(Photo: UNDP) Addis Abeba – Germany has announced an additional contribution of €4 million to the United Nations Development Programme’s (UNDP) Peace Support Facility (PSF) to support peace-building efforts in Ethiopia’s Afar, Amhara, and Tigray regions. The PSF, established after the 2022 Cessation of Hostilities Agreement between the Ethiopian government and the Tigray People’s Liberation …

Amdom Gebreselassie, chairperson of Arena Tigray for Democracy and Sovereignty (Photo: DW) Addis Abeba – Arena Tigray for Democracy and Sovereignty, an opposition party operating in Tigray, has called for accountability over crimes committed during the region’s two-year war, warning that the “lack of accountability” has led to a renewed “desire for war.” In a press …

Wolkite town serves as the administrative center of Gurage Zone (Photo: Visit Gurage/Facebook) Addis Abeba – The Gurage Unity and Justice Party (GOGOT) has vehemently condemned the brutal killing of over 55 innocent people and the displacement of countless others in the Gurage Zone of Central Ethiopia Regional State due to ongoing security challenges and …

Senior OLF leaders stand together holding flowers after being released from detention Addis Abeba – Seven senior leaders of the Oromo Liberation Front (OLF) were released today after spending more than four years in detention without charges, despite multiple court orders for their release, OLF spokesperson Lemi Gemechu told Addis Standard. The freed individuals are …

Headquarters of the Ministry of Finance (Photo: Social Media) Addis Abeba – The Ministry of Finance (MoF) has issued a new directive establishing the VAT-exempt thresholds for domestic electricity and water consumption. Effective 05 September, 2024, the directive exempts the first 200 kilowatt-hours (kWh) of monthly electricity consumption and the initial 15 cubic meters of monthly water …

In March 2022, a proclamation facilitating the implementation of Gachana Sirna, a system designed to organize individuals to protect their interests, benefits, and rights after taking militia training, came into effect officially in the Oromia region (Photo: BBC) Addis Abeba – Dechasa Gurmu (name altered for safety reasons) is a farmer living in the Guduru district of …

Mamo Mihretu, governor of the National Bank of Ethiopia (Photo: ENA) Addis Abeba – A month following Ethiopia’s transition from a fixed exchange rate system to a market-based regime, authorities reported a substantial narrowing of the disparity between the official and parallel foreign exchange markets. At the launch of the “DEBO” remittance campaign held on 05 September, …

The headquarters of the National Bank of Ethiopia (Photo: Capital Finance International) By Abraham Asfaw (PhD) @abrishAbebe Addis Abeba – It has been over a month since the Ethiopian government adopted a floating exchange rate for the birr, marking a significant shift in the country’s approach to foreign exchange markets. While this move has narrowed the gap …