The Addis Ababa Chamber of Commerce and Sectoral Associations (Addis Chamber), in collaboration with the Dubai…
Category: Business and Economy
China Surpasses U.S. to Become Third-Largest Importer of Ethiopian Coffee
China has officially overtaken the United States to become the third-largest buyer of Ethiopian coffee, driven…
GERD’s Nigat Lake Fish Yield Surpasses Targets Amid Local Growth and Cooperative Challenges
A total of 11,367 tons of fish were harvested from Nigat Lake at the Grand Ethiopian…
Tewolde Gebremariam Selected to Lead Privatized Pakistan International Airlines
Pakistan International Airlines (PIA) has selected former Ethiopian Airlines Group Chief Executive Officer Tewolde Gebremariam as…
National Bank of Ethiopia Lifts Credit Caps, Raises Policy Interest Rate to 16%
The National Bank of Ethiopia (NBE) has completely lifted its temporary credit growth restrictions on commercial…
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…