New International Convention Center in Addis Ababa Ready for Official Opening Today
Addis Ababa, Ethiopia – The grand opening of the New International Convention Center today marks a major milestone in Ethiopia’s efforts to establish itself...
Addis Ababa City Administration Introduces New System for VAT Taxpayers to File Monthly Returns
The Addis Ababa City Administration Revenue Bureau has announced the introduction of a new system for over 62,000 VAT taxpayers, designed to enhance VAT...
Ethiopia’s Bitcoin Mining Boom: The Cheapest in the World, But at What Cost?
Key Findings
Mining 1 Bitcoin in Ethiopia costs approximately $1,986, making it one of the most profitable locations for Bitcoin mining.
Ethiopia ranks 2nd globally in...
National Bank of Ethiopia Announces Exchange Rate of 135 Birr per USD Following Special ForEx Auction
Addis Ababa, Ethiopia – The National Bank of Ethiopia (NBE) has announced that the average exchange rate for the US dollar reached 135.6185 Birr...
Ethiopia Nears Final Negotiations for WTO Membership
Addis Ababa, Ethiopia – Ethiopia is set to engage in a critical round of negotiations by the end of February or early March as...
National Bank of Ethiopia to Conduct $60 Million Foreign Exchange Auction
Addis Ababa, Ethiopia – February 24, 2025 – The National Bank of Ethiopia (NBE) has announced that it will conduct a Special Foreign Exchange...
