Business

National Bank of Ethiopia to Deploy Full Range of Indirect Monetary Policy Tools

Non-Food Inflation accelerates to 15.1 Percent, up from 12.2 Percent

2d ago

New Development Bank Surpasses World Bank and IMF with Superior Mechanisms, Economists Say

Hosting the bank's office in Addis Ababa will position the country as a financial system excellence hub and drive new innovations

Sep 29, 2026

Sports Betting and Lottery Firms Move 199 Billion Birr in Four Years, Audit Reveals

Funds Flow Surges as September 2018 Alone Records 20 billion Birr in Betting Transactions

Sep 21, 2026

Surveillance Cameras Installation Begins in Excise-Tax-Paying Manufacturing Plants

Government Allocates Around 300 million Birr for Digital Monitoring System

Aug 31, 2026

Regulation Issued Imposing Fines of Up to 500,000 Birr on Companies Failing to Disclose Beneficial Owners

This new regulation marks a major milestone in the authorities' efforts to combat money laundering and terrorist financing, and to establish a central beneficial-ownership registry.

Aug 25, 2026

Ethiopia Has 157 Million Mobile Money Accounts, But Fewer Than 15% Are Active

Overall activation rate below 15% reveals wide gap between registration and actual use

Aug 17, 2026

Soil-Derived Fuel Secures Official Approval for Vehicular Use

He also noted that significant results have been achieved in lithium mining, a critical resource for electric vehicles and future energy supply, alongside the biofuel

Aug 14, 2026

Grade B Taxpayers' Annual Tax Markedly Lower Than Employees' Tax

Meanwhile, an appeal mechanism has been put in place for any taxpayer lodging complaints over heavy taxation, it was learned.

Aug 6, 2026

OLA Energy-TotalEnergies Acquisition Agreement Suspended

The suspension was imposed due to concerns that the planned merger could allow a single company to dominate the market by capturing nearly half of the country's retail fuel share.

Aug 3, 2026

Fuel Stations Suspended After Investigation Reveals Systematic Under-Measurement

Investigation Reveals Systematic Under-Measurement of Fuel, With Stations Delivering Only 800-900 Milliliters per Liter

Jul 9, 2026

Total Energies exits Ethiopian market after 76 years

OLA Energy becomes Ethiopia’s largest foreign fuel distributor after full acquisition

Jul 2, 2026

Ethiopia and Kenya Unveil New Cross-Border Trade Guidelines

Trade Zone Limited to 50km in Ethiopia and 100km in Kenya

Jul 1, 2026