News

World Bank Approves 700$ Million Credit to Clean Up Ethiopia’s Financial Sector

The project, set to conclude in four years, is closely linked to the series of economic reforms Ethiopia has been pursuing over the past few years.

High-Level Starbucks Delegation Visits Ethiopia Under the Radar

Brazil, Starbucks' largest coffee supplier, is experiencing severe droughts that are affecting production. This global disruption could present a favorable opportunity for Ethiopia.

Ethiopia Unveils First-Ever National Bioeconomy Strategy

The strategy identifies cassava, Enset, taro, bamboo, Anchote, yam, and animals such as fish, pork, and rabbit as underutilized food resources that the nation should harness.

National Bank of Ethiopia Launches Platform for Customer Complaints

Customers dissatisfied with a financial institution's resolution to their complaint can escalate the matter to the National Bank of Ethiopia (NBE).

Ethiopia Opens Financial Sector to Foreign Banks

Some members of parliament have raised concerns over the feasibility of opening the banking sector to foreign banks amid prevailing constraints.

Affordable Food Brand in Addis Ababa, Tapu, Joins beU

Tapu sells somewhere between 700 and 1,000 lunch boxes daily.

190M Br Solar Power Mini-Grid Project Electrifies Oromia

With access to the national grid remaining at nearly 50% across Ethiopia, off-grid solutions are increasingly recommended by energy experts as a viable alternative.

Ethiopian Investors in Pharmaceutical, Real Estate, Manufacturing Demand Exemptions from Pending Property Tax

The highest property tax rates will be placed on owners who have failed to develop their land despite an extended period with rights to it.