Ethiopian Capital Market Authority Issues Compliance Directive for Public Companies
Addis Ababa, February 4, 2025 — The Ethiopian Capital Market Authority (ECMA) has issued a public notice requiring all publicly held companies in Ethiopia...
Ethiopia and Russia Expand Non-Dollar Trade Amid Potential U.S. Tariffs
Ethiopia has strengthened its economic ties with Russia by reaching a new trade agreement that allows transactions in their respective national currencies, bypassing the...
Addis Ababa Revenue Bureau Establishes Quality Assurance Unit for Tax Audits
The Addis Ababa City Administration Revenue Bureau has announced the establishment of a new quality assurance unit to enhance the accuracy and fairness of...
Commercial Bank of Ethiopia Surpasses 1.4 Trillion Birr in Total Deposits
The Commercial Bank of Ethiopia (CBE) has achieved a significant milestone, with its total deposits exceeding 1.4 trillion birr. This accomplishment was announced during...
Ethiopian Shipping and Logistics Reports 9.3 Billion Birr Profit in the First Half of the Fiscal Year
Addis Ababa, Ethiopia – Ethiopian Shipping and Logistics (ESL) has recorded a 9.3 billion birr profit in the first half of the 2024/25 fiscal...
Ethiopia to Lift Lending Cap by September, Paving the Way for Credit Expansion
Ethiopia is set to remove its two-year-old lending cap by September 2025, a major shift aimed at stimulating credit growth and supporting economic expansion....
