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Jul 30 , 2022

Labour Market Mismatch Pushes Fed Reform Vocational Training

The federal government is to overhaul the technical and vocational education policy, adopting a market-driven scheme, where the labour market drives the demand for specialisations and fields of studie...

Jul 30 , 2022

Cash Strapped Pharma to Charge Interest on Drugs Supplied on Credit

The Ethiopian Pharmaceuticals Supply Agency (EPSA) will charge a three percent interest rate on supplies made in credit to public health institutions. The Agency's decision comes after debts owed to i...

Jul 30 , 2022

Mekuria Haile Offers Inflation-hit Public Chauffeurs Overtime Pay Raise

The federal government has doubled overtime pays for thousands of drivers employed in the public sector as inflation eats into their salaries. Mekuria Haile (PhD), head of the Civil Service Commiss...

Jul 30 , 2022

City Slashes Interest Payments on Leased Residential, Investment Plots

The Addis Abeba City Administration cabinet has reduced interest on the annual lease payment rates for plots leased for residential and investment purposes. The 45-member cabinet chaired by Mayor A...

Jul 23 , 2022

TSEHAY BANK'S SUNNY DAY

Full of energy, Taye Debekulu (centre) talks up Tsehay Bank S.C., the latest private bank to commence operations. Taye, former president of Hibret Bank, chairs the board of directors, which unveiled i...

City to Resume Qality-Tulu Dimtu Road Construction without Chinese Credit

The Chinese government may be reluctant to disburse part of the loan that pays for a road construction on the southern gate of Addis Abeba. However, Moges Tibebu, head of the city's roads authority, i...

Jul 23 , 2022

Fed to Overhaul Drug Supply Chain as Hospitals Grapple with Shortages

Abdulkadir Gelgelo (MD), director general of the Ethiopian Pharmaceuticals Supply Agency (EPSA), is attempting to revitalise the national drug supply chain, broadening the Agency's revenue streams. Hi...

Jul 23 , 2022

Leather, Textile Exporters Salute Relaxed Sample Shipping Rules

Leather and textile exporters have a reason to greet warmly federal authorities' recent decision to relax mandatory requirements when sending samples to prospective buyers overseas. Finance Ministr...

Jul 23 , 2022

Yirgalem Agro-Industrial Park Invests in Overdue Waste Treatment Plant

The African Development Bank (AfDB) and the European Union (EU) are jointly financing 70pc of a 178 million Br project to install a wastewater treatment plant in Yirgalem Integrated Agro-Industrial Pa...

Jul 23 , 2022

Finance Ministry Rejects Transport Association's Duty Exemption Appeal

Officials of the Ministry of Finance have rejected pleas from public transport providers that acquired dozens of buses from the state-owned Commercial Bank of Ethiopia (CBE). Last year, Adey Abeba...

Jul 23 , 2022

First Fintech Receives Regulators' Nod to Begin Mobile Money Operations

Regulators at the National Bank of Ethiopia (NBE) have issued permits for the country's first private mobile money platform two years after opening the financial sector to non-financial institutions....

Jul 17 , 2022

AHADU TO THE LABOUR SCRAMBLE

Central bank governor Yinager Dessie (PhD) (centre) shares a lighthearted moment with the founding management team of Ahadu Bank S.C., the latest addition to the banking industry. Mekonnen Semu (left...

Jul 17 , 2022

Minister Gebremeskel Backtracks Decision to Double Somalia Khat Export Threshold

Gebremeskel Chala, minister of Trade & Regional Integration (MoTRI), has rescinded a decision to double the minimum price threshold for khat exported to Somalia to 10 dollars a kilo. Last week, he...

Tax Authorities Set Sights on E-Commerce as Revenues Dwindle

Legal experts drawn from federal agencies, including the ministries of Finance and Revenues, are drafting legislation to tax transactions made on e-commerce platforms. The bill's authors contemplat...

Jul 17 , 2022

Public-Private Scheme Eyes Health Sector after Energy Projects Stumble

Tilahun Tadesse, in charge of the federal public-private partnership (PPP) initiative, is preparing to expand the investment scheme to the health sector. Two weeks ago, he called for an expression of...

Jul 17 , 2022

Fuel, Maintenance Costs Spoil City Support Bus Lease Agreement

Cross-country buses providing public transport services in Addis Abeba have stopped operations despite the City Administration renewing contracts with the owners. Nearly 560 buses operating under ...


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Cost Recovery by Public Institutions Becomes a Hidden Tax

Ideally, citizens who have paid income tax all year should not have to reach for their wal...

Editorial | Jul 25 , 2026

Chasing Excellence in the Summer, Raising Questions Over Who It Leaves Behind

For as long as her daughter had been in school, the summer break belonged to the family. E...

Featured | Jul 25 , 2026 . By BIZUAYEHU ABIY and TIGIST MEKONNEN

Shematera Weavers' Chain Meets the VAT Line

The footsteps, bargaining voices and rustle of cotton cloth that once filled Shematera in...

Agenda | Jul 25 , 2026 . By NAHOM AYELE

Global Bank Board Suspends 18 as Deposit Probe Widens

Global Bank's Board of Directors have overhauled top management, after suspending several...

Fortune News | Jul 25 , 2026 . By BEZAWIT HULUAGER