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Foreign currency shortage hampers essential medicine supply
Smuggled tablets unaffordable for poor patients
Shortage of essential medicine supply including that of diabetes, TB and cancer hits the market hard due to lack...
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Draft VAT proclamation sparks divided opinions
A draft proclamation which is under circulation for fine tuning raises eye brows of some financial experts as the potential law seeks to switch...
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Ethiopia losses $146 million from internet cut off
Ethiopia loses 146 million dollars in 2022 due to internet interruption. According to tech company Top 10 VPN, Ethiopia last year saw long shutdowns...
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IFRS adoption marked ‘make or break’ for upcoming capital market
Prudency in companies’ corporate governance deemed crucial as the capital market horizon draws near.
During comprehensive discussions organized by the Addis Ababa Chamber of Commerce...
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“No room for invention!” allude mobile money providers over NBE draft directive
Mobile money service providers oppose the new draft directive of licensing and authorization of payment instrument that states issuers to have a mandatory bank...
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NBE drafts lower rates for motor insurance
National Bank of Ethiopia (NBE) drafts its own minimum premium rate for motor class of business with by far a lower rate than the...
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Currency outside banking constricts in 1st Quarter
In the first quarter of the 2022/23 fiscal year, the currency outside banking (COB) system narrows from its all-time high from the preceding quarter.
The...
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Electric vehicle charging stations across Addis in the horizon
Ethiopian Electric Power (EEP) and Cardinal Industrial plc agree on the establishment of electric vehicle (EV) charging stations in alignment with the infrastructure capabilities...
