Business
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Gov’t raises fuel prices by up to eight birr per liter; experts, consumers warn of inflationary pressures
Addis Abeba – In one of the most significant fuel price increases in recent years, the Ethiopian government has raised retail fuel…
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Civil society coalition opposes delaying EU deforestation regulation amid extension requests from coffee-growing nations like Ethiopia
The impending European Union deforestation regulation, scheduled to come into force in December 2024, is anticipated to have a substantial…
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Central bank unveils $175 million sale to fund fuel imports via foreign exchange market
Mamo Mihretu, governor of the National Bank of Ethiopia (Photo: NBE/Facebook) Addis Abeba –In an effort to address upcoming fuel-related import…
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Gov’t unveils national standards to tackle rising prices, ensure quality at Sunday markets
(Photo: Addis Abeba Trade Bureau/Facebook) Addis Abeba – The Ministry of Trade and Regional Integration has announced the establishment of national standards…
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New EU deforestation regulation could slash Ethiopia’s GDP by as much as 0.6%, warns study
The new EU deforestation policy poses substantial challenges for the more than six million farmers in Ethiopia who are engaged…
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Ethio Telecom unveils ambitious expansion plans aiming for enhanced connectivity, subscriber growth
Firehiwot Tamiru, CEO of Ethio Telecom (Photo: Ethio Telecom/Facebook) Addis Abeba – Firehiwot Tamiru, CEO of Ethio Telecom, announced an ambitious plan…
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Ethio-Djibouti Railway unveils bulk cargo containerization service amid shortfall in annual carrying capacity
(Photo: Ethio-Djibouti Railway/Facebook) Addis Abeba – Ethio-Djibouti Railway S.C. officially launched its first bulk cargo containerization service on 09 September, 2024.…
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CBE’s elimination of two positions sparks mass layoffs for workers hired via Commercial Nominees
As part of the 15 outsourcing services it provides to its 35 institutional clients, Commercial Nominees offers Western Union Money…
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New CEO vows to revitalize debt-laden Ethio-Djibouti Railway into a profitable entity in three years
Takele Uma, a former Minister of Mines and Deputy Mayor of Addis Abeba, was appointed by Prime Minister Abiy Ahmed…
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Central bank revises gold pricing policy, eliminates guaranteed premium for local suppliers
(Photo: Social Media) Addis Abeba – The National Bank of Ethiopia (NBE) has announced a major overhaul of its gold pricing policy,…
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