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Jul 28 , 2024

Customs Defers Duty-Free Privilages as Bureaucracy Tightens Grip

Officials of the Ethiopian Customs Commission have drastically tightened the rules for duty-free import privileges. According to Commissioner Debele Kabeta, only army and national intelligence chiefs...

Jul 28 , 2024

Central Bank Unlocks Interbank Operation for Commercial Banks

The National Bank of Ethiopia (NBE) Governor Mamo Mihiretu has initiated a new directive allowing commercial banks to trade their liquidity through interbank money market operations, hoping to enhance...

Jul 28 , 2024

Lack of Credit Stifles Tigray Region's Economic Resurgence

In the aftermath of a devastating war that severely impacted its economy, investors in Tigray Regional State face difficulties to resume operations due to financial shortages and the inability to impo...

Jul 28 , 2024

FSD Africa Predicts Green Jobs Boom for Ethiopia

Ethiopia is poised to become a key player in Africa's green economy, with a new report forecasting the creation of up to 3.3 million direct green jobs across the continent by 2030. The report, "Foreca...

Jul 21 , 2024

Mismanagement, Missing Millions, a Mayor's Tall Order

Mayor Adanech Abebie's Administration faced an audit report that unveiled a startling picture of financial mismanagement, inefficiencies, and potential corruption, raising concerns about the Addis Abe...

Jul 21 , 2024

Authority Sets the Stage for a Nascent Securities Exchange

Brook Taye (PhD), director general of the Ethiopian Capital Market Authority, has taken a step forward in establishing a regulatory foundation for the country's nascent capital market. Last week, his...

Jul 21 , 2024

Horticulture's Wilting Profits, Ambitious Rescue Plan

Ethiopia's horticulture, a major source of foreign currency and employment, is facing harsh realities that have resulted in potentially hundreds of millions of dollars lost. Investors across the secto...

Jul 21 , 2024

Banks to Venture into Real Estate, Capital Markets Under New Directive

Commercial banks are now permitted to acquire equity shares in capital market service providers, with the exclusion of credit rating agencies, subject to prior approval from the central bank. They can...

Jul 21 , 2024

Fed Bets on Revised Electric Tariffs to Lure Investors

Ethiopia is set to introduce a revised electric tariff system within the next two months. The new tariffs will be up to three times higher than current rates for households and could substantially inc...

Jul 13 , 2024

Electric Vehicle Push Leaves Investors in the Lurch

Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and farming have their vehicles stranded at the Djibouti ports, following a policy shift by the fede...

Jul 13 , 2024

Ministry Unveils E-governance Strategy

The Ministry of Innovation & Technology launched a five-year e-governance plan requiring a 40 million dollar investment. The finance focuses on digital literacy, skills development, and legal fram...

Jul 13 , 2024

Pasta Prices on the Boil

Consumers are wrestling with a sharp increase in the prices of pasta and macaroni, commodities that have surged by an average of nearly 12 Br across markets. The spike comes days after the ratificatio...

Jul 13 , 2024

Study Reveals Higher Education Quality Crisis, Calls for Reform

The cracks in Ethiopia's higher education system were laid bare during a synthesis report presented at the Academy of Science last week. The study, led by Belay Hagos (PhD), director of the Institute...

Jul 13 , 2024

Authority Bets on Price Adjustment Manual to Tackle Construction Delays

Construction authorities have unveiled a price adjustment implementation manual for state-owned construction projects to address price escalation issues and execution gaps between contracting parties...

Jul 13 , 2024

BANKS BRISTLE AT GOVERNOR MAMO'S GRAND PLAN

The banking industry is experiencing a transformative period under the oversight of National Bank of Ethiopia (NBE) Governor Mamo Mihretu. Last month, the central bank introduced five new directives t...

Jul 7 , 2024

Addis Abeba Eyes Multi-Billion Birr Bridges to Ease Traffic Woes

Transport authorities are considering a grand bridge construction project to improve the Addis Abeba light railway system and address long-standing traffic congestion. Estimated to cost 1.2 billion Br...


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