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Central bank sevenfolds microfinance capital threshold
The National Bank of Ethiopia (NBE) has introduced a new directive that compels microfinance institutions (MFIs) to meet a minimum paid-up capital requirement 75...
Gold exports dropped 59% to 3-year low
One of Ethiopia’s major exports, gold, generated close to USD 117.4 million in exports during the first six months of the existing fiscal year,...
Hong Kong manufacturer leaves Bahir Dar Industry Park over AGOA market loss
-It is looking for buyers to sell machineries
- It laid off over 700 workers after paying compensation
Hop Lun, a Hong Kong-based company, has departed...
Cash-strapped Dire Dawa admin demands regional status
Charter revision underway
Members of Parliament (MP) representing Dire Dawa city administration requested the House of Federation (HoF) and House of Peoples' Representatives (HPR) to...
EU demands accountability for war, Ethiopia re-engagement
Pledges to repair diplomacy
The European Union (EU) has asked that the Ethiopian government ensure accountability for human rights violations and crimes committed in northern...
Sharing infrastructure with Safaricom earns ethio telecom 743.6 mln birr
Ethio telecom's infrastructure sharing agreement with the new telecom provider, Safaricom Ethiopia, has brought 743.6 million birr in revenue for the state giant during...
Corporation dispose of 500m birr unutilized fertilizer
The Ethiopian Agricultural Businesses Corporation is finalizing the disposal of fertilizer inputs worth over half a billion birr, following the decision by the Parliament...
Emirates intends to recruit Ethiopian cabin crew
Candidates who are interested in the possibility of becoming a member of Emirates Airlines' cabin crew team will have the opportunity to participate in...
Profit margin at gas stations quadruples, but dealers demand more
The profit margin of gas stations, which is determined by the government, quadruples. It is a measure that coincided with the nationwide fuel price...
Third fuel price adjustment in nine months goes into effect
Authorities raised fuel prices by about 10 percent, the third adjustment in less than nine months, as the government continued its plan to phase...
