Jun 8 , 2025
EthSwitch, the national payment switch, has acquired a 12-storey headquarters in Casanchis, near Bambis Supermarket and behind Enat Bank's head office on Guinea Conakry Street. The company had previou...
A draft amendment for Income Tax Proclamation builds on last year's framework to boost revenue, broaden the tax base, refine incentives, and curb evasion. It proposes a simplified, income-based tax fo...
Jun 1 , 2025
Oromia Bank's new collateral-free digital lending app, Milkii, has disbursed 25 million Br in loans without requiring collateral. Of this, 16 million Br has already been repaid, generating 1.4 million...
May 31 , 2025
The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and the British International Freight Association (BIFA) signed a memorandum of understanding (MoU) on May 27, 2025, at Hilt...
The Education & Training Authority has issued a decisive directive last week, mandating legal action against Mishqen College for persistently defying regulatory orders and unlawfully continuing to...
MyCharge Technology PLC officially launched its shared power bank rental service at the Hyatt Regency Hotel on May 30, 2025, under the theme Powering Digital Ethiopia. Founded by DDF Group, the com...
Dodai, an electric bike manufacturer, has announced an expansion plan to revolutionise urban transportation through battery-swapping infrastructure and local electric motorcycle production. In an e...
Ethiopian Electric Utility has commissioned two solar energy installations, collectively generating 400 kW of power, with the primary objective of delivering dependable electricity to remote and under...
Ministry of Innovation & Technology has launched an e-consultation portal, developed in collaboration with the Ministry of Justice and GIZ, the German development agency. The platform enables citi...
The Council of Ministers has approved the 2018–2022 Medium-Term Macroeconomic and Fiscal Framework, which will guide next year's budget, focusing on strategic revenue generation and resource allocat...
May 24 , 2025
Foreign participation in Ethiopia's wholesale, retail, import, and export trade sectors has come under renewed focus as the Ethiopian Investment Board(EIB) approved a significant amendment to Directiv...
The National Bank of Ethiopia (NBE) issued a new foreign exchange market directive on May 20, 2025, that caps commercial banks' forex service fees at a maximum of four percent. Banks are instructed...
SantimPay has rolled out FrankRemit, first fully integrated, zero-fee digital remittance platform, in partnership with Bank of Abyssinia(BOA). The service smoothly connects all commercial banks and ma...
Ethio-Life & General Insurance and Lumia Technologies have launched Lumina, Ethiopia's first fully digital life insurance platform. Leveraging the Fayda national ID for hassle-free mobile registra...
Mojo Dry Port plans a 50 million dollars project expected to offer potential benefits for farmers producing avocados, flowers, and vegetables. Ethiopian State Minister of Finance Semereta Sewasew and...
Parliament has passed a new law to safeguard water bodies, targeting industrial pollution and ecosystem degradation. The draft proclamation on the “definition, development, and maintenance of water...
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