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Shipping Enterprise Gives Waiver to Importers

Local importers have begun receiving waivers from the Ethiopian Shipping & Logistics Services Enterprise (ESLSE), allowing them to use other shipping companies to transport their goods from ports...

Jul 24 , 2021

Ethiopia Recalls All Diplomats But Ambassadors, Finance Heads

All Ethiopian diplomats, barring ambassadors and heads of finance, have been instructed to report back to Addis Abeba by mid-August 2021. They are called back to attend a reorientation, which is se...

Jul 24 , 2021

Cement Prices Hike as Gov't Removes Price Controls

Barely a week after the government set aside its cement market regulatory policy, cement prices have spiked up to as high as 900 Br a quintal, double the official price from two weeks ago. The surg...

Jul 24 , 2021

Authorities Add Six Hotels to Shutdown Spree

Authorities have closed down six prominent hotels situated in the Haya Hulet and Bole areas of Addis Abeba. The establishments are the latest to join a long list of hotels, bars and restaurants, inclu...

Jul 24 , 2021

Ed Stelar Gears Up for Export

A local company, Ed Stelar Foods Plc, is warming up to start exporting semi-processed meat products, particularly burger patties and meatballs, to Somaliland, Djibouti and the United Arab Emirates. ...

Jul 24 , 2021

Investors Show Little Appetite for Treasury Bills

Bidders showed a lack of appetite for the latest auction floated by the National Bank of Ethiopia (NBE) to sell 40 billion Br worth of treasury bills. Tasked with managing securities that will go t...

Jul 24 , 2021

Another Desert Locust Wave on the Horizon

Authorities warn that yet another wave of desert locust infestation could be heading to Ethiopia, as signs of an impending invasion are evident across several regions. Heavy rainfall, greater plant...

Jul 18 , 2021

Coffee Authority Doubles Down on Vertical Integration

Authorities in the coffee sector plan to cement a procedure that enables exporters to buy the cash crop directly from suppliers outside the Ethiopian Commodity Exchange (ECX) floors, a system industry...

Jul 18 , 2021

Commission to Give Importers Access to Duty Valuation Process

The Ethiopian Customs Commission (ECC) has decided to give importers access to its price valuation database, for long a source of dispute between its officers and the business community. This will...

Jul 18 , 2021

Excise Tax Plummets Beverage Productivity by 20pc

A significant decline in the production of non-alcoholic beverages has hit the bottling industry owing to changes the federal government made on excise tax last year. The 11 percentage point increa...

Jul 18 , 2021

Credit Cooperatives Gear Up for Interest Free Services

Saving and credit cooperatives across the country are racing to begin providing interest-free saving services, particularly in unbanked rural areas and regions with large populations adhering to the I...

Jul 18 , 2021

Finance Ministry Retakes Reins on Investment Incentive Provision

The federal government has centralised the approvals for investment incentives as the Ministry of Finance takes over the responsibility from various agencies. The Ministry assumed the authority bef...

Jul 18 , 2021

Hiber Sugar Aground in Inefficacious Past, Indistinct Future

A shareholders assembly called to vote on the destiny of Hiber Sugar S.C. brought more dispute than resolution when it was concluded. It was the second gathering in three months, held as the compan...

Jul 18 , 2021

Eyeing Competition, Ethio Telecom Readies for 5G Expansion

Ethio telecom is undergoing network infrastructure and system enhancements to pilot 5G networks in the coming year. Investing 41 million dollars, the state-owned giant has upgraded its business man...

Jul 18 , 2021

DEPOSIT RUSH, FLEETING MONEY

There is a bank branch and representative in every nook and cranny in Addis Abeba these days, the latter of which accost any adult they can find to open an account. As another fiscal year faded away,...

Jul 18 , 2021

New Directive to Govern Construction Joint Ventures with Overseas Firms

Authorities have introduced a new directive that would legalise partnerships between local contractors and global construction firms to work in a joint venture. Drafted by the Ministry of Urban Dev...

Columns

Commentaries | Aug 29,2026

The Education Minister Celebrates the Wrong Numbers

Every year, the Ministry of Education (MoE) sets a national examination. Every year, it fa...

Editorial | Aug 28 , 2026

SMALL-NOTES SQUEEZE WORN, TORN, NEVER RETURNED

For Hirut Ayalew, a small shop owner around Ferensay Legasiyon, the shortage of usable sma...

Featured | Aug 1 , 2026 . By BIZUAYEHU ABIY

Between Tax Authorities, Dealers, Buyers Who Cannot Keep Up

For Tefera Worku, buying a car was meant to be a simple calculation of convenience. The co...

Agenda | Aug 29 , 2026 . By FITSUM TADESSE

Fed Now Repays Its Bills with More Bills

The federal government is increasingly relying on Treasury bills (T-bills) to repay Treasu...

Fortune News | Aug 29 , 2026 . By BEZAWIT HULUAGER