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
27d ago
Subcategory
Business Insights
21 articles
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
Ethiopia Reaches Agreement to Restructure $1 Billion Eurobond
Official Creditor Committee Including China and France, Gives Green Light to Debt Deal
Jun 29, 2026