Business

Ethiopia Issues Major Clarifications on Income Tax Amendment: What Businesses Must Know

ADDIS ABABA — The Ministry of Revenues (MoR) and Ministry of Finance (MoF) have jointly issued detailed clarifications on the implementation of Ethiopia’s Income Tax Amendment Proclamation No. 1395/2017, addressing years of confusion among tax offices, wholesalers, distributors, agents, transport associations, and digital service providers. The communication—circulated across federal and regional tax bureaus—aims to standardize

November 10, 2025 • By Addis Insight

Business

M-PESA Ethiopia Posts 175% Surge in Active Users, Expands National Digital Ecosystem

M-PESA Ethiopia has reported exceptional performance over the past six months, marking a 174.8% year-on-year growth with 3.4 million active customers transacting within a 90-day period. The mobile financial platform processed 12.3 billion Birr in transactions, underscoring its growing influence in Ethiopia’s digital payments landscape. The company has also broadened its merchant base to over

November 7, 2025 • By Addis Insight

Business

HD Hyundai’s Sales in Ethiopia Surge 470% as Gold Mining Boom

South Korea’s HD Hyundai Infracore has reported an unprecedented 470 percent jump in equipment sales in Ethiopia this year, reflecting the country’s accelerating mining boom and rising appetite for industrial machinery. The company, which sells construction and mining equipment under the Develon brand, said it delivered around 1,300 units in 2025—its highest annual volume to

November 7, 2025 • By Addis Insight

Business

Ethiopia’s Capital Market Expands: ProInvest Capital Becomes 12th Licensed Service Provider

ADDIS ABABA, November 3, 2025 – The Ethiopian Capital Market Authority (ECMA) today announced it has granted a Capital Market Service Provider (CMSP) license to ProInvest Capital PLC, marking another step in the rapid formation of the nation’s new financial ecosystem. The license, officially issued today, authorizes ProInvest Capital to operate in the Securities Investment

November 3, 2025 • By Addis Insight

Business

Ethiopian Airlines Takes Delivery of 21st Airbus A350-900 — A Milestone in Fleet Modernization

Addis Ababa, May 30, 2026 — Ethiopian Airlines announced the delivery of its 21st Airbus A350-900 (registered ET-BCE), a milestone the national carrier said would “further enhance its modern and comfortable service to its passengers” while reinforcing its leading role in African aviation. The addition of another next-generation widebody jet marks a significant step in

November 1, 2025 • By Addis Insight

Business

African Union Launches $30 Billion Plan to Modernize Aviation Infrastructure

Addis Ababa – October 31, 2025 — The African Union (AU) has announced a landmark US$30 billion continental aviation modernization initiative aimed at transforming Africa’s air transport systems and fully operationalizing the Single African Air Transport Market (SAATM) — one of the flagship projects of the AU’s Agenda 2063. The plan was unveiled by Amani

October 31, 2025 • By Addis Insight

Business

Ethiopian Airlines and Chapa Partner to Enable Seamless Card Payments for Ethiopian Travelers 

Addis Ababa, Ethiopia — October 30, 2025 — Ethiopian Airlines, Africa’s largest airline group, and Chapa Financial Technologies S.C., Ethiopia’s leading fintech company, have entered a strategic partnership to enable local card payments for Ethiopian customers purchasing tickets through the airline’s digital platforms.  This collaboration supports Ethiopia’s digital transformation by offering secure, frictionless payments through

October 31, 2025 • By Addis Insight

Business

First Addis Investment Bank Enters Ethiopia’s Emerging Capital Market

Ethiopia, one of Africa’s six largest economies, is home to more than 2.2 million businesses and 32 commercial and development banks. Yet, despite this growth, the country’s financial sector remains underdeveloped in terms of access to finance and capital market participation. Until recently, most Ethiopians had limited exposure to financial services beyond traditional savings and

October 30, 2025 • By Addis Insight

Business

Ethiopia Announces New Fuel Market Share Formula by City

The Ethiopian government has unveiled a new market share formula for fuel products, aimed at ensuring fair distribution across the country. The formula categorizes cities into five groups based on economic activity, population, and other relevant factors. Under the new system: Officials emphasized that the new system is designed to address distribution challenges and improve

October 30, 2025 • By Addis Insight

Business

Berhan Bank Reports 54.7% Earnings Per Share in 2024/25 Financial Year

Berhan Bank S.A. held its 16th Annual General Meeting of Shareholders on October 18, 2018, at Millennium Hall in Addis Ababa. During the meeting, the Chairman of the Board of Directors, Ato Iligo Legesse, presented the Bank’s annual performance report for the fiscal year ending June 30, 2025. He highlighted the bank’s strong financial performance

October 30, 2025 • By Addis Insight