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ESL sets sail toward expansion with new ultramax vessels
The Ethiopian Shipping and Logistics (ESL) has renewed hopes for building two additional ships at the Chinese shipyard after the relevant authority approved the initial investment.The procedure has taken...
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EEU to enhance services for its prepaid electricity users
The Ethiopian Electric Utility (EEU) is set to revolutionize the experience for nearly 900,000 prepaid electricity customers with the development of a new $48...
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ESL confronts Sugar Industry Group over unpaid debts
The Ethiopian Shipping and Logistics (ESL) blasts the Ethiopian Sugar Industry Group (ESIG) for unpaid arrears that the latter failed to pay. The state-owned...
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Court rules in favor of Al Amoudi in Bole Tower dispute
In the ongoing legal saga between billionaire Sheikh Mohamed Ali Al Amoudi and his ex-partner and close friend Abinet Gebremeskel, a judge has ruled...
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Banking sector faces liquidity risks due to high depositor concentration, Central Bank Report Warns
The financial sector is said to be threatened by a significant depositor concentration in the banking sector.A new report launched by the National Bank...
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Ethiopia opens commercial sectors to foreign investors in bid to boost economy
The Ethiopian government has enacted a pivotal policy shift, opening previously protected commercial sectors to foreign investment. This strategic move, articulated in a directive...
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Ethiopian economy grapples with parallel market rates: The Blue Book report reveals
Car prices be 54% cheaper if dealers acquired 100% of the forex
Ethiopia's economic landscape has been facing a multitude of challenges in recent years,...
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New excise stamp directive implemented to enhance tax compliance
A directive that requires excise tax collectors to stamp their merchandise is drafted by the Ministry of Finance (MoF). Additionally, the directive enforces that...
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Debt service set to surpass social spending
By Muluken Yewondwossen
Over the next five years, debt service will overtake financial spending on essential social sectors in Africa.
Africa is currently facing a financial...
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Capital Market Authority gives the first license Â
The first business to get operation permits on the forthcoming securities exchange is a foreign corporation.
The first operating license was handed over by the...
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Ethiopia nears budget limit despite Central Bank’s borrowing restrictions
The government has nearly reached its maximum amount in the first half of the budget year, despite passing a decision stating that it will...
