The Ministry of Revenues (MoR) has begun installing high-definition surveillance cameras in manufacturing facilities subject to excise duty, including major breweries and bottling plants. Sources confirmed by Capital indicate that the federal government has allocated an estimated 300 million birr to fund this advanced technological infrastructure.
For years, Ethiopian tax authorities have struggled with significant shortfalls in collecting anticipated revenues from high-demand excise goods such as alcoholic beverages, tobacco, and soft drinks. Government estimates suggest that substantial revenue leakages result from persistent information gaps, under-reporting, and widespread evasion. The new monitoring system aims to close these gaps by providing real-time, remote tracking of production processes, facility exit points, and freight transport, giving the Ministry unhindered digital oversight directly on the factory floor.
While excise taxes on items like alcohol, tobacco, soft drinks, and luxury goods are...
The images have become painfully familiar: overcrowded boats drifting across the Mediterranean, exhausted migrants stranded at fortified borders, and...
In an exclusive interview with Capital, Muhammad Zubair Mughal, CEO of the AlHuda Center of Islamic Banking and Economics, outlines why East Africa—particularly Ethiopia, Kenya and Tanzania—could become one of the most dynamic regions for interest-free banking over the next decade.
Speaking ahead of growing regulatory and market activity in Ethiopia’s nascent non-interest banking sector, Mughal highlights the region’s combination...
As Ethiopia prepares to overhaul its insurance framework, the sector faces a potentially far-reaching shift in ownership, regulation, licensing and competition. A draft Insurance Proclamation would establish an autonomous insurance regulator, introduce a Policyholders’ Protection Fund, open defined routes for foreign investment and replace composite licences with specialised categories for general, long-term, micro-insurance, inclusive insurance and Takaful operations. The...
This notice is placed by UNECA. The accuracy, reliability and completeness of the contents of furnished information is the responsibility of United Nations Economic Commission forAfrica. You are therefore requested to direct all queries regarding this EOI to United Nations Economic Commissionfor Africa using the fax number or e-mail address provided below.
Title of the EOI:
Supply of Printing Equipment
Date of...
This notice is placed by UNECA. The accuracy, reliability and completeness of the contents of furnished information is the responsibility of United Nations Economic Commission for Africa. You are therefore requested to direct all queries regarding this EOI to United Nations Economic Commission for Africa using the fax number or e-mail address provided below.
Title of the EOI:
Supply of Printing...
National Bank of Ethiopia invites interested and eligible bidders for the supply of the following items:
NoItem DescriptionBid Reference No.Bid Closing Date & TimeBid Opening Date & Time Development of a Financial Services Price Comparator ToolNBE/ICB/S/01/2026/27September 24, 2026 at 10:00 A.M.September 24, 2026 at 10:30 A.M.
Background
The National Bank of Ethiopia (NBE), in line with its mandate to safeguard financial stability, promote...
Baseline Study ConsultantCSIF II Consortium-Wide Baseline Study
Initiative Africa (IA), together with its consortium partners, invites applications from qualified individual consultants to design, coordinate, analyze and report a consortium-wide baseline study for the project "Advancing Social Cohesion through Indigenous Civic Space in Ethiopia," funded by the Civil Society Innovation Fund II (CSIF II).
Scope: The assignment covers 10 implementation locations across...
Legendary Ethiopian singer Mahmoud Ahmed has announced the release of his 26th studio album, LeTarik—meaning “For History”—which he described as the final work of his long artistic career spanning six decades.
The announcement was made during a press conference held at the Sheraton Addis Hotel on August 26. Mahmoud Ahmed, widely regarded as one of the defining voices of Ethiopian...
Dolly Parton, the American country music singer, songwriter, actor, businesswoman and philanthropist whose career spanned more than six decades, has died at the age of 80.
Her family said Parton died peacefully at the Vanderbilt-Ingram Cancer Center in Nashville after what her representatives described as a brief battle with cancer. She was surrounded by loved ones, and a small private...
Technology is changing at a pace that often exceeds humanity’s ability to understand its consequences. Artificial intelligence, biotechnology, robotics...
By our staff reporter
The Mauritius Commercial Bank Limited (MCB) has provided a strategic financing package to Invictus Investment Company PLC (ADX: INVICTUS), a prominent agro-food enterprise operating in the Middle East and Africa. The package, structured as an acquisition finance and revolving credit facility, aims to support Invictus Investment’s expansion into new markets and strengthen its working capital position as it scales operations.
This financing agreement builds on the existing partnership between MCB and Invictus Investment and underscores a shared commitment to advancing food security...
By our staff reporter
Wingu Africa has launched Wingu Cloud Exchange (WCX), a locally hosted private cloud platform designed for the wider East African region.WCX gives organisations a secure, compliant, cost-effective, and easy-to-use alternative to offshore cloud services. With transparent local-currency pricing, rapid deployment, and instant scalability, it enables businesses to grow workloads without complexity or unpredictable costs. Launching first in Tanzania, the platform will gradually roll out across all Wingu markets, including Ethiopia and Djibouti.
WCX includes Wingu Compute, Wingu Kubernetes, Wingu Drive, and Wingu...