Ethiopian news in English · Business
The latest news from Ethiopia, from Tikvah, Addis Standard, The Reporter, BBC and more, summarized in English. Updated every 15 minutes.
- Ethio Telecom Targets 295 Billion Birr Revenue for 2019 Fiscal Year
Tikvah Ethiopia · Ethio Telecom has unveiled its annual business plan for the 2019 Ethiopian fiscal year, projecting a total annual revenue of 295 billion Birr, which marks a 36.7 perce…
- Ethiopia to Establish 100 Billion Birr Mortgage Refinance FacilityTikvah Ethiopia ·
The National Bank of Ethiopia and the International Finance Corporation (IFC) have signed a cooperation framework to expand mortgage financing in Ethiopia. Prime Minis…
- Widespread Tax Evasion Exposed in Addis Ababa Car Trading SectorTikvah Ethiopia ·
The Addis Ababa Revenue Bureau has announced the discovery of widespread tax evasion within the city's car dealership and brokerage sectors. An investigation revealed …
- Ethiopian Electric Power Faces Over 7 Billion Birr in Pending Compensation ClaimsTikvah Ethiopia ·
Ethiopian Electric Power (EEP) CEO, Engineer Ashebir Balcha, has announced that the institution is currently facing over 7 billion birr in pending compensation claims …
- Over 4,500 Vehicles Stuck at Djibouti Port for 8 MonthsTikvah Ethiopia ·
More than 4,500 heavy cargo and public transport vehicles have been stranded at the Djibouti port for over eight months due to a Ministry of Finance directive banning …
- El Niño Impact: 20% Drop in Water Inflow Reported at Major Ethiopian DamsTikvah Ethiopia ·
Ethiopian Electric Power (EEP) has announced that water inflow into its major power generation dams has decreased by approximately 20% over recent months due to the El…
- Global Oil Prices Rise Following US Military Strikes on Iranian TargetsTikvah Ethiopia ·
Global crude oil prices have surged by nearly two percent following US military strikes on Iranian targets over the weekend. The escalation comes after six weeks of re…
- Ministry of Revenues Begins Installing Surveillance Cameras in Beverage Factories to Curb Tax EvasionTikvah Ethiopia ·
The Ethiopian Ministry of Revenues has initiated the installation of high-quality surveillance cameras across excise tax-paying manufacturing facilities, particularly …
- Ethiopian Electric Power Negotiating €400 Million Loan for Koysha DamTikvah Ethiopia ·
Ethiopian Electric Power (EEP) is negotiating a 400 million Euro commercial loan with Italian lenders to finance the Koysha hydroelectric dam project. The negotiations…
- Ethiopian Electric Power Reports Record 39.5 Billion Birr Net ProfitTikvah Ethiopia ·
Ethiopian Electric Power (EEP) announced its annual performance report, revealing a total revenue of 124.2 billion Birr and a net profit of 39.5 billion Birr for the f…
- Ministry of Revenues Issues New Financial Reporting Rules for Multi-Sector TaxpayersTikvah Ethiopia ·
The Ethiopian Ministry of Revenues has instructed Category 'A' taxpayers involved in multiple business sectors to prepare separate accounting records for each trade ac…
- Regional Transport Workshop Opens in Addis Ababa to Boost Africa's E-Commerce LogisticsTikvah Ethiopia ·
A three-day regional transport workshop organized by the Universal Postal Union (UPU) and Ethio Post officially opened in Addis Ababa. The event brings together postal…
- Ethiopia's Overall Inflation Rises to 15.3% in July as Sugar Prices SurgeTikvah Ethiopia ·
The Ethiopian Statistics Service has reported that overall inflation rose to 15.3% in the month of Hamle, marking a noticeable increase compared to recent months. This…
Summaries are written by AI and link to the original reporting.
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