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...
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 public offerings and trading of documented...
Most Buildings in Addis Ababa Lack Insurance Coverage as Earthquake Risks Grow
Ethiopia has recently experienced a heightened seismic activity, with an earthquake originating from the Awash region making its way to Addis Ababa, leaving many...
Ethiopia Ships Fresh Produce to Europe for the First Time, Opening New Markets
Ethiopia has marked a new chapter in its agricultural sector by sending its first refrigerated shipment of fruits and vegetables to Europe, as announced...
