By Amindeh Blaise Atabong, Quarts Earlier this year, Jawar Mohammed, the prominent political activist and media entrepreneur, who had returned home to Ethiopia from the US, looked set to challenge his former ally, prime minister Abiy Ahmed, in the country’s election. But there was immediately uncertainty created over Jawar’s eligibility simply because he had been a US citizen. Ethiopian...
November 9, 2026
Category: Market Bazaar
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Ethiopian Airlines: “We want to become Alibaba’s official airline”
Future Addis Ababa airport, expansion of the fleet and network, diversification… In spite of the crisis, the head of the continent’s leading airline remains focused on his objectives and, strengthened by increasingly privileged links with China, has great ambitions. Tewolde GebreMariam, the CEO of Ethiopian Airlines, describes himself as “very combative” at the moment. After...
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ELUSIVE PEACE, SOME PROGRESS, ALBEIT BLUNDERS AND EXCESSES- Part II
By Osman H. Yusuf Somalia – Economy, national currency and foreign exchange To rebuild and develop an economy, particularly in the case of a country emerging from long years of devastation, like Somalia, a public-private sector partnership is in order to promote the economy, improve the standard of living of the people and lift the...
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Choking on diesel costs, Somali firm turns to solar for cheaper power
By Abdi Sheikh and Abdirahman Hussein MOGADISHU, (Reuters) – A new solar power plant in Mogadishu should quadruple the city’s generation capacity and cut bills, the owners said, providing relief to businesses facing crippling costs from diesel-generated electricity. BECO, Somalia’s largest electricity supplier, said it had been producing 8 megawatts (MW) since March using solar...
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8 Francophone countries get new currency
PARIS -It is official that the Eco will replace the CFA franc as the new currency for the eight Francophone countries that form the West African Economic and Monetary Union (UEMOA). France’s Council of Ministers officially passed a bill earlier this month that ratified the reform of the monetary agreement that bound the French government to...
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IEA still sees record 2020 oil demand fall but easing lockdowns helping
LONDON (Reuters) – Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said on Thursday, but it trimmed its forecast for the drop citing easing lockdown measures. Demand is expected to fall by 8.6 million barrels per day (bpd), the IEA said in its monthly report, raising its...
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COVID 19 and Potential Financial and economic Impact on Somalia
By Abdullahi M. Yahie The novel coronavirus COVID-19 has undoubtedly caused havoc in the world in an unprecedented manner. There are, many, however, who may nonchalantly show a feeling of déjà vu. It seems like we’ve been down this road before with SARS, EPOLA, MERS and the swine flu. Based on exiting literature, SARS, MERS and COVID-19...
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Ethiopian Airlines Ready to Be Savior to Fellow African Carriers
By Samuel GebreBloomberg Ethiopian Airlines Group is prepared to come to the rescue of stricken carriers around Africa, even as the continent’s biggest airline deals with its own mounting losses and grounded planes due to the Covid-19 pandemic. Talks are underway with the government of Mauritius about the revival of the island nation’s state carrier, which...
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African Development Bank Group unveils $10 billion Response Facility to curb COVID-19
ABIDJAN, Ivory Coast, — The African Development Bank Group on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest measure taken by the Bank to respond to the pandemic and will be the institution’s primary channel for its efforts to address...
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Saldanadda Doollarka Maraykanku ma sii jiri doontaa
W/Q Maxamed Dalmar Madaxweynaha Maraykanka Donald Trump wuxuu cunaqabateyn ku soo rogay dalal kala duwan, shirkado ganacsi iyo weliba shakhsiyaad gaar ah, isagoo mid waliba u cuskaday marmarsiinyo aan macquul ahayn ooy ka muuqato awood sheegasho. Dalalka cunaqabateynta la saaray waxaa ka mid ah Shiinaha, Ruushka, Iiraan Turkiga, Venezuela, North Korea iyo kuwa kale. Waxaa...