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Ministry Places Penality Over Undisclosed Tuition Fees


Ministry Places Penality Over Undisclosed Tuition Fees

The Ministry of Education plans to enforce strict laws on unendorsed tuition fee increments of private schools. The tuition fee increase made by the private sector has been the source of grave concern for parents. A new draft directive proposes fines of up to 500,000 Br on private schools that fail to clearly disclose monthly or term-based tuition fees at the beginning of the school year, after consultation with parents and guardians. The directive also states that schools that do not post tuition information on notice boards and websites will face a 100,000 Br fine, which will increase to 400,000 Br for repeat violators. Schools that raise fees without consulting parents may be fined up to 200,000 Br. The new directive entitled "Implementation of Free and Compulsory Education" was prepared by the Ministry of Education and released on November 13, 2025, for public comment.

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Customs Authorities Intercept Major Alleged Contraband Shipment Worth 422 Million Br

The Customs Commission seized alleged contraband goods worth more than 422 million Br during inspections conducted between June 25 and June 30, 2026. The haul included clothing, electronics, ammunition, construction materials, coffee, vehicle spare parts, cosmetics, khat, narcotics, minerals, livestock and foreign currency. The Addis Abeba Airport, Moyale and Awash customs branches recorded the largest seizures, valued at 115 million Br, 93 million Br and 61 million Br, respectively. Authorit...


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Hijira Bank Posts Record Growth as Assets Reach 31.45 Billion Br

Hijira Bank posted 3.55 billion Br in income in 2025/26, exceeding its combined earnings over the previous four years, while gross profit reached 1.9 billion Br. Assets rose 115pc to 31.45 billion Br, deposits doubled to 24 billion Br, and capital increased 202pc to 7.45 billion Br. Digital transaction value surged 86pc to 41.72 billion Br, foreign currency earnings reached 158 million dollars, and total banking transactions hit 615.39 billion Br. The bank also disbursed 1.5 billion Br in col...


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Gadaa Bank Offers One Million Shares to Public Investors

Gadaa Bank has offered one million shares to the public at 1,050 Br per share following approval from the Ethiopian Securities Exchange (ESX) on June 22, 2026. The share sale keeks to expand the bank's capital base and strengthen shareholder value. The offering will run until September 17, 2026, and is open to existing shareholders and new investors who meet ESX requirements. It is open to existing shareholders and new investors who meet ESX requirements...