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Regulating housing sector

The emergence of low-cost, condominium housing in Ethiopia’s capital has really changed the way people live in this old nation. Strictly speaking most of these residential condominiums, which are structured as a series of apartment buildings sharing a common area and most of the time enclosed in gated compounds, are evolving to be unique urban centers.

IMF recommends NBE shun financing gov’t, DBE

The International Monetary Fund (IMF), in its latest round of the Article IV consultations with Ethiopian authorities, has advised the National Bank of Ethiopia (NBE) to halt financing the government and the policy bank, the Development Bank of Ethiopia (DBE).

FDI inflow drops to USD 2.5 bln

Once a champion in Foreign Direct Investment (FDI) attracting to the tune of USD 4.2 billion, Ethiopia’s FDI has slowed to USD 2.5 billion, landing at the lowest amount recorded since 2016, The Reporter has learnt.

New excise tax amendment to see further improvement

New and controversial Excise Tax Amendment bill which has been forwarded to the Budget Affairs Standing Committee of the House of Peoples’ Representatives (HPR) is said to see further changes this week, especially regarding new imported vehicles, cigarettes and bottled water, The Reporter has learnt.

Fintech champion to head United Bank

The National Bank of Ethiopia (NBE) has approved the appointment of Melaku Kebede, who was serving United Bank as a senior Deputy CEO –Strategy &Technology, as the new Acting Chief Executive Officer (CEO) replacing Taye Debekulu, who has led the bank for six years.