Economy
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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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Empowering Customers: Why banks should eliminate charges for technology services
Banks in Ethiopia have shifted focus to digital banking that offset significant HR costs (Photo: Awash Bank/Facebook) By Demessie Girma…
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Commercial Bank of Ethiopia recovers 78% of 801.4 million birr lost in system glitch: President Abe Sano
Abe Sano, president of CBE (Photo: CBE) Addis Abeba – Abe Sano, President of the state-owned Commercial Bank of Ethiopia…
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News Analysis: Central bank governor foresees promising results in tackling inflation, despite reservations from legislators
Governor of the NBE Mamo Mihretu declared in front of legislators that the central bank’s strategic monetary measures, which are…
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News: Addis Abeba Trade Bureau to outsource distribution of subsidized food items among other six major services
The management of the recently inaugurated agricultural products market center in Kolfe Keranio sub-city is one of the services to…
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News: Akobo Minerals hits gold ore body at Segele mine in Gambella, set to start pilot production
Core drilling at Segele Mine, (Photo: Akobo Minerals) Addis Abeba – Akobo Minerals has announced that it has hit a…
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News: Addis Abeba Trade Bureau cracks down on Sunday market traders selling overpriced products
Addis Abeba now has more than 172 Sunday market locations (Photo: Addis Abebea Trade Bureau/Facebook) Addis Abeba – The Addis Abeba Trade…
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News: Privatization of state-owned sugar factories progresses, qualified bidders to be revealed soon
Omo-Kuraz Sugar Factory II (Photo: Ethiopia Sugar Industry Group) Addis Ababa – More than a year after the government issued the…
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News Analysis: Public discourse begins before government ratifies controversial property tax law
Property taxes target two primary components: urban land usage rights and ownership of buildings or houses (Photo: Addis Standard) By…
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