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Aug 18 , 2024

Businesses Reel Amid Market Reforms

Three weeks into the floated exchange market, policymakers and business owners convened to chart a course on the prospects and pitfalls of navigating the uncharted territory. Policymakers expressed op...

Aug 18 , 2024

Investors Press Policy Bank Rethink Rain-Fed Agriculture Funding

Amidst an impressive recovery from a precarious position marked by alarmingly high levels of non-performing loans (NPLs), the Development Bank of Ethiopia (DBE) is facing criticism from investors over...

Aug 18 , 2024

Capital Market Authority Unleashes Sandbox of Fintech Dreams

The Ethiopian Capital Market Authority (ECMA) is to introduce a regulatory sandbox in two weeks, opening the door for financial technologies with disruptive business models. Currently not supported by...

Aug 18 , 2024

Horti Exporters Face Forex Squeeze as New Directive Sparks Outcry

The recent directive from the National Bank of Ethiopia (NBE) mandating that exporters convert half their foreign exchange earnings into Birr within a month has triggered discontent within the flower...

Aug 11 , 2024

BOGUS MEDICINE REAL SUFFERING

A long-time diabetes patient, Almaz Teshome has been battling the effects of what she suspects to be substandard insulin bought from one of the pharmacies in public hospitals. Her condition worsened a...

Aug 11 , 2024

Customs' Exchange Rule Bites Importers' Cash

The Ethiopian Customs Commission has implemented a sweeping change in how import duties are calculated, rattling businesses across sectors. The shift, effective from July 29, 2024, comes as the Nation...

Aug 11 , 2024

Capital Market Architect Now Takes on the Country's Wealth Fund

Brook Taye's (PhD) career in public service has been anything but ordinary. As the founding Director General of the Ethiopian Capital Market Authority (ECMA), he has played a leading role in shaping t...

Aug 11 , 2024

Authority Moves to Spur Local Medical Device Production

The Ethiopian Food & Drug Authority (EFDA) has relaxed requirements for manufacturing products classified as "low risk," a category that includes sanitary pads, diapers, prosthetics, and over 700...

Aug 11 , 2024

Saudi-owned Arki Water Bottler Bets on Juice Production

As the manufacturing sector struggles with a panoply of issues, SBG Industry Plc, the bottler behind "Arki" water brand, has completed a five-million-dollar expansion project to boost its marketing an...

Aug 11 , 2024

Insurers Pushback Central Bank's Governance Bill

Regulators at the National Bank of Ethiopia (NBE) have proposed a new corporate governance bill aimed at improving the insurance sector's stability. This bill focuses on qualifications, oversight, and...

Aug 4 , 2024

BIRR FLOATS, BUSINESSES FEEL THE SQUEEZE

The Birr has crossed a historic threshold, hitting an exchange rate of over 100 Br to the dollar last week — a wake-up call for the country's economy. Examining historical trends in official and par...

Aug 4 , 2024

BGI Lawyers Summon Witnesses in Intensifying Ownership Dispute

BGI Ethiopia, one of the country's leading breweries, is embroiled in a high-stakes legal battle over ownership stakes, as its defence team called four witnesses to testify before the Federal Court. T...

Aug 4 , 2024

Market Forces Battle Inflation, Shortages

Edible oil, flour, diapers and baby formula are among the commodities largely affected in the market, as the country faces off its first week of a macroeconomic reform program. Following the reform, c...

Aug 4 , 2024

Prime Minister Abiy Announces Massive Salary Hike for Civil Servants Amid Economic Reforms

The public sector is set to see a salary adjustment of up to 300pc to its employees in hopes of addressing the cost of living that arises amid new macroeconomic reforms. Prime Minister Abiy Ahmed ...

Aug 4 , 2024

Ethiopias Eurobond Soars on IMF Lifeline

Ethiopia's euro bond jumped last week, scaling 2.23 cents to 77.48 cents on the dollar, its greatest gain since the previous year, Bloomberg reported. The increase followed a substantial bailout packa...

Jul 28 , 2024

BREWERIES' BITTER BREW

The introduction of an excise tax stamp system is stirring controversy in the beverage sector. The system, devised to create a robust and transparent tax management protocol whilst preventing counterf...


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