Business
Business
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Parliament passes real estate law with stricter requirements, mandates 80% project completion before home transfers
A housing project currently under construction in Addis Abeba by Ayat Real Estate (Photo: Addis Standard) Addis Abeba – Legislators have…
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KEFI Gold and Copper secures critical metals exploration license in Konso, Ethiopia
Harry Anagnostaras-Adams, KEFI’s Executive Chairman. Photo: Screenshot Addis Abeba – KEFI Gold and Copper plc, a company specializing in gold…
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New report reveals concentration of banking loans among few borrowers persists, agriculture sector sidelined
(Photo: AFP) Addis Abeba – A striking imbalance persists within Ethiopia’s banking industry, where a mere 0.5% of borrowers hold nearly…
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Ethiopia to receive additional $251 million from IMF following staff-level agreement on second review of $3.4 billion ECF deal
Kristalina Georgieva, Managing Director of the International Monetary Fund (left), and Ahmed Shide, Ethiopia’s Minister of Finance (Photo: Embassy of…
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Council of Ministers approves nearly 600 billion birr supplement, raising total budget to 1.5 trillion birr
(Photo: Office of the Prime Minister) Addis Abeba – The Council of Ministers has authorized a substantial supplementary funding of 581.98 billion…
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Shops in Merkato remain shut for over a week as merchants challenge new receipt-based transaction requirement
Photographs taken on 18 November, 2024, capture the business slowdown and shop closures in Merkato (Photo: Addis Standard) Yishak Endris…
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Can Ethiopia’s new real estate bill address industry scandals, close regulatory gaps in a growing market?
Haile Real Estate, located in Ayat area, Lemi Kura sub-city, Addis Abeba, provides quality residential buildings with nearby amenities. (Photo:Addis…
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NBE eases rules for exporters, allowing 50% retention of foreign currency earnings
Mamo Mihretu, Governor of the National Bank of Ethiopia (Photo: ENA) Addis Abeba – The National Bank of Ethiopia (NBE) has revised…
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Drivers queue for days as Hawassa’s fuel shortage reaches crisis point; black market prices hit 170 birr per liter
Drivers in Hawassa report that, due to the ongoing fuel shortage in the city, it has become customary to wait…
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Gov’t pulls plug on Franco Valuta imports; sets two-week deadline to finalize ongoing transactions
(Photo: Social Media) Addis Abeba – The Ethiopian government has officially banned the importation of goods using Franco Valuta, effective immediately. A…
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