News - Transport
On Tuesday, May 27, BIFA and EFFSAA formalized a Memorandum of Understanding (MoU) aimed at facilitating knowledge and experience sharing
Jun 09, 2025
Latest News
News - Financial
Afreximbank conducted a two-day roadshow in Addis Ababa, its second in four years, on June 2-3, 2025 at Hayat Regency Hotel. Ethiopia has accessed …
Jun 09, 2025
News - Financial
CBE is now offering an additional 10 birr bonus per dollar on all remittance earningsThis effectively brings the total payout to 141 bir
May 28, 2025
Electric
The company unveiled its AION Y and ES9 modelsThe Ethiopian government has already banned the production, import, and assembly of gas-powered carsmore than 100,000 …
May 22, 2025
News - Financial
NBE has increased the import advance limit from 5,000 USD to 50,000 USD per import transactionNBE has improved the limit for Ethiopians who travel …
May 20, 2025
News - Transport
Gulf Ingot has established a presence in Dire Dawa, a major commercial hub near the Djibouti border, as well as in Addis Ababa. It …
May 20, 2025
News - Financial
‘Zemen Gebeya’ brings together consumers, vendors, and delivery services, much like Amazon or Alibaba. It is equipped with a merchant portal, logistics management system, …
May 14, 2025
News - Financial
DEIC to take control of Bishoftu Automotive Engineering Industry and High Tech Engineering, both of which were previously under EEG. When the Council of …
May 14, 2025
Electric
Charging equipment for electric vehicles will be exempt from taxThe draft policy widens that tax gap by imposing a
May 14, 2025
News - Financial
The CCCA launches with 15 founding members representing key sectors such as agriculture, construction, manufacturing, telecommunications, energy, and healthcare, with plans to expand membership …
May 09, 2025
News - Transport
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May 09, 2025
News - Financial
While the gap between the official and black-market rates has narrowed from over 100% to around 8%, the rates should be nearly identicalCurrently, many …
May 09, 2025
News - Financial
The facility, approved under the AfDB’s Transaction Guarantee Product, will allow Dashen Bank to issue letters of credit and other trade instruments backed by …
May 02, 2025
Regulations - Financial
It proposes a legal framework that enables foreign ownership of real estate while preserving citizens’ rights to land use. The measure is designed to …
May 02, 2025
News - Financial
Key conditions for disbursement included the government issuing a 900 billion birr bond, which is a prerequisite for CBE to receive USD 250 million …
May 01, 2025
News - Financial
Will steer 10 billion Br to small- and medium-size enterprises, four billion Birr to finance smartphones and other devices, and 1. 3 billion Br …
May 01, 2025
News - Financial
the same rating it issued after Ethiopia failed to pay the first USD 33 million coupon on its USD one billion Eurobond in December …
May 01, 2025
Diesel/Gasoline
- Kerchanshe_Auto, the motor vehicles division of the Kerchanshe Group, will soon start the work of assembling Geely vehicles locally
Apr 30, 2025
News - Financial
The directive allows foreign investors to engage in the export trade of raw coffee, khat, oilseeds, pulses, hides and skins, forest products, poultry, and …
Apr 14, 2025
Electric
China’s Golden Dragon Bus has delivered 100 electric buses to Ethiopia’s Belayneh Kindie Group (BKG)
Golden Dragon’s presence in the country has expanded steadily, with nearly 900 new energy buses now in operation across EthiopiaGolden Dragon and BKG began …
Apr 11, 2025
Regulations - Transport
Taxis that do not operate until 10:00 PM in Addis Ababa will face a fine of 5,000 birrBanks are also now required to remain …
Apr 11, 2025
Regulations - Financial
The National Bank of Ethiopia (NBE) confirmed the repeal of the decades-old Establishment Proclamation No. 691/2000, replacing it with the more robust NBE Proclamation …
Apr 09, 2025
News - Transport
The new prices mark significant hikes from the last adjustment on January 7, 2025, which held steady through FebruaryFuel typeold price(Birr)new price(Birr)% changeGasoline101. 47112. …
Apr 09, 2025
Regulations - Financial
The event, jointly organized by government institutions, the private sector, and development partners, is expected to draw over 1,000 global participants, according to the …
Apr 08, 2025
News - Financial
- The directive mandates a minimum paid-up capital of five billion birr—approximately 39. 7 million US dollars at the current average exchange rate of …
Apr 08, 2025
News - Financial
- This decision aims to allocate a portion of the foreign exchange accumulated at the NBE to the private sector. - The auctions will …
Apr 08, 2025
News - Financial
CBE Capital SC and Wegagen Capital Investment Bank SC have acquired investment banking licenses
Apr 07, 2025
Electric
- This expansion into Ethiopia, Green Motion’s 80th destination, follows a two-year negoti
Apr 07, 2025
News - Transport
- EDR has successfully obtained a Multimodal Transport Operation (MTO) license, marking its official entry into the competitive logistics sector- A year prior, EMA …
Apr 06, 2025
Electric
- Featuring three charging modalities, the station can simultaneously charge up to 32 electric vehicles, ensuring convenience and efficien
Apr 06, 2025