The Federal First Instance Court, Arada Division 1st Crime Bench, has granted police an additional seven…
Category: Business and Economy
Addis Ababa Unveils New Vehicle License Plate Tariffs with Major Discounts for Electric Vehicles
The Addis Ababa City Administration has officially announced a revised pricing tariff for new vehicle license…
MEXC Unexpectedly Removes Ethiopian Birr (ETB) from P2P Platform Ahead of Schedule
The global cryptocurrency exchange MEXC has officially removed the Ethiopian Birr (ETB) from its Peer-to-Peer (P2P)…
MIDROC Signs Historic $80M Loan Deal with IFC to Transform Ethiopia’s Hospitality Sector
MIDROC Investment Group has signed a historic $80 million long-term loan agreement with the International Finance…
Prosperity Party Dominates 24 Constituencies in Recent Election Results as Opposition Secures Few Seats
The Prosperity Party (PP) has secured the vast majority of seats across 24 constituencies, while opposition…
Council Approves 2.33T Birr Ethiopian Next Budget
The Ethiopian Council of Ministers has officially approved a historic 2.33 trillion birr draft budget for…
NBE Permits Embassies and Investors to Import Fuel via Franco-Valuta
The National Bank of Ethiopia (NBE) has officially implemented a new directive authorizing foreign embassies, international…
Ethiopia Grants First Foreign Investment Banking License to Nigeria’s United Capital
The Ethiopian Capital Market Authority (ECMA) has issued the country’s first foreign investment banking license to…
Federal Police Detain Suspect in “Viva Soft” Trademark Infringement Investigation
The Federal Police Crime Investigation Bureau has announced the arrest and investigation of a suspect, Mr.…
IMF and Ethiopia Reach Staff-Level Agreement to Unlock $468 Million Loan
The International Monetary Fund (IMF) and the Ethiopian government have reached a staff-level agreement on economic…