from Tigrai was sending ‘secret’ messages to Baratieri his intention to defect to his side and he was waiting for the Italian chief to fire the first shot. It was also written about the ‘secret’ messages the emperor’s cousin Mekonen along with chiefs Haimanot and Mika-il(Ali) were urging him to come and kill their common enemy, the emperor. It was written that they were ‘telling’ Baratieri that the emperor army is getting thinner and fewer by the day that he was thinking about cutting and run for his life. They pondered!!! They lured!!! They lured and lured the monster from Rome until he was well inside their compound. When their single and double envelopment war plan was firmly on the ground they lured him again to fire the first shot. Dabormida might have sent a message to his wife that the very next day he would shoot a photo of him surrounded and being served by 3,000 ‘n…ers’. What he did not know was the fact my Barentu ‘grand uncle’ and his Amhara, Tigrai and many other ethnic groups were watching his every move and primed to show him and his partners-in-crime how lethal an Ethiopian could be when his pride is touched by outsiders and ready to teach him a lesson or two how to conduct a conventional warfare Alula style, Mekonnen style, Taytu style, Haimanot style, Mika-il(Ali) style, Balcha style, Dinagde style leaving him no counteroffensive option! None! None except for Baratieri to cut and run like a scared witless rabbit or rather like a high noon bank robber chased by blood smelling vigilante mob!!!! But for my ni..gg..az information or rather misinformation was part of the game. You think that misinformation was started by KGB and CIA during the cold war. No!!! It was my and your grandparents who perfected and used it from the bottom of the deck to their advantage. They painted themselves as if they were deserted, far and few when their rank was swelling by the day!!! They presented themselves as people who love to run naked or half naked and did not have any clue what warfare is or how it was supposed to be conducted as an organized army. They even sent him fattened cattle, honey and milk to make him think they were still like his Neanderthals ancestors who were incapable of distinguishing friends from enemies. By now the Baratieri’s ego was so built up and emboldened by the news of potential desertion at the outset of war ordered the commencement of the battle. But his worst nightmare was awaiting him. His worst nightmare, a ni..g.a with a Hotchkiss gun on his lap was all around him even before finishing his recital to the Roman gods. He could hear that thunderous scream of that fire spitting woman named Taytu admonishing those soldiers of the fainted hearts who tried to withdraw prematurely from the battle fronts!!!! He could hear her telling them that she did not bring enough skirt for them to wear when they go back to their villages!!!! And he could hear them telling that roaring Taytu like ‘Don’t talk to me like that, woman! I am going back!’ Baratieri saw those incensed men turning into killing machines, their fainted hearts gone in a flash!!! Now the earth and sky were laminated all around him with little leeway for folding back or escape. Now my Barentu grand cousin and his comrades in arms started playing the complicated Mancala game in the middle of the battle. On one of their moves they led the arrogant Dabormida and his entire battalion plus army right into the welcoming arms of my Barentu grand cousins. When the carnage was over Dabormida was dying squealing like untidy pig. Now arch angels Jibril and Mika-il were in the mix. They were in the mix because that land of Maryam Magdalene and Bilal ibn Rabah was being desecrated by ruffians. They were in the mix because that land and its people were put together there by Allah at the beginning of times no matter the numerous and unabated travesties they had to go through. It is because it was the land where the two major religions, Christianity and Islam, had taken foothold there without the need of an all out battle. The battle Baratieri started on that day did not even last the entire length of the daylight. For intents and purposes it was over by the mid day. At 12 high noon, it was over. Now Baratieri turned around and ran like a scared deer from the Chercher Mountains!!! One of my grand cousins along with his Tigrayan and Amhara friends were in hot pursuit after him. But his horse was still fresh and not like their battle fatigued ones. But they stood on top of one the hills and told him who he really was. Oh Boy!!!! They were telling him using all kinds of words in their profane dictionary. No, I am not telling you what they yelled at him. No, no this is a family show. But I can tell you one so mildly. All three of them thundered at him like ‘You, the son of a thousand biscuits!!!!’ It seems he heard it all slammed into his bigoted ears carried by the drifting wind. How do I know that? You may ask. That is because I was teleported to that day!!!! I saw that thunderous lady Taytu telling off the retreating soldiers!!! You should all read more about her. Now some of you misogynistic pigs may doubt her role just because she was a woman. I highly suggest that you don’t say that around Lia bin Tadesse, Alemtsehay bint Wodajo, Birtukan bint Mideksa, Meaza bint Ashenafe, Muferiat bint Kamil, Aisha bint Mohammed bin Mussa and others in their posse who have been giving chauvinists like you that deadly stare of death. For now this high mileage, beyond-repair Afro-Ethio-centric n..ga has been having a serious bout of an attitude since this morning!!!!! Hello Dear Countrymen!!!! You know me by now that I have nothing but love for you. I am here to let you hear from me something that is very special for me both as your dear countryman but also as a man of color. That story and the day I am sharing with you is that glorious day etched in stone never to be concealed or left forgotten. It is that day that sends megawatt volts of pride all over my high mileage body every time I think or read about it. It is that glorious day, that day my and your grandparents marched into the hills, ravines and fields of Adwa knowing that it would be their last day on this good earth. They did that because no one had to tell them that it was their Allah given rights to defend their Allah bestowed domiciles from murderous bigots. No one had to tell them that heavily armed ‘KKK thugs’ were there to shoot and hang every ‘ni..er’ in sight. They were in complete understanding that the enemy they were facing at that place on that day behooves them to be calculating and also well prepared. They understood very well that a vast network of intelligence must be in place to play that heathen on their doorstep. And they played him very, very well. It was written that the mad as hell patriotic chief from Tigrai was sending ‘secret’ messages to Baratieri his intention to defect to his side and he was waiting for the Italian chief to fire the first shot. It was also written about the ‘secret’ messages the emperor’s cousin Mekonen along with chiefs Haimanot and Mika-il(Ali) were urging him to come and kill their common enemy, the emperor. It was written that they were ‘telling’ Baratieri that the emperor army is getting thinner and fewer by the day that he was thinking about cutting and run for his life. They pondered!!! They lured!!! They lured and lured the monster from Rome until he was well inside their compound. When their single and double envelopment war plan was firmly on the ground they lured him again to fire the first shot. Dabormida might have sent a message to his wife that the very next day he would shoot a photo of him surrounded and being served by 3,000 ‘n…ers’. What he did not know was the fact my Barentu ‘grand uncle’ and his Amhara, Tigrai and many other ethnic groups were watching his every move and primed to show him and his partners-in-crime how lethal an Ethiopian could be when his pride is touched by outsiders and ready to teach him a lesson or two how to conduct a conventional warfare Alula style, Mekonnen style, Taytu style, Haimanot style, Mika-il(Ali) style, Balcha style, Dinagde style leaving him no counteroffensive option! None! None except for Baratieri to cut and run like a scared witless rabbit or rather like a high noon bank robber chased by blood smelling vigilante mob!!!! But for my ni..gg..az information or rather misinformation was part of the game. You think that misinformation was started by KGB and CIA during the cold war. No!!! It was my and your grandparents who perfected and used it from the bottom of the deck to their advantage. They painted themselves as if they were deserted, far and few when their rank was swelling by the day!!! They presented themselves as people who love to run naked or half naked and did not have any clue what warfare is or how it was supposed to be conducted as an organized army. They even sent him fattened cattle, honey and milk to make him think they were still like his Neanderthals ancestors who were incapable of distinguishing friends from enemies. By now the Baratieri’s ego was so built up and emboldened by the news of potential desertion at the outset of war ordered the commencement of the battle. But his worst nightmare was awaiting him. His worst nightmare, a ni..g.a with a Hotchkiss gun on his lap was all around him even before finishing his recital to the Roman gods. He could hear that thunderous scream of that fire spitting woman named Taytu admonishing those soldiers of the fainted hearts who tried to withdraw prematurely from the battle fronts!!!! He could hear her telling them that she did not bring enough skirt for them to wear when they go back to their villages!!!! And he could hear them telling that roaring Taytu like ‘Don’t talk to me like that, woman! I am going back!’ Baratieri saw those incensed men turning into killing machines, their fainted hearts gone in a flash!!! Now the earth and sky were laminated all around him with little leeway for folding back or escape. Now my Barentu grand cousin and his comrades in arms started playing the complicated Mancala game in the middle of the battle. On one of their moves they led the arrogant Dabormida and his entire battalion plus army right into the welcoming arms of my Barentu grand cousins. When the carnage was over Dabormida was dying squealing like untidy pig. Now arch angels Jibril and Mika-il were in the mix. They were in the mix because that land of Maryam Magdalene and Bilal ibn Rabah was being desecrated by ruffians. They were in the mix because that land and its people were put together there by Allah at the beginning of times no matter the numerous and unabated travesties they had to go through. It is because it was the land where the two major religions, Christianity and Islam, had taken foothold there without the need of an all out battle. The battle Baratieri started on that day did not even last the entire length of the daylight. For intents and purposes it was over by the mid day. At 12 high noon, it was over. Now Baratieri turned around and ran like a scared deer from the Chercher Mountains!!! One of my grand cousins along with his Tigrayan and Amhara friends were in hot pursuit after him. But his horse was still fresh and not like their battle fatigued ones. But they stood on top of one the hills and told him who he really was. Oh Boy!!!! They were telling him using all kinds of words in their profane dictionary. No, I am not telling you what they yelled at him. No, no this is a family show. But I can tell you one so mildly. All three of them thundered at him like ‘You, the son of a thousand biscuits!!!!’ It seems he heard it all slammed into his bigoted ears carried by the drifting wind. How do I know that? You may ask. That is because I was teleported to that day!!!! I saw that thunderous lady Taytu telling off the retreating soldiers!!! You should all read more about her. Now some of you misogynistic pigs may doubt her role just because she was a woman. I highly suggest that you don’t say that around Lia bin Tadesse, Alemtsehay bint Wodajo, Birtukan bint Mideksa, Meaza bint Ashenafe, Muferiat bint Kamil, Aisha bint Mohammed bin Mussa and others in their posse who have been giving chauvinists like you that deadly stare of death. For now this high mileage, beyond-repair Afro-Ethio-centric n..ga has been having a serious bout of an attitude since this morning!!!!! Jalals March 2, 2025 At 10:22 pm With a regime inflaming conflicts throughout the country, no tourists will be coming to Ethiopia. A tribal system that Abiy embraces will take the country back not forward. With a regime inflaming conflicts throughout the country, no tourists will be coming to Ethiopia. A tribal system that Abiy embraces will take the country back not forward. Comments are closed.

Addis Ababa City Administration Introduces New System for VAT Taxpayers to File Monthly Returns

Addis Ababa City Administration Introduces New System for VAT Taxpayers to File Monthly Returns The Addis Ababa City Administration Revenue Bureau has announced the introduction of a new system for over 62,000 VAT taxpayers, designed to enhance VAT service delivery and provide more efficient services. According to the bureau, there are over 62,000 VAT taxpayers in Addis Ababa, and many of them tend to file their returns on the last days of the month. This creates significant pressure on service delivery. Additionally, the existing system has led to difficulties for taxpayers, including penalties due to congestion and internet outages during peak filing times at the end of the month. The bureau also pointed out that the previous system hindered the proper and thorough verification of information provided by VAT registrants, which led to inaccurate decision-making, malpractices, and even fraud. To address these challenges, the new VAT filing schedule will take effect starting February. Under the new system, VAT registrants—whether individuals or organizations—will file their returns according to the following schedule based on the first letter of their names: Names starting with A-G: First week of the month Names starting with H-N: Second week of the month Names starting with O-T: Third week of the month Names starting with U-Z: Fourth and final week of the month In the 2025 fiscal year alone, the Addis Ababa City Administration Revenue Bureau registered 8,540 businesses that were previously not required to register for VAT.

Ethiopia’s Bitcoin Mining Boom: The Cheapest in the World, But at What Cost?

Ethiopia’s Bitcoin Mining Boom: The Cheapest in the World, But at What Cost? Key Findings Mining 1 Bitcoin in Ethiopia costs approximately $1,986, making it one of the most profitable locations for Bitcoin mining. Ethiopia ranks 2nd globally in terms of cost-effectiveness for Bitcoin mining, just behind Iran. Miners in Ethiopia could produce 161 Bitcoins for the same energy cost required to mine just one Bitcoin in Ireland ($321,112). Bitcoin mining in Ethiopia benefits from low electricity costs due to government subsidies and an abundance of hydroelectric power. While electricity costs are favorable, regulatory uncertainty and internet reliability present challenges for miners in Ethiopia. In contrast, countries like Ireland and Belgium have extremely high mining costs due to higher electricity prices, carbon taxes, and reliance on imported energy. Ethiopia may not be fully benefiting from its cheap mining costs, as it risks losing value from its resources without proper regulation and taxation. How Much Electricity is Needed to Mine 1 Bitcoin After the 2024 Halving? The amount of energy required to mine one Bitcoin remains high, increasing costs depending on local electricity prices. On average, mining 1 BTC consumes around 6,400,000 kilowatt-hours (kWh) of electricity. This is equivalent to: Powering 61 U.S. homes for a full year. Driving a Tesla Model 3 around the Earth 86 times. Bitcoin mining has become more energy-intensive over time, particularly after the 2024 halving, which reduced the mining reward and increased competition. This means that cost-efficient electricity is crucial for miners to remain profitable. How Much Does it Cost to Mine 1 Bitcoin in Ethiopia? Ethiopia’s $1,986 per Bitcoin mining cost is among the lowest in the world, thanks to hydroelectric power and government-controlled energy prices. This makes Ethiopia an attractive destination for Bitcoin miners, especially when compared to countries with high electricity costs. For context: Mining in Ethiopia ($1,986) is 54 times cheaper than in the United States ($107,000). It is 161 times cheaper than in Ireland ($321,112), the world’s most expensive country for Bitcoin mining. Even within Africa, Ethiopia ranks as one of the most cost-effective locations, beating Libya ($5,296) and Nigeria ($9,269). Why is Bitcoin Mining More Expensive in Countries Like Ireland and Belgium? Countries like Ireland and Belgium face high Bitcoin mining costs due to several factors: High Electricity Prices: These countries rely on expensive energy sources, including natural gas and imported electricity, leading to higher costs per kilowatt-hour. Carbon Taxes: The European Union imposes strict environmental regulations and carbon taxes, making energy more expensive. Energy Import Dependence: Unlike Ethiopia, which generates most of its electricity from renewable hydroelectric sources, countries like Belgium and Ireland depend on imports, making energy prices volatile and costly. Limited Government Support for Mining: Some European governments discourage Bitcoin mining due to its high energy consumption and environmental impact. Is Ethiopia Losing Out on Bitcoin Mining Profits? While Ethiopia offers some of the lowest mining costs, the country may not be fully benefiting from its natural resources. Minimal Revenue Capture: Ethiopia’s cheap electricity largely benefits miners, many of whom may be operating without proper taxation or reinvestment in the local economy. Potential for Export Revenue Loss: Hydroelectric power that could be sold to neighboring countries or used for industrial growth is instead being used for mining without clear economic returns. Lack of Crypto Regulations: Ethiopia has no well-defined regulatory framework to capitalize on Bitcoin mining revenue through taxation or licensing fees. Electricity Infrastructure Strain: If mining operations expand without government oversight, they could strain the grid, leading to power shortages for other sectors. To maximize benefits, Ethiopia could explore: Implementing a mining tax or electricity premium for miners to ensure national revenue gains. Encouraging reinvestment in local industries to ensure Bitcoin profits benefit the Ethiopian economy. Developing clearer regulations to attract reputable investors while controlling illegal mining operations. The Global Bitcoin Mining Landscape: How Does Ethiopia Compare? While Ethiopia enjoys some of the lowest mining costs, profitability is not just about electricity prices. The global landscape is shifting as miners relocate to cheaper regions. Top 10 Most Profitable Countries for Bitcoin Mining Top 10 Least Profitable Countries for Bitcoin Mining Ethiopia is one of the most profitable places in the world to mine Bitcoin, thanks to low electricity costs driven by renewable energy sources. However, the country must carefully consider whether its cheap energy policies are truly benefiting its economy. To maximize national benefits, Ethiopia should consider implementing mining taxes, regulating the industry, and ensuring miners reinvest locally. Otherwise, the country risks missing out on significant economic opportunities while providing ultra-low-cost energy for external Bitcoin profits. This study used electricity cost data from globalpetrolprices.com (December 2023), as well as mining hardware efficiency data from the CoinWarz Bitcoin calculator. The average mining electricity consumption was calculated using 8 high-performance mining rigs, considering an estimated mining difficulty level of 89,471,664,776,971. Sources: GlobalPetrolPrices.com (December 2023) CoinWarz Bitcoin Calculator Ethiopian Electric Power (EEP) Data Reports Cambridge Bitcoin Electricity Consumption Index (CBECI)

There Are 616 Ethiopian Restaurants in the U.S : A State-by-State Breakdown

There Are 616 Ethiopian Restaurants in the U.S : A State-by-State Breakdown Ethiopian cuisine has firmly established its presence in the United States over the past few decades. Known for its flavorful wot (stews) served atop injera – a tangy, spongy flatbread made from the grain teff that doubles as both plate and utensil 0 – Ethiopian dining offers a unique communal experience. Diners traditionally share a large platter, tearing off pieces of injera to scoop up bites of richly spiced meats, lentils, and vegetables. The first Ethiopian restaurant in the U.S. opened in 1966 in Long Beach, California 1, marking the beginning of Americans’ introduction to this ancient cuisine. Since then, Ethiopian restaurants have spread to numerous cities across the country, becoming beloved establishments in many urban dining scenes. Growth of Ethiopian Restaurants The growth of Ethiopian restaurants in America closely follows patterns of immigration and cultural exchange. Significant Ethiopian immigration began in the 1970s, especially after political upheavals in Ethiopia, leading to growing Ethiopian-American communities in cities like Washington, D.C., Los Angeles, and New York 23. Washington, D.C. and its surrounding areas in Virginia and Maryland now host the largest Ethiopian community outside of Africa 4, and Ethiopian cuisine has been a fixture of the D.C. dining scene since the late 20th century 5. As these communities grew, enterprising restaurateurs opened eateries to serve familiar foods to the diaspora and introduce the cuisine to curious locals. What started as a handful of restaurants in the 1960s and 1970s has expanded dramatically: a few years ago there were roughly 350 Ethiopian and Eritrean restaurants nationwide 6, and recent counts indicate there are about 616 Ethiopian restaurants across the United States as of January 2025 7. This represents a remarkable rise in visibility, although Ethiopian cuisine still remains less ubiquitous than some other international cuisines (for context, those ~350 Ethiopian restaurants were fewer than the number of Chinese restaurants in New York City alone) 8. The expansion continues steadily, with more cities each year getting their first Ethiopian restaurant 9 as awareness of the cuisine spreads. State-by-State Breakdown Ethiopian restaurants are not evenly distributed across the U.S. — some states boast dozens of establishments, while others have none. The table below provides a state-by-state breakdown of the number of Ethiopian restaurants in each state (and the District of Columbia). This data is current as of early 2025 and illustrates where Ethiopian cuisine has gained the strongest foothold. Notably, a handful of states (marked with 0) do not yet have any Ethiopian restaurants, highlighting areas where enthusiasts still have to travel out of state to enjoy this cuisine 11. Source: Aggregated counts of Ethiopian restaurants by state, January 2025 .Note: Seven states – Arkansas, Delaware, Montana, New Hampshire, Rhode Island, West Virginia, and Wyoming – have no Ethiopian restaurants as of this data 13. Key States with the Highest Concentration As the table shows, Ethiopian restaurants thrive in certain key states and metro areas. California leads by sheer number, with about 88 Ethiopian restaurants spread across its major cities (from Los Angeles to the Bay Area) 14 . However, the highest concentration is arguably in the Washington, D.C. metropolitan region. The District of Columbia alone counts 33 Ethiopian restaurants 15, and when combined with its neighboring states (Virginia has 50 and Maryland 40) 16 , this area is a true stronghold of Ethiopian cuisine. This correlates with the region’s large Ethiopian immigrant population – the D.C. area is home to the largest Ethiopian community outside of Ethiopia itself 17 , often earning parts of D.C. nicknames like “Little Ethiopia.” Other states with notably high counts include Texas (~55 restaurants, anchored by communities in cities like Dallas and Houston) 18 , Washington State (43, mostly in Seattle and vicinity) 19, and Georgia (31, largely in the Atlanta area) 20 . New York also boasts around 31 Ethiopian restaurants 21, primarily in New York City, reflecting the diverse dining scene of the metro area. Several other pockets of the country have become hubs for Ethiopian food. For instance, Minnesota (30 restaurants) 22 has a significant Ethiopian and East African community in the Minneapolis–Saint Paul area. Nevada, despite its smaller population, hosts 17 Ethiopian restaurants 23 — many of them in Las Vegas, which is known to have a surprisingly vibrant Ethiopian dining scene 24. States like Colorado (29) and Oregon (12) have seen growth as cities like Denver and Portland embrace the cuisine. In general, states with larger Ethiopian-American populations or cosmopolitan food cultures tend to have more restaurants. Besides the D.C. area and California, other notable Ethiopian cuisine hubs include the Seattle-Tacoma region, the greater Los Angeles area, the Dallas-Arlington area, and the Atlanta metro 25 – all places where Ethiopian communities and adventurous eaters support a thriving restaurant scene. Why Ethiopian Cuisine is Gaining Popularity The rising popularity of Ethiopian restaurants in the U.S. can be attributed to several factors. Food lovers are drawn not only to the delicious flavors but also to the distinctive dining style and cultural experience that Ethiopian cuisine offers. Below are some key reasons why Ethiopian food has been gaining a wider audience: Unique communal dining experience: Eating at an Ethiopian restaurant is often a social event. Diners share one large platter and eat with their hands by scooping stew-laden injera. This intimate, communal style of dining creates a fun and engaging atmosphere that many Americans find memorable and enjoyable 26 . Rich flavors and spices: Ethiopian dishes are layered with spices and slow-cooked flavor. A key ingredient is the spice blend berbere – typically containing chili peppers, garlic, ginger, basil, fenugreek, and more – which gives many dishes a fiery complexity 27. For those who love bold, hearty cuisines (akin to Indian or Middle Eastern flavors), Ethiopian food offers a new palette of tastes to explore. Health and dietary appeal: Ethiopian cuisine happens to be very vegetarian- and vegan-friendly due to religious fasting traditions that emphasize plant-based dishes. Staples like lentils, chickpeas, vegetables, and the grain teff (used to make injera) are packed with nutrients. Teff is a gluten-free “super grain” rich in iron, fiber, and protein. These wholesome ingredients cater to modern health-conscious diners and those with dietary restrictions 28 . In an era when many people seek out high-protein grains and vegan protein sources, Ethiopian food fits the bill. Affordability and generosity: Ethiopian restaurants have a reputation for offering generous portions of hearty food at reasonable prices. Historically, in cities like Washington D.C., going out for Ethiopian has been a go-to option for a satisfying, inexpensive meal 29. Sharing a large combo platter among friends or family is not only enjoyable but cost-effective, providing great value for the money. Another factor is the increasing curiosity and openness of American diners to try global cuisines. As Ethiopian restaurants win accolades in local food communities (some have even been featured on food travel shows or earned top ratings on review sites), more people are encouraged to give the cuisine a try. Word-of-mouth and cultural festivals have also introduced Ethiopian food to new audiences. Many first-timers quickly become fans after experiencing the coffee ceremonies, the unique spices, and the warm hospitality often found in Ethiopian establishments. Challenges and Future Outlook Even with the growing popularity, Ethiopian restaurants in the U.S. face certain challenges as they continue to flourish: Cultural barriers and awareness: For many Americans unfamiliar with Ethiopian cuisine, the idea of eating stew with one’s hands using injera can be outside their comfort zone. The unique sour taste of injera and the aromatic berbere spices are acquired tastes for some. This unfamiliarity can be polarizing30, meaning Ethiopian restaurants often have to educate new customers and ease them into the dining style (for example, by providing utensils on request). Niche presence: While major cities have embraced Ethiopian food, it remains less widespread in smaller towns and certain regions. Compared to cuisines like Chinese, Italian, or Mexican, Ethiopian cuisine is still a niche in America. In fact, not long ago, all the Ethiopian/Eritrean restaurants in the country combined were fewer than the number of Chinese restaurants in New York City alone 31. This means there’s room to grow, but also that Ethiopian restaurants may struggle with limited mainstream familiarity outside urban centers. Business challenges: Running any restaurant is tough. Around 25% of new restaurants fail within their first year, and about 60% close by their third year 32. Ethiopian restaurants are no exception to these industry pressures. They face rising rents, competition (not only from other Ethiopian places but all dining options), and the challenge of sourcing specialty ingredients like teff and spices (though domestic suppliers have improved in recent years). Ensuring consistent quality and attracting repeat customers in a competitive food market requires significant effort. Looking ahead, the outlook for Ethiopian cuisine in the U.S. is optimistic. The steady growth in the number of restaurants indicates a widening customer base and increasing interest. As noted, more cities each year are getting their first Ethiopian restaurant, filling gaps on the American culinary map 33. This trend suggests that the cuisine is gradually spreading beyond the initial hubs. Additionally, Ethiopian restaurateurs and second-generation Ethiopian Americans are adapting and innovating to broaden the cuisine’s appeal. In Washington D.C., for example, some have launched fast-casual Ethiopian eateries aimed at making the food more accessible to a general audience. These modern approaches retain traditional flavors but offer options like injera rolled up as wraps, or meals served with alternate bases like rice and bread, and provide cutlery for those who prefer it. Such innovations can introduce Ethiopian food to customers who might be hesitant about the traditional style, without losing the essence of the cuisine. Furthermore, the cultural significance of Ethiopian cuisine – from the ritual of the coffee ceremony to the idea of gursha (feeding someone else with your hand as a sign of friendship) – provides rich storytelling opportunities that restaurants can use to engage diners. Many Ethiopian restaurants double as community centers for immigrants and a bridge for cultural exchange with Americans. This dual role helps build a loyal patronage that extends beyond just the food. In terms of future outlook, expect to see Ethiopian cuisine becoming an even more familiar part of the American food landscape. Key metropolitan areas will likely continue to support a high concentration of Ethiopian eateries, and we may see more Ethiopian food trucks, fusion concepts (imagine Ethiopian spices with Western dishes), and inclusion of Ethiopian dishes on mainstream restaurant menus. The seven states that currently lack Ethiopian restaurants are potential frontiers – as interest grows, entrepreneurs may seize those opportunities. With its bold flavors, healthy ingredients, and communal charm, Ethiopian cuisine is well-positioned to captivate more Americans in the years ahead. In short, what started as a niche offering mainly for diaspora communities has blossomed into a cuisine that enriches the diverse tapestry of American dining, with a promising road forward. 1 COMMENT Timothy Daitz February 28, 2025 At 7:54 am My wife just opened an Ethiopian Food truck in Albuquerque, New Mexico Clay Pot Ethiopian Cuisine My wife just opened an Ethiopian Food truck in Albuquerque, New Mexico Clay Pot Ethiopian Cuisine Comments are closed.

National Bank of Ethiopia Announces Exchange Rate of 135 Birr per USD Following Special ForEx Auction

National Bank of Ethiopia Announces Exchange Rate of 135 Birr per USD Following Special ForEx Auction Addis Ababa, Ethiopia – The National Bank of Ethiopia (NBE) has announced that the average exchange rate for the US dollar reached 135.6185 Birr following a special foreign exchange auction. This latest round of bidding saw the participation of 27 commercial banks, reflecting significant market engagement in the central bank’s ongoing efforts to regulate the forex market. High Demand and Market Participation The National Bank emphasized the high level of participation in the auction, noting that this mechanism is part of a broader strategy aimed at enhancing foreign currency availability and ensuring exchange rate stability. By allowing banks to bid competitively for foreign exchange, the auction process is intended to create a more transparent and market-driven forex system. The NBE stated that it will continue to conduct foreign exchange auctions as necessary, adjusting the frequency and volume of transactions based on market conditions and the country’s broader monetary policy objectives. Foreign Exchange Auction as a Stabilization Tool This auction marks the second round of foreign exchange sales under the current system since Ethiopia introduced macroeconomic reforms on July 22, 2016. The reforms were designed to liberalize the forex market, address foreign currency shortages, and curb inflationary pressures. In the first round of forex auctions, which took place earlier, the average exchange rate for the US dollar was 107.9 Birr, with 27 banks participating—the same level of engagement observed in this latest auction. The sharp increase in the exchange rate from the initial auction reflects ongoing adjustments in Ethiopia’s currency valuation, influenced by both domestic economic factors and global market trends. Macroeconomic Implications and Future Outlook The NBE’s auction-based forex allocation system is part of its larger policy framework aimed at balancing the demand and supply of foreign currency. Ethiopia has faced chronic foreign exchange shortages in recent years, driven by trade imbalances, high external debt obligations, and limited foreign direct investment (FDI) inflows. Experts suggest that the rise in exchange rates may indicate a shift towards a more flexible exchange rate policy, possibly inching closer to a market-determined system. However, the central bank remains cautious, aiming to prevent excessive volatility that could fuel inflation and disrupt financial stability. As the National Bank continues to fine-tune its forex policies, businesses and financial institutions will closely monitor upcoming auctions, which could signal further adjustments in exchange rate policies and economic reforms. The bank reiterated its commitment to maintaining price stability and sustainable economic growth through strategic forex management. With global economic conditions and local macroeconomic trends in flux, the Ethiopian economy is at a critical juncture, where exchange rate policies will play a pivotal role in shaping investment, trade, and overall economic performance in the coming months.