Economy
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A plea for evidence-based and relevant monetary policy
The headquarters of the National Bank of Ethiopia (Photo: Capital Finance International) By Ayele Gelan (PhD) Addis Abeba – In pursuit of…
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NBE reports inflation rate drop to 19.9% in June 2024
Addis Abeba – The National Bank of Ethiopia (NBE) has reported that the country’s inflation rate has decreased to 19.9%…
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New VAT amendment sparks heated debate over taxing essential services
A public consultation regarding the proposed amendment to the Value Added Tax (VAT) proclamation, convened by parliament on 18 June,…
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Auditor General exposes rampant financial mismanagement, massive overdue receivables
On 18 June 18, 2024, Meseret Demisse, the head of the Office of the Federal Auditor General, presented a startling…
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Ethiopia eyes new tax reforms to power its near trillion-birr budget for upcoming fiscal year
Finance Minister Ahmed Shide (Photo: HoPR/Facebook) Addis Abeba – With the proposed federal budget nearing one trillion birr for the upcoming…
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Ethiopia faces fiscal strain due to instability, high humanitarian spending
Finance Minister Ahmed Shide (right) and state minister Eyob Tekalgn presented the ministry’s nine-month report on 22 May, 2024 (Photo:…
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Ethiopia’s economy poised for 7.9% growth in current fiscal year, reports Minister Fitsum Assefa
Fitsum Assefa, minister of planning and development (Photo: MoPD) Addis Ababa – Ethiopia’s economy is on track for robust 7.9% growth…
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Revised land bill provides financial access to smallholder farmers through tenure certificates
On 14 May, 2024, legislators approved the amended Rural Land Management and Use Bill, which expands land use rights and…
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