Business

Ethiopian Airlines Expands MRO Facility, Cementing Position as Africa’s Aviation Leader

ADDIS ABABA, Ethiopia – Ethiopian Airlines has unveiled a major expansion of its Maintenance, Repair, and Overhaul (MRO) complex at Bole International Airport, a $150 million project that positions Ethiopia as the largest aircraft maintenance hub in Africa. The new facilities, constructed by China Communications Construction Company, are set to significantly boost the airline’s maintenance

July 24, 2025 • By Addis Insight

Business

Ethio Telecom Reports 162 Billion Birr Revenue and 4.9 Trillion Birr in Telebirr Transfers in 2017 Fiscal Year

Addis Ababa – July 24, 2025 – Ethio Telecom has reported a strong financial and operational performance for the 2017 Ethiopian fiscal year (2024/2025), achieving 162 billion birr in revenue, amounting to 99% of its annual target. The announcement was made by CEO Frehiwot Tamiru, who highlighted the company’s multifaceted contribution to advancing Digital Ethiopia

July 24, 2025 • By Addis Insight

Business

Creative Hub Ethiopia Set to Inaugurate National Innovation Space at Historic Arada Post Office

Addis Ababa, Ethiopia – July 28, 2025 — In a bold fusion of heritage and innovation, Creative Hub Ethiopia is set to inaugurate a landmark innovation and entrepreneurship space at the historic Arada Post Office, breathing new life into one of Addis Ababa’s most treasured architectural icons. Slated for launch on Monday, July 28, 2025,

July 24, 2025 • By Addis Insight

Business

Ethiopia Unveils First Treasury-Bill Issuance Calendar, Marking Milestone in Public Finance Reform

Addis Ababa, July 22, 2025 — In a landmark move to modernize Ethiopia’s public finance framework, the Ministry of Finance has released the country’s first-ever issuance calendar for Treasury bills, signaling a major shift toward a market-based approach to deficit financing. The three-month issuance calendar outlines a schedule for domestic-currency Treasury bill auctions, aiming to

July 22, 2025 • By Addis Insight

Business

Ethiopia Overhauls Procurement Rules for State-Owned Enterprises with New Directive

ADDIS ABABA – The Ethiopian Ministry of Finance has officially released Directive 1070/2025, a sweeping new framework designed to modernize and standardize the procurement processes for all Federal Government Owned Enterprises (SOEs). The directive aims to boost efficiency, enhance transparency, and ensure greater value for money in a critical sector of the nation’s economy. The

July 22, 2025 • By Addis Insight

Business

How to Start Trading on CBE Capital: A Beginner’s Guide for Ethiopians Entering the Stock Market

As Ethiopia’s financial sector modernizes and expands, more Ethiopians are gaining access to a once-unreachable world: stock market investing. With the Ethiopian Securities Exchange (ESX) now operational and CBE Capital acting as a licensed broker, individuals can officially begin buying and selling securities—right from home or through designated channels. If you’re new to this game

July 21, 2025 • By Addis Insight

Business

House of People’s Representatives Unanimously Approves Ethiopian Startup Proclamation

House of People’s Representatives Unanimously Approves Ethiopian Startup Proclamation The House of People’s Representatives, during its second emergency session of the fourth year of its current term, has unanimously passed the much-anticipated Ethiopian Startup Proclamation. According to Dr. Negeri Lencho, Chairman of the Standing Committee on Human Resources, Employment, and Technology Affairs, the proclamation marks

July 17, 2025 • By Addis Insight

Business

Ethiopian Parliament Approves Major Amendment to Federal Income Tax Law to Align with Digital Economy

Addis Ababa, Ethiopia — July 17, 2025In a significant legislative development, the House of Peoples’ Representatives has approved a draft amendment to the longstanding Federal Income Tax Proclamation. The decision was made during the House’s second emergency session held today, signaling the government’s push toward modernizing its fiscal framework to reflect evolving economic realities. The

July 17, 2025 • By Addis Insight

Business

Ethiopia’s First Securities Exchange Begins Trading

Ethiopia’s long-awaited securities exchange has officially launched trading, introducing a secondary market for government treasury bills (T-bills) in electronic form. The milestone event was held at the Sheraton Addis Hotel, organized in collaboration with the National Bank of Ethiopia (NBE), the Ethiopian Capital Market Authority (ECMA), and the Ethiopian Securities Exchange (ESX). It brought together

July 12, 2025 • By Addis Insight

Business

Ethiopia Proposes Raising Top Income Tax Threshold to 14,000 Birr

A new bill tabled in Ethiopia’s House of People’s Representatives aims to increase the threshold for the highest income tax rate, moving the point at which the 35 percent tax applies from 10,900 birr to 14,000 birr. The current top rate and its threshold were established by the 2008 Income Tax Proclamation, which set the 35 percent

July 9, 2025 • By Addis Insight