
The Federal High Court has lifted an injunction that previously prevented the National Election Board of Ethiopia NEBE from implementing a decision by the House of Federation. This decision concerned five contested constituencies between the Amhara and Tigray regional states. The injunction was initially issued after Simeret Party filed a lawsuit against the Election Board. The House of Federation's letter to the Election Board stated that these five constituencies should hold independent elections for representation in the House of Peoples’ Representatives, outside the Tigray regional government's jurisdiction, until the territorial dispute is resolved. Simeret Party announced on March 11, 2026, that it had withdrawn its lawsuit. The party explained its withdrawal by stating that the letter from the House of Federation to the Election Board had not been approved by the Council’s plenary session, but was issued solely by the Speaker of the House. Simeret Party argued that a decision is legally binding only if discussed and approved by members during a plenary session and adopted through a vote. The party concluded that continuing the legal dispute based on a document lacking proper legal foundation would waste court time and public resources.
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This summary was AI-generated from a story originally published by The Reporter Ethiopia.
Must ReadThe National Bank of Ethiopia NBE plans to cease premium payments to gold suppliers by the end of 2026, according to a recent IMF document. This decision is part of a broader strategy to phase out direct involvement in the gold market, with a longer-term exit plan to be developed by December 2026. The NBE currently pays 5–15 percent above international prices for gold, which the IMF suggests contributes to the parallel market exchange rate. The IMF document also highlights that illicit gold trade fuels the parallel market, hindering efforts to unify official and parallel forex rates. Other factors contributing to persistent parallel market spreads include restrictions on forex access for current account transactions, high bank transaction costs, and the central bank’s forex commission. The IMF projects Ethiopia's strong export performance to continue into 2026/27, with coffee export revenues potentially reaching USD three billion despite a predicted 35 percent decline in international coffee prices since November 2025. The goods trade deficit is expected to narrow slightly to USD 12.6 billion, supported by high gold prices. However, the IMF warns that high fuel prices due to the US-Iran conflict and potential drops in international gold and coffee prices could strain reserves, complicating the goal of achieving 3.5 months of import coverage by the program's end in 2028. Current reserves cover an estimated 2.1 months of imports.
Must ReadThe Council of the European Union has expanded its sanctions against Sudan, banning the import of Sudanese gold and restricting the export of key mining chemicals like mercury and cyanide. These measures aim to cut off revenue streams financing the country's civil war, which erupted on April 15, 2023, between the Sudanese Armed Forces and the paramilitary Rapid Support Forces. Gold has become a major funding source for the conflict, and limiting its trade, along with access to mining chemicals, is intended to reduce financial resources for those driving the violence. The sanctions include exemptions for humanitarian operations, public health emergencies, or disaster response. This action follows the EU's establishment of a sanctions framework for Sudan in October 2023, which has been expanded several times, most recently in January 2026. The conflict has displaced over 14 million people and led to widespread violations of international humanitarian and human rights law. EU foreign policy chief Kaja Kallas reiterated the bloc's call for an immediate ceasefire and warned against external actors fueling the conflict, stating the EU would use all available tools, including additional sanctions, to pressure those sustaining the war.
Must ReadTewolde Gebremariam, former CEO of Ethiopian Airlines, has been appointed chief executive of Pakistan International Airlines PIA. This appointment follows PIA's recent privatization, with ownership transferred from the Pakistani government to a consortium led by the Arif Habib Group, a local business conglomerate. Gebremariam's career at Ethiopian Airlines spanned nearly four decades, during which he served as CEO for 11 years, overseeing significant growth including quadrupling annual revenue to USD 4.5 billion and expanding the fleet to over 130 aircraft. He retired from Ethiopian Airlines in March 2022 due to personal health reasons. At PIA, Gebremariam is tasked with overseeing growth to a fleet of 65 aircraft and a return to profitability, as the airline has faced major losses, mismanagement, and regulatory issues, including a fatal crash in May 2020 and revelations of pilots with fake licenses.