Ethiopia to Enforce 30% Tax on Petroleum Products in Current Fiscal Year
The Ministry of Finance has announced that it will fully implement a 30% tax on petroleum products during the current 2018 fiscal year. The...
Commercial Bank of Ethiopia Strikes North America Remittance Deal With Ramad Pay
The Commercial Bank of Ethiopia (CBE), the country’s largest financial institution, has signed a memorandum of understanding (MoU) with Ramad Pay, a North America–based...
Ethiopian Interbank Money Market Hits 1 Trillion Birr in Cumulative Trades
Addis Ababa — Ethiopia’s interbank money market has crossed a symbolic threshold, with cumulative trades surpassing 1 trillion birr less than a year after...
Ethiopia Inks Nuclear Deal With Russia in Energy Sovereignty Push
Ethiopia and Russia have signed a landmark action plan to begin constructing Ethiopia’s first nuclear power plant, a project poised to reshape the East...
Ethiopia Unveils Record 1.93 Trillion Birr Citizens’ Budget to Power Post-War Recovery and Growth
Addis Ababa — Ethiopia’s Ministry of Finance has released a record-breaking 1.93 trillion birr ($33.7 billion) national budget for the Ethiopian Fiscal Year (EFY)...
Ethiopia’s T-Bill Market Draws Heavy Bids as Finance Ministry Reforms Gain Traction
Addis Ababa — Ethiopia’s Treasury-bill market is attracting record investor interest after a series of debt-market reforms, signaling a new phase of domestic borrowing...
