Addis Ababa — In a bold early move, newly appointed Central Bank Governor Dr. Eyob Tekalign (PhD) has taken decisive steps to tighten monetary policy. The National Monetary Policy Committee has raised the lending rate ceiling for commercial banks by six percentage points, setting it at 24 %, effective September 2025. Dr. Eyob, previously State
Addis Ababa – The President of the Commercial Bank of Ethiopia (CBE), Ato Abe Sano, has called on members of the Ethiopian diaspora to play their part in preventing illicit money transfers that pose a potential threat to the country’s financial system. Speaking on the matter, Ato Abe stressed that irregular financial flows undermine Ethiopia’s
Across the Ethiopian diaspora, some individuals have been tirelessly working to erode the dignity and reputation of the Ethiopian National Defense Forces (ENDF). Figures such as Neamin Zeleke, Masay Mokenen, Ephrem Madebo, Ayelsaw Zerihun, and others have positioned themselves as “patriots” and “true Ethiopians.” Yet, in reality, their campaigns are aimed at discrediting the very
Addis Abeba – This year’s United Nations General Assembly (UNGA) is taking place in New York from 23 to 29 September, 2025. Held annually in September, the assembly transforms itself into a global carnival, turning Manhattan into a parade ground of motorcades, flashing sirens, red carpets, and flags. Heads of state and monarchs fly in, entourages
New York – At the sidelines of the 80th United Nations General Assembly (#UNGA80), IGAD Executive Secretary Dr. Workneh Gebeyehu joined global and regional partners in a high-level ministerial meeting on Sudan, organized by the EU, African Union, France, Germany, and the U.K. Dr. Workneh emphasized the need for urgent, coordinated efforts to halt the
Moscow – Russian President Vladimir Putin met with Ethiopian Prime Minister Abiy Ahmed on Thursday in Moscow, reaffirming the growing ties between the two nations. During the meeting, Rosatom Director General Alexey Likhachev and Ethiopian Foreign Minister Gedion Timothewos signed an Action Plan for the development of a Nuclear Power Plant (NPP) project in Ethiopia.
Somalia has entered a fresh wave of political turmoil after President Hassan Sheikh Mohamud’s government began arresting opposition figures and was accused of land grabbing from civilians. Former President Sharif Sheikh Ahmed issued a strong condemnation late Thursday, describing the arrests of prominent community leaders in Mogadishu as unlawful and dangerous for national stability. Among
HornCurrent – Madaxweynihii hore ee Soomaaliya, Maxamed Cabdullaahi Farmaajo, ayaa si kulul u cambaareeyey tacaddiga iyo jirdilka loo geystay dadka waayeelka ah ee lagu barakiciyey Suuqa Siinay, isagoo ku tilmaamay fal dhaawacaya kalsoonida shacabka ee dowladnimada. Farmaajo ayaa sheegay in muuqaallada laga duubay waayeel Soomaaliyeed oo si xun loo garaacayo ay yihiin “boog madow oo
HornCurrent – Ethiopia and Kenya have officially signed a landmark military cooperation agreement, marking the first such deal in 61 years. The agreement covers joint military training, coordinated exercises, border security collaboration, counter-terrorism efforts, and the development of defense industries. Officials from both nations hailed the pact as a step toward strengthening regional stability and
Addis Ababa, September 23, 2025 – Ethiopia’s federal security institutions are working with strengthened preparedness and coordination to uphold the rule of law by monitoring and containing extremist and subversive groups that threaten the nation’s lasting peace and stability, according to Federal Police Commissioner General Demelash Gebremichael. The Commissioner made the remarks during a consultative