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Jul 17 , 2025

The Income Tax Bill Passes Without Major Changes

The Income Tax Bill Passes Without Major Change Parliament has passed the Income tax bill with five legislators voting against it and 12 others casting abstention votes. Several MPs raised their concerns on the salary income tax while members of the Standing Committee and officials from the Mi...

Jul 17 , 2025

The Income Tax Bill Passes Without Major Changes

Parliament has passed the Income tax bill with five legislators voting against it and 12 others casting abstention votes. Several MPs raised their concerns on the salary income tax while members of the Standing Committee and officials from the Ministry of Foreign Affairs insisted on the harm caused if the bill fails to pass. Desalegn Wodaje, chair of the Standing Committee on Finance, voiced his concerns of financial loss of untaxed income. He pointed out that, according to the research presented by the Ministry, indicated that if the minimum untaxed salary were set at 1,200 Br, the a...


Jul 12 , 2025

Addis Abeba City Council Approves 350B Br Budget

The Addis Abeba City Council has ratified a 350 billion Br budget for the 2025/26 fiscal year. The two-day session included a detailed presentation by Deputy Mayor and Finance Bureau Head, Abdulkadir Redwan, who presented the fiscal plan. The budget allocates 71.4pc to capital expenditures, with the remaining 100.1 billion Br designated for recurrent spending. According to city officials, the budget targets to enhance public safety, promote sustainable development, stimulate job creation, facilitate major infrastructure projects, and improve service delivery in response to citizen needs...


Jul 11 , 2025

Ethiopia Securities Exchange Open for Trading

Ethiopia officially launched its first securities trading platform today, marking a moment in the country's financial history. The Ethiopian Securities Exchange (ESX) began operations with the public registration and trading of government treasury bills (T-bills) on its secondary market. The inaugural event took place at the Sheraton Addis Hotel today, where financial sector officials gathered to ring the ceremonial bell, signaling the start of a new era in the capital markets. ESX CEO, Tilahun Kassahun (PhD), presided over the ceremony as representatives from Gadda Bank and Wegagen Bank...

Breaking News

Jul 3 , 2025

AfDB Pledges $50m Trade Backstop to Awash Bank, Targets SMEs

The African Development Bank's (AfDB) board approved today a 50 million dollars trade finance transaction guarantee for Awash Bank, the biggest private lender by paid-up capital. The facility trans...

Jul 3 , 2025

Parliament Passes a 1.9T Br Budget Bill, Unanimously

The federal legislative house has unanimously approved a 1.9 trillion Br budget bill for the 2025/26 fiscal year. This budget anticipates 1.2 trillion Br in funding from domestic revenues, with over ...

Jul 3 , 2025

IMF Warns Ethiopia on FX Market, Debt, Revenue Shortfalls Despite Growth Upside

Ethiopia's push for economic reform won a cautious vote of confidence from the International Monetary Fund (IMF) yesterday, as the Fund approved a fresh 262.3 million dollars disbursement under its...

Jun 30 , 2025

Central Bank Ends Treasury Bond Purchase Mandate

The National Bank of Ethiopia's.(NBE) Monetary Policy Committee (MPC) stopped asking commercial banks to buy treasury bonds, signalling a shift toward market-based debt financing. At its third mee...

Jun 27 , 2025

Governor Mamo Ditches Bond Mandate Betting Aid, Exports Will Tame Inflation

The Central Bank plans to lift a rule that forces banks and pension funds to buy government bonds, Governor Mamo Miheretu disclosed. The National Monetary Policy Committee is expected to scrap the...

May 30 , 2025

IMF Urges Ethiopia to Keep Reform Foot on the Gas as Third-Review Clearance Unlocks $260m

The International Monetary Fund (IMF) and Ethiopian authorities have reached a staff-level agreement on the third review of a four-year, 3.4 billion dollars credit facility, paving the way for roughly...

Apr 25 , 2025

Ethio telecom's IPO Raises 3.2b Br in Landmark Offering, But Misses Ambitious Target

Ethio telecom, the state-owned telecommunications giant, raised 3.2 billion Br from its landmark initial public offering (IPO), closing on February 14, 2025. The IPO, the first of its kind in the coun...

Mar 25 , 2025

Monetary Policy Committee Maintains 18pc Credit Cap as High Living Cost Rattles Economy

Central bank reaffirmed its decision to maintain a credit growth cap of 18pc, signaling its commitment to tightening monetary policy amid persistent inflationary pressures, high cost of living and unc...


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In Taxing Aggressively, Fed's Fiscal Reckoning Arrives

Parliament is no stranger to frantic bursts of productivity. Even so, the vote last week o...

Editorial | Jul 19 , 2025

A Season of Their Own

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Featured | Jul 20 , 2025 . By RUTH BERHANU

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During a soft and steady rain that soaked the narrow lanes around Ghana Street, near St. U...

Agenda | Jul 20 , 2025 . By BEZAWIT HULUAGER

Startup Law Promises Change But Faces Trust Deficit

Federal lawmakers have finally passed the long-anticipated startup law, setting the stage...

Fortune News | Jul 19 , 2025 . By AMANUEL BEKELE