Business

Ethiopia at Risk of U.S. Travel Ban Amid Growing Immigration Scrutiny

Addis Ababa, Ethiopia – June 15, 2025 Ethiopia has been named among 36 countries facing potential travel restrictions to the United States, according to a classified memo from the U.S. State Department leaked to The Washington Post. The document, signed by Secretary of State Marco Rubio, signals a new chapter in U.S. immigration enforcement and

June 15, 2025 • By Addis Insight

Business

Ethiopia Opens Trade Sectors to Foreign Investors: New Directive Unlocks Export, Import, Wholesale, and Retail Markets”

ADDIS ABABA, Ethiopia — June 13, 2025 — In a sweeping policy reform aimed at attracting foreign capital and invigorating the country’s trade sector, the Ethiopian Investment Board has issued a landmark directive—Directive No. 1082/2025—lifting long-standing restrictions on foreign participation in export, import, wholesale, and retail trade. The move marks a significant departure from Ethiopia’s

June 13, 2025 • By Addis Insight

Business

Ethiopia Plans to Unveil 15% New Fuel and Vehicle Taxes to Bolster Public Revenue

The Ethiopian government is preparing to roll out a new set of fuel and vehicle taxes as part of a broader fiscal reform aimed at boosting domestic revenue and easing pressure on state finances. The plan includes a 15% value-added tax (VAT) on fuel, a 15% excise duty, and a newly proposed vehicle circulation tax

June 11, 2025 • By Addis Insight

Business

Ethiopia Proposes 1.93 Trillion Birr Budget for 2018 Fiscal Year

Addis Ababa — The Ethiopian federal government has presented a draft national budget of 1.93 trillion birr for the 2018 Ethiopian fiscal year, Finance Minister Ahmed Shide announced during a parliamentary session with the House of People’s Representatives. According to the breakdown of the proposed budget: Minister Ahmed stated that 1 trillion birr, or 73%

June 10, 2025 • By Addis Insight

Business

Dangote Reaffirms Investment Commitment in Ethiopia After Meeting with PM Abiy

Dangote Group Signals Renewed Commitment to Ethiopia’s Industrial Growth Following High-Level Meeting with PM Abiy Ahmed Addis Ababa, Ethiopia – June 7, 2025 In a major show of confidence in Ethiopia’s economic potential, Aliko Dangote, Africa’s richest man and Chairman of the Dangote Group, met with Prime Minister Abiy Ahmed today in Addis Ababa. The

June 7, 2025 • By Addis Insight

Business

Jaquar Group Opens Flagship Bath & Light Showroom in Ethiopia, Reinforcing Commitment to Innovation and Skills Development

“Jaquar is investing in community upliftment through professional training initiatives and certification programs aimed at building a skilled workforce.” Addis Ababa, Ethiopia – June 5, 2025 – Jaquar Group, a global leader in complete bathroom and lighting solutions, proudly announces the opening of its flagship showroom in Ethiopia. Located on the 1st floor of the

June 5, 2025 • By Addis Insight

Business

Ethiopia’s Birr Falls to 134.95 in Latest Foreign Exchange Auction as NBE Continues Biweekly Adjustments

June 5, 2025 – Addis Ababa The Ethiopian Birr fell to a new low of 134.9519 per U.S. dollar in Thursday’s foreign exchange auction, marking a continued slide in the local currency as the central bank faces growing pressure to manage dwindling reserves and rising demand. The National Bank of Ethiopia (NBE) announced that 12

June 5, 2025 • By Addis Insight

Business

Ethiopia Proposes Record ETB 2 Trillion Federal Budget for 2025/26 Fiscal Year

In a landmark move signaling the government’s commitment to economic transformation, Ethiopia’s Council of Ministers has approved a historic draft federal budget of nearly ETB 2 trillion (approximately $35 billion USD) for the 2025/2026 fiscal year. This record-breaking budget—the largest in the country’s history—has now been submitted to the House of People’s Representatives (HoPR) for

June 5, 2025 • By Addis Insight

Business

Ethiopia Enacts Landmark Startup Proclamation to Boost Innovation and Youth-Led Enterprises

Addis Ababa, June 5, 2025 — Ethiopia has taken a significant step toward fostering a vibrant startup ecosystem with the official endorsement of its first-ever Startup Proclamation. The new legal framework, announced by the Office of the Prime Minister, is aimed at creating a favorable environment for innovation-driven enterprises, particularly those led by youth, while

June 5, 2025 • By Addis Insight

Business

Ethiopia Introduces Sweeping Tax Reforms Targeting Digital Creators, Consultants, and High Earners

Addis Ababa – June 4, 2025 The Ethiopian government has tabled a comprehensive amendment to its federal income tax proclamation, signaling a major shift in the country’s fiscal framework to align with digital economy realities and bolster domestic revenue mobilization. The newly proposed changes, referenced as the “Income Tax Amendment Proclamation /2017,” were submitted to

June 4, 2025 • By Addis Insight