In a major development for the local digital currency landscape, Wallet, the prominent cryptocurrency platform…
Category: Business and Economy
Ethiopia’s $1B Eurobond Talks Collapse as Creditors Reject Revised Debt Deal
Negotiations between the Ethiopian government and international investors holding the nation’s $1 billion Eurobond have…
Ethio Telecom Verifies 96 Percent of Share Buyers Ahead of Capital Market Debut
Ethio Telecom has announced that 95 percent of individuals who applied to buy shares in the…
National Bank of Ethiopia Removes Export Permit Restrictions for China
The National Bank of Ethiopia (NBE) has lifted all previous restrictions on export permits for goods…
Ethiopia’s Ministry of Revenues to Pay Interest on Delayed VAT Refunds Under New Directive
The Ministry of Revenues has officially issued the Value Added Tax (VAT) Refund Directive No. 1132/2026,…
Ethiopia’s Central Bank Eases Foreign Exchange Rules and Caps LC Fees
The National Bank of Ethiopia (NBE) has announced major amendments to its foreign exchange directive to…
Ethio-Dubai Business Forum Held in Addis Ababa; Bilateral Trade Volume Surpasses $6 Billion
The Ethio-Dubai Trade and Investment Forum was held today at the Sheraton Addis Hotel in Addis…
Arsenal Title Triumph Triggers 70% Jersey Price Surge in Addis Ababa
Arsenal’s historic Premier League title win on Tuesday, ending a grueling 22-year drought, has triggered…
Reading Culture Decline Forces Addis Ababa Book Distributors Out of Business
A sharp decline in the number of book readers in Addis Ababa has forced numerous book…
Rent Spikes Hit Addis Ababa Residents as 2-Year Ceilings Expire
Tenants in Addis Ababa are facing sharp rent increases of 50 to 100 percent following the…