News - Financial
The new NBE directive cited as "Foreign Exchange Exposure Limits of Banks Directive No. SBB/96/2025" has entered into force starting today November, 10th , …
Nov 10, 2025
Latest News
News - Financial
African Export-Import Bank (Afreximbank) is set to pioneer Africa’s use of the Chinese renminbi (RMB) in project financing after becoming a direct participant in …
Nov 10, 2025
Diesel/Gasoline
They are examining replacement or conversion options, including electric or natural gas-powered alternatives, but the plan still requires final approval. Replacing vehicles older than …
Nov 10, 2025
LNG/CNG
The move follows BEAKA’s import of 150 Shacman trucks, marking the first phase ahead of local assembly. Under the plan, the company aims to …
Oct 27, 2025
Diesel/Gasoline
The new directive, officially enforced in March this year, requires all diesel and gasoline vehicles to undergo emissions testing and mandates either the installation …
Oct 27, 2025
News - Financial
The Central Bank posted a bold buying rate of 152. 576 Br on October 23, almost 8. 3 Br higher than ZamZam Bank’s 142. …
Oct 27, 2025
Regulations - Financial
The Ethiopian Capital Market Authority (ECMA) has introduced a new draft directive The new guideline focuses on improving transparency and regulatory standards for Collective …
Sep 08, 2025
News - Financial
The standards focus on sustainability, climate-related disclosures, and governance, offering investors consistent and comparable information on environmental risks and opportunities. Financial institutions, including banks, …
Sep 08, 2025
Regulations - Financial
The Ministry of Finance has introduced a new directive that extends value added tax (VAT) registration to professional service providers with annual turnover below …
Sep 08, 2025
News - Transport
The 392-km Awash–Kombolcha–Hara Gebeya line was designed to connect central Ethiopia with the north, while the 268-km Hara Gebeya–Mekele line was intended to extend …
Sep 02, 2025
News - Transport
A 2025 report by the European Commission’s Joint Research Centre ranks the corridor among eleven African routes considered most attractive for infrastructure funding under …
Sep 02, 2025
News - Financial
Withdrawals of any authorized amount remained free, but mobile money transfers that were once complimentary began incurring fees. Digital Banking account-to-account transfers now carry …
Sep 02, 2025
News - Transport
The losses were caused by 197 vehicle collisions, of which 53 occurred on ring roads and 144 outside ring roadsThe city has expanded its …
Sep 02, 2025
Electric
Established in 2023 with more than 500 million birr in capital, Suweys Motors started with 30 assembled cars and has since become a leading …
Sep 01, 2025
News - Transport
ESLSE, which currently operates in vessel operations, inland transport, and freight forwarding, is exploring the addition of a new division focused on rail transport. …
Sep 01, 2025
News - Transport
Ethiopia and Djibouti have signed an agreement to advance the DESSU Corridor project, a new regional transport route linking Djibouti, Ethiopia, South Sudan and …
Sep 01, 2025
News - Financial
Ethiopia and Somaliland have agreed to explore closer financial cooperation, including the possible establishment of a branch of Ethiopia’s state-owned Commercial Bank in SomalilandOfficials …
Sep 01, 2025
Regulations - Transport
The Ethiopian Ministry of Transport and Logistics (MoTL) has introduced stricter requirements for truck importers to address low-quality imports and poor after-sales service. Following …
Aug 15, 2025
Regulations - Transport
A recent memo from the Industry Minister to the central bank, Customs Commission, and the Transport and Finance ministries declares that components for the …
Aug 04, 2025
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
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