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Kenya Power to Pay 15.5 Cents per kWh in Newly Finalized Ethiopia Energy Deal
The Ethiopian Electric Utility (EEU) has formalized a landmark power supply agreement with the Kenya Power and Lighting Company (KPLC), marking a significant milestone in cross-border energy trade and regional infrastructure integration. Under the newly ratified framework, Kenya’s primary electric...
Addis Ababa enacts 5% tax on hotel and lodging accommodations
The Addis Ababa City Council has ratified a new revenue-generating regulation tailored to the city’s rapidly expanding hospitality and tourism sector. Under Regulation No. 204/2026, a 5 percent flat municipal tax has been imposed on all hotel and lodging establishments operating within the capital...
MELBET: INTO THE QUARTER-FINALS. Match previews and predictions
We’ll soon find out who the new champion is! The world’s best national teams keep fighting for the legendary trophy. In this article, MELBET assesses the teams’ chances of progressing to the next round. France vs Morocco, July 9 How can you stop this France side? It’s virtually impossible to...
No Legal Meat Imports from Uganda to Ethiopia, Minister Announces Investigation
The Ethiopian Ministry of Agriculture (MoA) has formally denied issuing import permits for meat products from Uganda. In response to growing concerns over food safety regulatory breaches and illicit trade channels, the Ministry has launched an official investigation into how the unauthorized shipmen...
Anbesa Bank shareholders seek urgent meeting with NBE Governor after board election approval revoked
A one third shareholders and the leadership of Anbesa Bank have requested an urgent meeting with National Bank of Ethiopia (NBE) Governor Eyob Tekalign after the central bank revoked its earlier approval of the bank’s 21st General Assembly minutes related to the election of its board of direct...
Gadaa Bank Partners with Top Investment Firms to Roll Out 1-Million Share Issuance
Gadaa Bank S.C. has officially launched a public offering of one million ordinary shares, leveraging strategic partnerships with Ethiopia’s leading investment firms. Following regulatory clearance from the Ethiopian Capital Market Authority (ECMA), the launch was announced in a joint statement by ...
Central Bank Lending Cap Removal Drives 97% Revenue Surge for Hijra Bank
Hijra Bank, which entered Ethiopia’s financial landscape nearly five years ago as a fully interest-free banking institution, has attributed its remarkable success in the 2025/2026 fiscal year to the National Bank of Ethiopia’s (NBE) decision to lift its restrictive lending cap. According to ...
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When preservation becomes distortion
Heritage conservation is often defended in the language of protection. We are told that roofs, shelters, barriers, and “improvements” are necessary to shield fragile monuments from rain, sun, wind, and human contact. Yet the first duty of conservation is not to impose a new idea upon an old site...
Ethiopia’s decision to join the New Development Bank: unlocking new avenues for development financing
By Amanuel Tadesse The global development finance architecture is undergoing a profound transformation. As developing countries seek greater access to affordable, sustainable, and diversified sources of financing, new multilateral institutions are emerging to complement traditional international fin...
Aster Selamu
2. Education: 10+3 3. Company name:AST Epoxy 4. Title: Owner 5. Founded in:    2025 6. What it does:    Manufacturing various epoxy-based coffee tables, home decor, and wall art 7. Headquarters:    Bishoftu 8. Start-up capital: &...
Experts Debate the Future of Creativity in the Age of AI
As Artificial Intelligence (AI) continues to rapidly reshape creative industries worldwide, Ethiopian stakeholders have begun taking proactive steps to understand how this technological transformation intersects with the nation’s rich cultural and artistic heritage. The significance of this is...
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Ethiopia Set to Become a Technology Destination for Apple
Apple Inc., the California-based global technology giant, is taking a major step toward expanding its market presence in East Africa. In high-level delegate discussions held in Addis Ababa on July 2, 2026, representatives from the technology company engaged in strategic talks with Ethiopian governme...
IMF urges NBE to be ready for further monetary tightening if inflation pressures re-emerge
The International Monetary Fund (IMF) has urged the National Bank of Ethiopia (NBE) to remain prepared to tighten monetary policy further if a second round of inflationary pressures emerges, emphasizing the need to preserve the macroeconomic gains achieved under Ethiopia’s economic reform program....
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