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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...
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Experts peg incentivized driven taxation as vital for secondary market leeway
As preparations get underway to roll out the much anticipated secondary market in Ethiopia, various elements including that of ironing out the current tax...
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New directive gives external auditors autonomy
Newly appointed Governor of National Bank of Ethiopia (NBE), Mamo Esmelealem, signs his first directive which gives autonomy to external auditors in banks.
Experts commended...
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Tele initiates new program to pave way for innovators
As a component of its implementation of digital solutions to guarantee the country's digitization, Ethio Telecom announced its Ethiotel Innovation Program.
Beyond its overall attempts...
