Ethiopia Set to Begin Electricity Exports to Tanzania via Kenya
Ethiopia is preparing to commence electricity exports to Tanzania through Kenya, marking a significant step in cross-border energy…
Category: Market
Ethiopia Approves 581 Billion Birr Supplementary Budget for 2024/25
In a significant session, Ethiopia’s Council of Ministers convened for its 40th regular meeting, deliberating on a range…
PM Dr. Abiy Inaugurates Ethno Mining Gold Factory
Prime Minister Abiy Ahmed (Dr.) today inaugurated the Ethno Mining Gold Factory, constructed in the Gambella Regional State.…
Importers Face Delays and Risks in Ethiopia’s New Forex Regime
Floating Exchange Rate Sparks Concerns Over Exchange Rate Risk in Ethiopia Ethiopia has recently launched a comprehensive macroeconomic…
Merkato Shuts Down Amid Disputes Over Receipt-Based Trading Requirements
Addis Ababa, Ethiopia – Merkato, the largest commercial hub in Addis Ababa, has seen a significant disruption in…
Ethiopian Airlines Faces Setbacks Due to Boeing Strike but Remains Optimistic About Growth
Addis Ababa, Ethiopia — Ethiopian Airlines CEO Mesfin Tasew has expressed concerns over the impact of Boeing’s recent…
Residents Ordered to Leave Bishoftu Amid Land Leases to Emirati Investors
In an effort to position the city as an “East African tourism center,” reports have emerged that significant…
Abyssinia Bank Reports Over 5 Billion Birr Gross Profit for 2023/24 Fiscal Year
Abyssinia Bank has reported a gross profit of 5.28 billion birr for the 2023/24 fiscal year, representing a…
Ethiopian Government Raises Customs Duty on Imported Electric Vehicles
In a notable policy shift, the Ethiopian government has increased customs duty on imported electric domestic vehicles, raising…
Ethiopian Capital Market Authority’s First Investment Directive Approved at the 2024 Capital Markets Summit
The Ministry of Justice has recently approved groundbreaking guidelines from the Ethiopian Capital Markets Authority (ECMA) focused on…
