Government inches to build palace for over 49 billion birr
The Office of the Prime Minister is under preparations to construct a new national palace to the tune of 49 billion birr, becoming the...
Ethio telecom, Ethiopian Airlines reach deal over safety of 5G
Ethio telecom says an agreement with Ethiopian Airlines over the installation of 5G technology around Bole International Airport has been reached. The agreement was...
EU to decide financing, reengagement with Ethiopia
Member States of the European Union, which will hold a meeting in the coming June, will decide on the Union's financial and overall re-engagement...
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Gov’t permits foreign-owned manufacturers to supply to local market
NEWSBut they are required to pay taxes to import inputs and forgo incentives
Foreign-owned manufacturers operating in Ethiopia can supply their products to the local...
Bill to allow gradual opening of financial sector
The National Bank of Ethiopia (NBE) is revising the Banking Business Proclamation, as part of its legal framework amendment aimed at allowing foreign banks...
Int’l energy suppliers to be paid in USD
They are not required to go through the usual profit repatriation process
Foreign companies involved in power generation, in partnership with the government, will be...
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Central Bank to green light ethio telecom’s micro credit permit request
The National Bank of Ethiopia (NBE) will green light ethio telecom’s request to offer a digital micro-credit and saving services via its Telebirr platform,...
Defense budget weighs on upcoming budget bill
It has reached 100 billion birr
Ethiopia’s defense budget for 2022/23 fiscal year is slated to be a staggering 100 billion birr, constituting significant pie...
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Ethiopia terminates $300 million solar power project with Saudi firm
Gad & Decheto solar power project no longer valid due to delays
A board formed to oversee Public Private Partnership (PPP) deals terminated a USD...