Business

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

Government Allocates Around 300 million Birr for Digital Monitoring System

11d ago

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.

17d ago

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

25d ago

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

28d ago

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

Global Crypto Exchanges Remove Ethiopian Birr from Peer-to-Peer Platforms

Access to Major Trading Platforms Restricted Amid New Regulatory Crackdown

Jun 23, 2026

ENOC Finalizes Preparations to Supply Fuel to Ethiopian Market

Both parties have committed to optimizing fuel supply chains for Ethiopia while fast-tracking critical energy infrastructure development currently underway in Djibouti.

Jun 22, 2026