Ethiopia’s $30M Arms Export Claim: A Rising Power or an Overstated Achievement?
Addis Ababa, Ethiopia – Ethiopia has officially joined the ranks of Africa’s top arms exporters, with Prime Minister Abiy Ahmed announcing that the country...
NBE’s Draft Directive Could Require Insurance Companies to Hold 40% More Capital
Ethiopia’s financial landscape is set to undergo significant changes as the National Bank of Ethiopia (NBE) proposes a new directive aimed at strengthening the...
Commercial Bank of Ethiopia Revises Loan Interest Rates
Addis Ababa, Ethiopia – March 4, 2025 – The Commercial Bank of Ethiopia (CBE) has announced adjustments to its loan interest rates, effective March...
New International Convention Center in Addis Ababa Ready for Official Opening Today
Addis Ababa, Ethiopia – The grand opening of the New International Convention Center today marks a major milestone in Ethiopia’s efforts to establish itself...
Addis Ababa City Administration Introduces New System for VAT Taxpayers to File Monthly Returns
The Addis Ababa City Administration Revenue Bureau has announced the introduction of a new system for over 62,000 VAT taxpayers, designed to enhance VAT...
Ethiopia’s Bitcoin Mining Boom: The Cheapest in the World, But at What Cost?
Key Findings
Mining 1 Bitcoin in Ethiopia costs approximately $1,986, making it one of the most profitable locations for Bitcoin mining.
Ethiopia ranks 2nd globally in...
