Business
News Alert: Ethiopian Investment Holdings floats 75 percent stake...
Ethiopian Investment Holdings (EIH) has confirmed that it has completed all the necessary preparations to sell a 75 percent...
Safaricom’s Ethiopian venture records loss, management eyes fresh capital
- It expects $257 million from IFC in equity injection, debt funding
- MPESA license secured for USD 150 million
Safaricom's...
Ethiopia mulls carbon tax on vehicles
The plan is to reduce emissions
Ethiopia's Finance Minister, Ahmed Shide, has revealed plans to introduce a new form of...
Sky-high taxes: experts call for reduced airfare in Africa
Airfare in Africa 50pc more expensive than other continents
High taxation on the aviation sector is discouraging air travel in...
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Commission sounds alarm over neighboring countries’ potential “snatch” of...
Ethiopian officials are keeping a watchful eye on neighboring countries' efforts to attract foreign investments away from Ethiopia.
The deputy...
Repatriation woes leave African airlines discontented
Forex crunch pushes 12 African countries, including Ethiopia, to withhold $1 billion
Leading African national airlines are unable to repatriate...
Inadequate credit leaves manufacturers disappointed, minister blames lenders
In nine months, only 3.3 billion birr have been made available
Ethiopia's underfunded industrial sector is facing a setback since...
M-PESA officially secures license in Ethiopia
The National Bank of Ethiopia (NBE) granted mobile money license for M-PESA. Safaricom has secured the license for M-PESA...
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Lack of forex to import fertilizer threatens agricultural output
Fertilizer procurement for the following year faces hurdles as acute forex shortages cause the Ministry of Agriculture to experience...
EV assembly nears completion, costs nearly 1 billion birr
40 charging stations are already installed
A new assembly line factory for electric vehicles (EVs) is three months away from...