Ethiopia Opens Doors to Foreign Banks: Landmark Proclamation Paves the Way for International Investment
In a significant move to modernize Ethiopia’s financial landscape, the National Bank of Ethiopia (NBE) has secured approval for its draft proclamation, introducing transformative...
Addis Ababa City Administration Implements Mandatory Fayda National ID Registration System
The mandatory registration number system has been established for all government institutions under the Addis Ababa City Administration.The Director General of the Addis Ababa...
Deloitte Reopens Office in Ethiopia After Six Years, Strengthening Commitment to Local Growth
Deloitte has officially reopened its office in Addis Ababa, Ethiopia, after a six-year absence, marking a significant step in the firm’s renewed focus on...
Federal Court Fees Surge by 500% in First Revision in 72 Years
The draft law to revise court fees for federal courts was approved today by the House of People’s Representatives. This legislation imposes a fee...
Ethiopia’s New Duty-Free Condom Policy Aims to Curb HIV Transmission
In a significant move to combat the spread of HIV/AIDS in Ethiopia, the Ministry of Finance has granted a duty-free import status to condoms,...
National Bank of Ethiopia Launches New 50% Foreign Currency Retention Policy Starting Tomorrow
The National Bank of Ethiopia (NBE) has announced that starting tomorrow, exporters will have the option to sell 50 percent of the foreign currency...
