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ECMA advances licensing for participants, awaits central bank directive on retail banks
By Muluken Yewondwossen
The Ethiopian Capital Market Authority (ECMA) has announced its readiness to grant licenses to participants, marking a significant advancement in the long-awaited...
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Industrial sector to benefit from revised foreign currency retention directive
By Muluken Yewondwossen
The Ministry of Industry (MoI) has announced that recent changes to the retention directive will facilitate access to foreign currency for the...
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Petroleum Enterprise to construct its 14th oil depot in Dire Dawa
By Eyasu Zekarias
Reports indicate that the Ethiopian Petroleum Supply Enterprise (EPSE) has made compensation payments to the Dire Dawa city administration for the construction...
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Once close allies now foes: Abinet loses civil case over document dispute with Al Amoudi
By Muluken Yewondwossen
Former associate of business tycoon Sheik Mohammed Hussein Al Amoudi, Abinet Gebermeskel, has lost a civil case against Sheik Mohammed in a...
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Ethiopia bans Chinese coffee exporters due to non-payment
By Eyasu Zekarias
The Ethiopian Coffee and Tea Authority has implemented a ban on Chinese coffee companies from entering into contracts, citing their failure to...
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Logistics industry expresses concerns over new directive permitting private sector participation in dry ports
By Muluken Yewondwossen
The Ministry of Transport and Logistics (MoTL) is in the process of drafting a directive to allow private sector involvement in the...
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Expansion of SGTD boosts transit cargoes, enhances regional trade
By Muluken Yewondwossen
Ethiopian Shipping and Logistics (ESL), a state-owned logistics enterprise, commends the expansion of Doraleh Container Terminal Management Company (SGTD), a prominent port...
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Ethiopia to establish independent Insurance Regulatory Agency, separating from Central Bank oversight
The government determined the establishment date of the independent regulatory body for the insurance sector. After the next fiscal year, insurers will be supervised...
