A historic chapter in the domestic financial sector evolution was scripted last week as senior federal government officials convened to formally inaugurate the Ethiopian Securities Exchange (ESX). Governor Mamo Mehiretu and Finance Minister Ahmed Shi...
Jul 13 , 2025
The Addis Abeba City Revenue Bureau has introduced a new directive set to reshape how half a million property owners report and pay taxes. In a sweeping overhaul of its rental taxation regime, and...
Jul 13 , 2025
The Birr (the Brewed Buck) continued its slow retreat in the retail forex market last week, losing ground in quiet increments as commercial banks edged their dollar quotations higher. The panel averag...
Jul 13 , 2025
Siinqee Bank has burst confidently from microfinance trenches into the competitive commercial banking industry, posting an impressive profit surge that outshone many peers. Its net profit jumped by 8...
May 11 , 2025
Addis Abeba has approved a record 350 billion Br budget for the 2025/26 fiscal year, the first in th...
Jul 13 , 2025
The Addis Abeba Revenue Bureau has scrapped a value-added tax (VAT) on unprocessed vegetables such a...
Jul 13 , 2025
Federal lawmakers have finally brought closure to a protracted and contentious tax debate that has h...
Jul 13 , 2025
The sweet-sour scent of "tella" still lingered in the cramped compound off Tunisia Street, close to Addisu Gebeya, even though the drink itself is gone. Days ago, 200Lts of the home-brewed beer were poured away, another casualty of a quiet but determ...
Jul 13 , 2025
Political leaders and their policy advisors often promise great leaps forward, yet they frequently fall short, landing with a thud. In July 2024, Mamo Mehiretu, governor of the Central Bank, declared that the five-decade-old straitjacket on the fo...
Jul 12 , 2025
Jens Hanefeld, Germany's envoy in Addis Abeba, touched down last September with a resume that mixes three decades of diplomacy, a decade running Volkswagen's global lobbying shop and the trained eye of a historian. Serving as ambassador to Ethiopia and Berlin's permanent representative to the Africa...
May 17 , 2025
The value in dollars of a short-term capital deficit in the fourth quarter of 2023/24, representing a reversal from a surplus of 23 million dollars during the same period of the previous year. The sharp reversal could be caused by a combination of regulatory caps on new short-term inflows or heightened outflows for FX coverage, pushing the net position deeply into negative territory.
Jul 13 , 2025
Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the media, showcasing what polling stations will look like during the upcoming national elections; and they took the...
Oct 3 , 2020
Mustafe M. Omar, president of the Somali Regional State, told BBC Amharic that governing looks far different from inside the political leadership than it does from the sidelines, under "regular political discourse."
At a time of rising international tensions and deep polarisation in many countries, trust-building and cooperation seem like forgotten arts. To reconnect with them and devise creative soluti...
Jul 12 , 2025
Sep 17 , 2022
Sep 10 , 2022
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