Ethiopia Proposes Raising Top Income Tax Threshold to 14,000 Birr
A new bill tabled in Ethiopia’s House of People’s Representatives aims to increase the threshold for the highest income tax rate, moving the point...
Ethiopian Airlines Set to Launch First-Ever Flights to Australia
Ethiopian Airlines is preparing to launch passenger flights to Australia—the only continent it has not served in its eighty-year history. The new service will...
Ethiopia’s Securities Exchange Set to Begin Official Trading This Week
Ethiopia’s much-anticipated Securities Exchange (ESX) is poised to launch full-scale trading next week, marking a watershed moment in the country’s financial modernization journey. This...
CBE Achieves Historic ETB 1.69 Trillion in Total Deposits, Fueling Confidence in Ethiopia’s Banking Sector
The Commercial Bank of Ethiopia (CBE), the country's largest state-owned bank, announced on Tuesday that it has reached a record-breaking ETB 1.69 trillion in...
Ethiopian Parliament Approves Proclamation Granting Foreigners the Right to Own Immovable Property
Addis Ababa, June 24, 2017— Ethiopia’s House of People’s Representatives has formally approved a new proclamation granting foreign nationals the right to own immovable...
Safaricom Ethiopia’s Active Customer Base Surpasses 10 Million
Addis Ababa, June 24, 2017 — Safaricom Ethiopia has announced that its 90-day active subscriber base has reached 10 million customers nationwide, marking...
