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International Firm Secures Local Footing with New Ethiopia Member Firm


International Firm Secures Local Footing with New Ethiopia Member Firm

HLB International has expanded its East African presence by onboarding HLB Ethiopia, a growing advisory and accounting firm based in Addis Abeba. The move strengthens the global network's ability to support clients in one of the region's fastest-developing economies. HLB Ethiopia provides audit, assurance, advisory, and tax services. Its integration aligns with HLB's broader strategy to deepen collaboration across emerging markets and bolster service capabilities worldwide. The network points to Ethiopia's economic momentum, driven by a young workforce and its position as a regional gateway. The firm said its membership extends beyond global reach, aiming to support the country's economic transformation through tailored audit, tax, investment, and scientific advisory work. HLB International comprises more than 51,000 professionals across 155 countries.

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Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


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Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...