Thursday, November 6, 2025

Business

Investment Holdings Oversees Leadership Overhaul at Ethiopian Construction Works Corp

Corporation set to pay dividends for the first time The Ethiopian Construction Works Corporation (ECWC), one of the state-owned enterprises under Ethiopian Investment Holdings (EIH),...

Chambers of Commerce Locked in Dispute over Rights to Mexico Square Headquarters

The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) has moved to evict the Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) from...

Short-Term Appetite Drives Ethiopia’s Debt Market as Domestic Liabilities Hit 2.56 Trillion Birr

Ethiopia’s domestic debt stock climbed to 2.56 trillion by the end of September 2025, according to the latest debt bulletin from the Ministry of...

EthSwitch Celebrates Record Revenues as Digital Transactions Surpass ATM Withdrawals for First Time

EthSwitch, the national switch operator, registered a record 2.2 billion Birr in revenues in the 2024/25 fiscal year as person-to-person (P2P) transactions surpassed ATM...

NBE Turns Attention to Third-Party Bank Accounts, Unlawful Remittances

The National Bank of Ethiopia (NBE) warned on Friday that it will be taking action against businesses and individuals who conduct official transactions through...

Russia Eyes Expanded Automotive Presence in Ethiopia

Following the successful shipment of a batch of tractors from production lines in Russia, automakers UAZ and AvtoVAZ are eager to establish a wider...

Finance Ministry Seeks to Scrap Blanket Tax Holidays, Introduce Startup and Green Incentives

The Ministry of Finance has unveiled plans for a sweeping overhaul of its investment incentive regime, proposing to slash traditional tax holidays and introduce...

Birr, South Sudanese Pound Weakest Currencies in 2025: World Bank Analysis

A World Bank analysis published this week names the Ethiopian Birr and the South Sudanese Pound as the weakest-performing currencies of 2025. The Pulse Africa...

World Bank Assessment Reveals Depth of Safaricom Ethiopia’s Troubles

Safaricom Ethiopia posted USD 325 million losses in 2024 The Ethiopian Communications Authority (ECA) should consider issuing licenses for satellite operators like Starlink in order...

T-Bill Yields Near Commercial Lending Rates Amid 243 Billion Birr Domestic Borrowing Plan

Ethiopia’s treasury bill yields have surged close to commercial lending rates, with the six-month tenor reaching 20.5 percent during the latest auction as the...
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