(ZeHabesha News) A shocking new Zehabesha's investigative report reveals a highly coordinated scheme where local investors are using Dubai-based "sister companies" to siphon billions out of Ethiopian state banks. Through massive project loans from the Commercial Bank of Ethiopia and the Development Bank, these individuals are orchestrating a devastating capital flight and foreign exchange heist.
Here is how the massive scam works: Instead of buying factory machinery directly from manufacturers, corrupt investors route the purchases through their own offshore shell companies in Dubai. They submit wildly inflated invoices. for example, securing a 7 billion Birr loan for a machine that actually costs 5 billion and stash the massive difference in their offshore accounts. This leaves Ethiopian banks drowning in unpaid, non-performing loans while the perpetrators get rich without breaking a sweat.
The economic sabotage does not stop there. These same actors are manipulating trade by under-invoicing exports and over-invoicing imports. By selling Ethiopian goods cheaply to their Dubai companies and keeping the real profits abroad, they are hoarding precious US dollars. All of this is happening while Ethiopia is suffering from a crippling forex shortage that is forcing local factories to shut down.
Financial experts and intelligence agencies warn that this level of money laundering and capital flight is impossible without the inside help of complicit bank officials and weak regulatory oversight from the National Bank and Customs Commission.
Billions meant for national development and job creation are being stolen. Let us know your thoughts on this massive corruption in the comments, and be sure to share this video to expose the truth!
News confirming that the executive of popular Ethiopian artist ,Teddy Afro, has been arrested by Abiy Ahmed police. The reason is that Teddy Afro sings about the situation of the people of Ethiopia. He didn't sing about politics , he described the current situation in Ethiopia.
Breaking News: Ethiopian Security Forces Storm Teddy Afro’s Studio and Confiscate Materials.
Addis Ababa, Ethiopia – April 23, 2026 — Ethiopian security forces have stormed a recording studio linked to legendary singer Tewodros Kassahun, popularly known as Teddy Afro, and confiscated equipment and recordings, according to multiple reports.
The raid is part of an escalating crackdown on the artist and his team following the massive success of his new album Etorika, which has already surpassed 70 million views in just days. Several tracks on the album are openly critical of the government and call for national unity.
Eyewitnesses and sources close to the singer claim that armed personnel, reportedly including Oromo special forces in Federal Police uniforms, forced entry into the studio and seized materials.
This is a developing story...
A troubling escalation in the harassment of singer Teddy Afro. Eyewitnesses and close sources claim that around 9 PM, group of armed Ethiopian federal policemen arrived in a patrol vehicle and forcibly entered his private studio and office in the CMC area.
The officers severely beat the security guard of the building to break into the studio, bypassing legal procedures and any court authorization. This incident raises serious concerns about violations of due process, respect for private property, and the broader safety and rights of citizens.
💽🎤 أثار قرار السلطات الإثيوبية إلغاء حفل إطلاق ألبوم غنائي جديد للفنان تيودوروس كاساهون، المعروف بـ"تيدي أفرو"، جدلاً واسعاً في الأوساط الفنية والسياسية الإثيوبية، لجهة تعارضه مع حرية التعبير والإبداع
📌 تم بحجج تعارض مضمون الأغاني مع مبادئ "الوحدة الوطنية والتحريض على معارضة النظام السياسي"
#نكمن_في_التفاصيل
https://t.co/JSRpYPATuE
Ethiopia’s prime minister says the next election will be the most open and democratic in the country’s history. In reality it will be a sham. Discover the full story: register to read for free https://t.co/tuiCbgfPOU
There are 2 world views of Ethiopia: externally a rising nation with great economic and investment potential; internally a troubled land with fractures and crises. For the first scenario to win Ethiopian Govt needs to focus on real national reconciliation.
https://t.co/m5UPJeVEb6
Teddy Afro's Private Studio Raided by Armed Men in Federal Police Uniforms: Confiscated Equipment Puts the Artist's Intellectual Property at Risk
The ongoing pressure and harassment directed at the legendary Ethiopian singer Tewodros Kassahun, widely known as Teddy Afro, have escalated to a dangerously unlawful level. Eyewitnesses and close sources have confirmed that armed individuals wearing Federal Police uniforms and driving Federal Police vehicles forcibly broke into the singer's private studio and office located in the CMC area.
A Nighttime Raid and Assault
This illegal and forceful intrusion reportedly occurred yesterday, around 9:00 PM local time. Reports indicate that the armed men severely beat the building's security guard to force their way into the premises. By completely bypassing standard legal procedures and the requirement for a court-issued search warrant, this violent nighttime raid on a private citizen's workspace has raised serious alarms regarding the integrity of the country's justice system and the overall safety of its citizens.
Severe Threat to Unreleased Intellectual Property
Beyond the physical violence and property damage, the most critical aspect of this incident lies in the contents of the studio and the specific items taken. This space serves as Teddy Afro's primary office and highly confidential creative sanctuary where he produces his work, stores unreleased music and lyrics, and archives his new concepts. The studio houses numerous highly valuable intellectual properties. According to newly confirmed information, the intruders confiscated two laptops, speakers, music production equipment, and various other studio accessories. Because these seized laptops and production tools contain the artist's unreleased works and private creative files, the threat posed to his intellectual property is now of grave concern.
Targeted Intimidation Campaign
Legal experts and arts commentators are refusing to treat this incident as a routine robbery or standard police search. Following the recent arrest of Teddy Afro's deputy manager and close friend, Mr. Yusuf Yassin, who remains detained without any formal charges, this attack on the heart of the artist's creative space is being strongly condemned. Analysts describe it as a systematic, deliberate campaign of intimidation aimed at obstructing his artistic output, seizing his unreleased projects, and inflicting severe psychological pressure on the singer. Public demands are rapidly mounting for the government and relevant Federal Police officials to provide an immediate and transparent explanation regarding this violent act committed under the guise of law enforcement and the severe endangerment of the beloved artist's intellectual property.
After detaining his close friend, federal police have now taken his spokesperson & deputy manager, Mahlet Solomon.
No official explanation.
As his new album gains massive attention, targeting his inner circle raises serious concerns about freedom of expression and intimidation.
#Ethiopia #HumanRightsViolation
@BBCWorld@BBCAmharicNew@hrw@AJEnglish@StateDept@AmericaEthiopia