Import Substitution: The Key to Ethiopia’s Economic Resilience Amid Floating Exchange Crisis?
On Tuesday, fuel prices surged, a sharp reminder of the turbulent waves unleashed by Ethiopia’s shift to a floating exchange rate. This unshackled currency...
House of Representatives Passes Law to Close Legal Loophole in Government and Public Property Restitution
The House of People's Representatives has approved a new Property Restitution Law, designed to close legal loopholes in the recovery of government and public...
Ethiopia Faces Fuel Distribution Crisis with Fewest Gas Stations Per Capita in Africa
The House of Peoples’ Representatives has approved a draft proclamation aimed at regulating the trade of petroleum products in Ethiopia. The report, presented by...
Commercial Bank of Ethiopia Reports 5.3 Trillion Birr in Digital Transactions in Six Months
The Commercial Bank of Ethiopia (CBE) has announced that it processed 5.3 trillion Birr through its digital banking services in the first half of...
Air Arabia Introduces Direct Flights to Addis Ababa
Air Arabia has announced the launch of its latest direct flight service to Addis Ababa, Ethiopia’s capital, further expanding its global network.
Starting January 30,...
Ethiopia Adjusts Retail Fuel Prices Amid Market Changes
Addis Ababa, Ethiopia – January 7, 2025
The Ethiopian Ministry of Trade and Regional Integration has announced an adjustment in the retail prices of petroleum...
