The National Bank of Ethiopia (NBE) has completely lifted its temporary credit growth restrictions on commercial…
Category: Business and Economy
World Bank Shifts Strategy in Ethiopia, Prioritizing Job Creation Over Mega Projects
The World Bank has officially announced a major policy shift in its upcoming 10-year Country Partnership…
Addis Ababa Imposes 5% Municipal Tax on Hotel and Accommodation Services
The Addis Ababa City Administration has enacted a new regulation introducing a five percent municipal tax…
Ethiopia and Kenya Sign New Power Supply Agreement to Boost Regional Energy Trade
Ethiopia and Kenya have officially signed a new cross-border power supply agreement establishing a baseline tariff…
Addis Ababa Enacts New Directive to Regulate Construction Mineral Extraction
The Addis Ababa Environmental Protection Authority has officially issued a comprehensive new regulation, Directive No. 191/2018,…
Addis Ababa Launches Residential Lease Registration With 11.5% Rent Cap
The Addis Ababa Housing Administration Bureau has officially launched a mandatory residential lease registration program across…
Addis Ababa Hosts Key Economic Diplomacy and Export Forum
Addis Ababa recently hosted a high-level Economic Diplomacy and Export Forum aimed at boosting international trade,…
Ethiopia Approves 2.34 Trillion Birr Budget, Announces New AI University
The Ethiopian House of People’s Representatives has officially approved a 2.34 trillion Birr federal budget for…
Ethiopia Approves $295 Million Share Purchase to Join BRICS New Development Bank
The Ethiopian Council of Ministers has officially approved a proposal for the country to join the…
Ethiopia and Kenya Introduce New Border Trade Directive for Frontier Communities
Ethiopia and Kenya have launched a new border trade directive designed to regulate and facilitate commerce…