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Jun 4 , 2022

Central Bank Lifts Ban Off Digital Remittance Platforms

Central bank regulators have lifted the suspensions placed on two digital remittance platforms working with the Bank of Abyssinia. It comes nearly four months after they ordered the Bank to stop using...

Jun 4 , 2022

Govt Exempts Animal Feed from VAT, Import Duties

Importers of animal feed components are no longer required to pay customs duties or value added tax (VAT), following a decision by federal authorities last week. Eyob Tekalign (PhD), a state minist...

Jun 4 , 2022

Trade Ministry Tightens Noose on Fuel Procurement Privileges

Companies with the privilege to buy fuel directly and in bulk from oil distributors will face a break soon, with the authorities tightening up the noose on their privileges. The Petroleum & Ene...

Jun 4 , 2022

Downgrade Branches in Border Towns: Governor Yinager Tells Commercial Banks

Central bank Governor Yinager Dessie (PhD) ordered all commercial banks last week to downgrade branches operating in the border towns of Togochale and Moyale to sub-branches status. The Governor is...

May 28 , 2022

Frehiwot, Anwar Inch Closer to Infrastructure Deal

The public persona of Frehiwot Tamiru, CEO of the state owned Ethio telecom, may appear charming, cheerful and soothing. Behind closed doors in the boardrooms, she has proven to be a hard nut to crack...

May 28 , 2022

Mines Ministry Mulls Higher Premiums for Artisanal Miners to Fight Contraband

Small-scale gold miners will receive higher premiums for the bullion supplied to the central bank should regulators support findings on the feasibility of offering greater value to artisanal miners. ...

Fed Vows to Fight Illicit Wheat Trade Eyeing Crop Tracking System

A new tracking device developed by a federal information network intelligence agency is where Feto Esimo (PhD) hinges all his hopes to see through the success of a program he has been working on for y...

May 28 , 2022

Export Promotion Agency Comeback on the Horizon

The pressing need to diversify exports and generate more foreign currency pushes the federal government to consider reviving an agency to promote exports. Officials expect the agency to begin work nex...

May 28 , 2022

Textile Industry Cautiously Optimistic over Cotton Surplus

Textile plants see an unexpected surplus in cotton supply after months of shortages, as federal authorities stumble in efforts to procure thousands of tonnes through international bidding. Glut in...

May 28 , 2022

City Admin Eases on Building Occupancy Rules

Proprietors in Addis Abeba are no longer required to hold occupancy permits to rent out part of their buildings to daycare centres, medical clinics, pharmacies, or schools. Officials at the city's Con...

May 21 , 2022

Capital Market Launch Unlikely Before Two Years

Efforts to form the country's first-ever capital market took a meaningful step last week, but there is a long way to realise an initiative floating around since the Imperial Era. A trading floor o...

May 21 , 2022

Exporters Face Ship or Lose Ultimatum, Again

Trade regulators have warned exporters to immediately ship oilseeds and cash crops they claim to have discovered stored at warehouses in Addis Abeba and other states. The authorities are pushingÂ...

May 28 , 2022

Federal Warehouse Receipt Credit Scheme Ramps Up

Federal officials are moving forward with a belated initiative to form a regulatory body tasked with supervising a national credit scheme that facilitates loans for farmers, unions, and agro-proc...

May 21 , 2022

Agrochemical Importers Plead for Credit Extensions, Blame Logistics Disruptions

A consortium of agrochemical importers has pleaded with central bank authorities for an extension of waivers on commission fees paid to prolong letters of credit (LCs) and cash against documents (CAD...

May 21 , 2022

License Plate Shortage Haunts Car Owners, Dealerships

Car buyers face a shortage of license plates as the federal agency responsible for manufacturing the plates ran out of raw materials earlier this month. The shortage of private (Code-2) plates is d...

May 21 , 2022

Manufacturer Leases Shed at Adama Park for Novel Recycling Venture

Plastic waste can be recycled into construction materials when a manufacturer starts production in Adama Industrial Park. A US-based plastic manufacturer has leased a shed in the park, planning toÂ...


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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