News

Ethiopia's Bamboo Labs Expands to Kenya with Eco-Friendly Bikes and Wheelchairs

Bamboo Labs, the Ethiopian social enterprise known for its bamboo bicycles and wheelchairs, is expanding to Kenya. The startup is set to start its preliminary operations in the coming two weeks.

Ethiopia Pilots One-Stop Digital Platform for Paperless Company Registration

The Ministry of Trade has rolled out the Integrated Company Creation Journey (ICCJ), a one-stop platform aimed at paperless company registration.

Transport, Banking and Telecoms Drive Profit Surge at Ethiopia’s State-Owned Enterprises

Ethiopia’s sovereign wealth fund reports 88% jump in pre-tax profit from state-owned enterprises, 262.7B Birr in 2024–25. Transport & banking lead the gains.

Ethiopia Bets on VAT Expansion to Bolster Fragile Finance

Ethiopia widens its tax net: new VAT directive compels mid-sized firms & professionals to register. Reform or revenue squeeze?

Mamo Mihretu Steps Down as Ethiopia’s Central Bank Governor

A year after floating Ethiopia’s exchange rate, Central Bank Governor Mamo Mihretu steps down. His tenure was brief, his reforms unfinished, and Ethiopia's economy questionably transformed.

Addis Ababa Launches Roadside Checks in Tax Evasion Crackdown

Addis Ababa is cracking down on tax evasion. Trucks leaving markets now face random checkpoints, with drivers asked to show same-day receipts or delivery notes.

Purpose Black Ethiopia Ordered to Repay Deposits with Interest

Addis court orders Purpose Black Ethiopia to refund home buyers, with interest & costs. Relief for some, but many more await.

Ethiopia to Host ASEB 2025, Spotlighting Africa’s Startup Builders

Ethiopia will host the 4th African Startup Ecosystem Builders Summit (ASEB 2025) this November, planning to draw over 2,000 participants and recognize builders across 35 award categories.