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Under-formation stock exchange secures 25pct capital, seven founding board members
Ethio telecom, Ethiopian Shipping and logistics Service Enterprise (ESLSE), Ethiopian Insurance Corporation (EIC) and Berhanena Selam Printing Enterprise have agreed to contribute portions of...
Coffee exporters under the microscope in regulator crackdown
The National Bank of Ethiopia (NBE) is probing claims that certain coffee exporters misused special lending benefits meant to facilitate their overseas trade operations.
Acting...
Conservation groups make urgent plea to PM: save Babile elephants
Irked by the scramble for pieces of land at Babile Elephant Sanctuary under the guise of agricultural investment, wildlife conservationists made a desperate call...
Political turmoil in Sudan forces relocation of COMESA judicial body
With rival military forces locked in deadly battle, East Africa's top trade court is temporarily abandoning its longtime headquarters in Sudan.
The ongoing conflict in...
Controversial property tax proposes selective exemptions
Controversial property tax draft exempts religious institutions and small residences, with eligibility determined by the Finance Ministry based on services rendered. Stakeholders will gather on September 25 to deliberate upon the implications of the draft proclamation.
New standard raises bar for fuel station land-plot requirement to 2,000 sqm
A draft fuel station standard in Ethiopia requires a minimum land area of 2,000 square meters, posing challenges for investors in Addis Ababa. The standard, intended to improve efficiency and combat smuggling, challenges investors in Addis Ababa due to the high cost of land. This calls for a careful balance between promoting growth and ensuring economic viability.
Central bank nods to long-awaited currency convertibility assurance
The National Bank of Ethiopia (NBE) is committed to offering the much-anticipated guarantee of converting local currency funds to hard currencies for foreign investments...
Regulator issues stern warning to CSOs over banking transgressions
Ethiopia's civil society regulator has issued a stern warning to non-profit organizations after suspicions of improper bank account use and foreign currency diversions.
Failing to...
Tourism Ministry poised to relax tight licensing rules
The tourism industry is planning to introduce eased restrictions if proposed changes to licensing rules take effect.
After being sidelined for years, a directive overhauling...
Ethiopia’s bond market poised for transformation with new trading platform
IFC, Authority partnership to birth Ethiopia’s secondary bond market
Ethiopia's bond market is at a turning point as authorities prepare to introduce a new secondary...
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