Fitch Upgrades Ethiopia’s Credit Rating Amid Economic Reforms and Eased Financial Pressures
October 28, 2024 – Fitch Ratings has raised Ethiopia’s Long-Term Local-Currency (LTLC) Issuer Default Rating to ‘CCC+’ from ‘CCC-‘, citing easing financial pressures and...
Ethiopian Shipping and Logistics Eyes Six New Ships to Meet Ethiopia’s Rising Import-Export Needs
Executives at Ethiopia’s state-owned Ethiopian Shipping and Logistics Services Enterprise (ESLSE) are advancing plans to add six bulk cargo ships to their fleet as...
The Impact of Government Regulations on Ethiopia’s Real Estate Market
Is Ethiopia’s Real Estate Losing its Balance?With a series of impactful economic reforms, Ethiopia's business environment is undergoing a significant transformation, impacting virtually all...
New VAT Proclamation No. 1341/2024 Set to Increase Chicken and Egg Prices, Warns Industry Expert
During a press conference leading up to the 13th Ethio Poultry Expo (ETHIOPEX), the 9th Africa Livestock Exhibition and Congress (ALEC), the 4th Apiculture...
Ethiopia’s Betting Ban: Physical Shops Shutter, but Digital Doors Open
Ethiopia’s ambitious crackdown on sports betting, which saw over 6,000 betting shops shut down across Addis Ababa and other cities, has been in effect...
New Salary Scale to Take Effect Nationwide Starting October, Says Finance Minister Ahmed Shide
Ahmed Shide, the Minister of Finance, has announced that October salary payments will commence using the newly revised pay scale.
"The new salary structure, effective...
