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 reform program to tackle long-standing economic challenges...
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 its trading activities as a majority...
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 seven-week machinist strike on the carrier’s...
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 portions of land in Bishoftu are...
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 growth of 0.92% compared to the...
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 the rate from 15 percent to...
