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Sunday, June 23, 2024

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Bill proposes to allow banks to hire foreign nationals The Council of Ministers has forwarded to Parliament a draft Banking Business Proclamation that envisages permitting foreign banks full or partial ownership of domestic commercial banks. The draft tabled to lawmakers this week proposes to allow regulators at the central bank...

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Federal Auditor calls for recovery of mismanaged funds

Advocates for strong financial audits before stock market entry A report from the Office of the Auditor General reveals that government offices only managed to...

Operators decry VAT obligation on ailing tourism sector

Finance Ministry leaves tax exemption petitions to cabinet The Tour Operator Association has demanded that the tourism sector, considered an export industry, should be...

Special Fund in pipeline to finance Green Legacy, restore degraded lands

Proclamation seeks up to one percent of annual budget The federal government is considering the establishment of a special fund to mobilize resources and finance...
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Gov’t seeks budget for nuclear science and tech center feasibility study

The federal government has allotted 62 million birr to conduct a feasibility study for the establishment of a Nuclear Science and Technology Center during...

TotalEnergies eyes customs duty cuts for EV charging infrastructure ambitions

TotalEnergies Marketing has urged the federal government to amend customs duty requirements to facilitate the import of electric vehicle (EV) charging equipment. The French multinational...

Ethiopia urges formation of Nile River Basin Commission, fast regional integration

 The third edition of the Annual Forum on Regional Integration and Reasonable Utilization of the Nile (AFRIRUN III) was held in Addis Ababa, Ethiopia,...
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NBE ups gold purchase premiums in bid to fight smuggling

The National Bank of Ethiopia (NBE) has raised its gold purchase rates as it looks to lure miners away from a lucrative contraband market. Since...

Loan exposure worries give rise to barrage of NBE directives

Central bank Governor Mamo Mihretu has introduced a series of new rules for the banking industry as he looks to counteract growing credit concentration,...

Bills look to grant broader investigative powers over money laundering, terrorism financing

MPs fear bills aim at muffling opposition parties Lawmakers deliberated this week on two bills that seek to authorize the government to undertake special...
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Influx of fuel business license requests prompts investigation

The National Fuel Reform Steering Committee has launched a probe into what it says is an unusually large number of businesses applying for permits...

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