Federal prosecutors have filed severe corruption and money laundering charges against the former manager of the…
Category: Business and Economy
Ethiopia’s Beef Crisis: When One Kilo Costs a Worker’s Monthly Wage
Ethiopia is facing a severe cost-of-living crisis as skyrocketing beef prices—surpassing 6,000 birr per kilogram in…
Federal Police Arrest 37 Suspects in Massive 200 Million Birr Mobile Banking Fraud Ring
The Ethiopian Federal Police have apprehended 37 suspects linked to a sophisticated mobile banking fraud scheme…
Ethiopian Inflation Surges to 14.9% as Sweeteners, Meat, and Transport Costs Spike
Ethiopia’s general annual inflation rate rose to 14.9% in September, climbing from 13.2% recorded during the…
National Bank of Ethiopia Allocates $840 Million to Foreign Exchange Auctions
The National Bank of Ethiopia (NBE) has allocated $840 million for foreign exchange auctions during the…
Addis Ababa Revenues Bureau Unveils Transitional Tax Directive for Small and Medium Businesses
The Addis Ababa City Administration Revenues Bureau has officially issued a special transitional directive to…
Calls Mount in Addis Ababa to Simplify Business License Closure Procedures
The Addis Ababa Chamber of Commerce and Sectoral Associations hosted a panel discussion yesterday with city…
Ethiopian Airlines Expands Global Reach with Landmark 10-Boeing Freighter Deal
Ethiopian Airlines has officially signed a major agreement with the Boeing Company to acquire 10 new…
Dangote Group Launches Landmark Ethiopia-Djibouti Oil Pipeline Project
Ethiopian Prime Minister Abiy Ahmed, Djiboutian President Ismail Omar Guelleh, and Dangote Group founder Aliko Dangote…
Ethiopian Airlines Temporarily Suspends All Domestic Flights to Tigray Region
Ethiopian Airlines has officially suspended all domestic flight operations to the Tigray region, including destinations to…