Business

Ethiopian Electric Power Announces Tariff Hike for Crypto Mining Operations

Addis Ababa, Ethiopia – October 29, 2025Ethiopian Electric Power (EEP) has issued an official notification to all data mining customers in Addis Ababa, confirming a significant revision to electricity tariffs specifically tailored for cryptocurrency mining operations. The new pricing structure, set to take effect on December 1, 2025, introduces a Time-of-Use (TOU) billing system and

October 29, 2025 • By Addis Insight

Business

Ethiopia’s National Switch Records Strong Growth, Posts 1.42 Billion Birr Profit Before Tax

Addis Ababa, October 18, 2025 — Ethiopia’s national payment switch operator, EthSwitch S.A., has announced robust financial results for the last fiscal year, underscoring its growing role in the country’s expanding digital financial ecosystem. The company reported a 34% increase in total revenue, achieving a profit before tax of 1.42 billion birr, according to figures

October 28, 2025 • By Addis Insight

Business

Ethiopian Electric Power Posts 26.8 Billion Birr Revenue in Q1

Ethiopian Electric Power (EEP) reported a robust 26.8 billion birr in revenue from electricity sales during the first quarter of the current fiscal year, exceeding its target by 7.6%, signaling strong growth in both domestic and regional power markets. Andualem Siae, Executive Officer of EEP’s Transmission Business Sector, highlighted that the utility sold 7.88 terawatt-hours

October 28, 2025 • By Addis Insight

Business

Ethiopia’s Economic Milestone: Exporting More Goods Than Services for the First Time

On October 18, 2018, Prime Minister Dr. Abiy Ahmed announced a historic achievement for Ethiopia: for the first time, the country earned more from goods exports than from services. In a session of the House of People’s Representatives, he revealed that Ethiopia generated $8.3 billion from goods exports and $8.1 billion from services in the

October 28, 2025 • By Addis Insight

Business

Nib Bank Reports 2.9 Billion Birr Loss Following FX Market Unification Policy

Addis Ababa – Nib International Bank S.C. has reported a significant pre-tax loss of 2.9 billion birr for the fiscal year ended 2017, marking one of the largest annual losses recorded in Ethiopia’s private banking sector. In its latest annual report, the bank attributed the loss primarily to a foreign exchange (FX) revaluation adjustment of

October 27, 2025 • By Addis Insight

Business

How ICare Is Building an Inclusive E-Commerce Revolution in Ethiopia

By Addis InsightOctober 7, 2025 From TikTok to last-mile delivery, this Addis Ababa-based startup is transforming digital shopping and livelihoods in one of Africa’s most underserved markets. Helina was just a second-year Computer Science student when she noticed something broken in Ethiopia’s retail system: everyday essentials that are cheap and common elsewhere were scarce or

October 27, 2025 • By Addis Insight

Business

IMF Ranks Ethiopia Among Africa’s Most Indebted Nations

ADDIS ABABA — October 2025. The International Monetary Fund (IMF) has released its latest list of Africa’s most indebted nations, placing Ethiopia seventh with outstanding obligations totaling $1.59 billion. At the top of the list is Egypt, burdened with about $6.89 billion in IMF debt, followed by Côte d’Ivoire and Kenya, each owing around $3

October 26, 2025 • By Addis Insight

Business

Ethiopia Capital Market Authority Tightens Exchange Oversight

ECMA Mandates Independent Oversight for Exchanges, Details Strict New Supervision and Reporting Framework ADDIS ABABA — The Ethiopian Capital Market Authority (ECMA) has released a comprehensive new supervision guideline, establishing a rigorous framework for oversight, compliance, and governance for all market participants. Dated October 2025, the directive introduces significant new requirements aimed at bolstering market

October 24, 2025 • By Addis Insight

Business

NBE Issues Directive to Prevent Use of Personal or Third-Party Accounts for Commercial Transactions

Addis Ababa, October 2025 — The National Bank of Ethiopia (NBE) has issued a stern directive to all banking institutions to crack down on business operations conducted through individuals’ personal or third-party accounts. The move is part of a broader effort to strengthen financial oversight and address risks linked to tax evasion and illicit finance.

October 24, 2025 • By Addis Insight

Business

CBE’s New Service Fees Spark Outcry as 50 Birr Charges Hit Small Transfers

ADDIS ABABA – The Commercial Bank of Ethiopia’s (CBE) newly adjusted service fees officially took effect today, and early customer reactions on social media show widespread frustration. Screenshots circulating online reveal that interbank transfers under ETB 1,000 are now subject to a flat ETB 50 charge, a rate many customers say is disproportionate to the

September 30, 2025 • By Addis Insight