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Ethiopian economy takes a hit as export earning drops

In the face of an ongoing political volatility, the macroeconomic performance of Ethiopia, exacerbated by soaring double digit inflation and decline in export earning, is becoming a matter of grave concern to the nation, Ministry of Finance said this week.

Draft bill takes aim at key provisions of VAT proclamation

Enforced for the past 17 years, and in recent times becoming a tiresome affair to conduct business, a new draft bill has offered an improvement to key provisions of the VAT proclamation, vying for a more friendly business atmosphere than the one created by the existing law.

ICT EXPO to feature B2B, prizes, debates

The latest edition of Innovate Ethiopia – ICT EXPO Ethiopia 2019 - is set to be launched with hundreds of delegates descending onto the capital to participate in the event starting on June 6, 2019.

Noah to inaugurate residential complex

Noah Real Estate PLC, one of the Capital’s growing upscale real-estate holding companies, is set to inaugurate its latest project and is set to hand over 200 properties to home buyers in the Gurdshola area tomorrow, where it has also completed villas in the area, near the headquarters of the Ethiopian Economics Association.

China calls more African countries to join BRI

China has called on more African countries to join the Belt and Road Initiative (BRI), dubbed ‘project of the century,’ during the dialogue that was held on May 30, 2019 in Addis Ababa. The head of Chinese Mission to the African Union (AU), Ambassador Liu Yuxi, called on all parties to pool wisdom and strengths to join the cooperation under the BRI.