Business Insights

Grade B Taxpayers' Annual Tax Markedly Lower Than Employees' Tax

Meanwhile, an appeal mechanism has been put in place for any taxpayer lodging complaints over heavy taxation, it was learned.

OLA Energy-TotalEnergies Acquisition Agreement Suspended

The suspension was imposed due to concerns that the planned merger could allow a single company to dominate the market by capturing nearly half of the country's retail fuel share.

Fuel Stations Suspended After Investigation Reveals Systematic Under-Measurement

Investigation Reveals Systematic Under-Measurement of Fuel, With Stations Delivering Only 800-900 Milliliters per Liter

Total Energies exits Ethiopian market after 76 years

OLA Energy becomes Ethiopia’s largest foreign fuel distributor after full acquisition

Ethiopia and Kenya Unveil New Cross-Border Trade Guidelines

Trade Zone Limited to 50km in Ethiopia and 100km in Kenya

Ethiopia Reaches Agreement to Restructure $1 Billion Eurobond

Official Creditor Committee Including China and France, Gives Green Light to Debt Deal

Global Crypto Exchanges Remove Ethiopian Birr from Peer-to-Peer Platforms

Access to Major Trading Platforms Restricted Amid New Regulatory Crackdown

ENOC Finalizes Preparations to Supply Fuel to Ethiopian Market

Both parties have committed to optimizing fuel supply chains for Ethiopia while fast-tracking critical energy infrastructure development currently underway in Djibouti.

Ethiopia's 2019 Federal Budget Shows Massive Growth in Birr, But Minimal Gains in Dollars

Federal Budget Barely Advances, Rising Only from $13.6 Billion in 2013 E.C. to $14.9 Billion in 2019 E.C.

Food Prices Surge by 14.6 Percent in May

Headline Inflation Recorded at 13.4 Percent for the Month

Response Issued Regarding Recent Spike in Onion Prices

Expectations are that onion prices will drop from their current levels in the near future.

Ethio Telecom Officially Confirms 45,000 Shareholders!