Ethiopian Birr has fallen to a new low against US Dollar in black market. The USD/ETB black-market rate has climbed sharply to 160.75 Br/USD, up 0.37% . This marks a significant rise from around 157… Ethiopian Birr Falls to New Low Against Dollar in Black Market
Eritrea, on Saturday, responded to accusations recently levelled by the Ethiopian military chief. General Birhanu Jula, the Ethiopian military chief, this week said that Ethiopia had tried to engage Eritrea to solve bilateral issues and… Eritrea Responds to Ethiopian Military Chief’s Accusations
Additional fees will be charged on cash transactions exceeding 10,000 birr. Both the payer and recipient will have to pay the fees. Ethiopian government wants to discourage cash transactions. The recently approved new income tax… Ethiopia: Fees to be Charged on Cash Transactions Over 10K Birr
The government of Ethiopia intends to impose 15% value added tax (VAT) on fuel sales. The government made this announcement in the draft budget submitted to the House of People’s Representatives. The government plans to… 15% VAT on Fuel Sales to be Imposed in Ethiopia
Ethiopian Prime Minister, on Tuesday, blamed wealthy businessmen for igniting armed conflicts in the country. The Prime Minister held a meeting with the business community yesterday. Businessmen from across Ethiopia attended. He blamed wealthy people… Ethiopian Prime Minister Blames Businessmen for Armed Conflicts
Ethiopian Government is considering imposition of tax on non residents who distribute digital media content while being in Ethiopia. A draft income tax amendment bill has been tabled at the Ethiopian House of People’s Representatives… Ethiopian Govt to Tax Foreign Digital Media Creators
Ethiopian opposition politicians on Saturday held an unprecedented virtual discussion. The discussion was aimed at forming a broad political alliance against the ruling Prosperity Party. Next General Election is expected to be held in mid… Ethiopian Opposition Politicians Meet Virtually
Ethiopia: TPLF has written another letter to diplomatic missions and international partners, urging them to intervene. TPLF is involved in a stand off with the Ethiopian federal government. The letter was written on June 5,… Ethiopia: TPLF Calls for International Intervention in Tigray
US has imposed complete travel ban on nationals from Eritrea, Somalia and 10 other countries. The ban was imposed through an executive order signed by President Donald Trump. Complete travel ban has been imposed on… US Imposes Travel Ban on Eritrea, Somalia & 10 other Countries
Ethiopia’s first investment bank Wegagen Capital has formally launched operations. The launching ceremony of Wegagen Capital Investment Bank S.C. was held at Hilton hotel in Addis Ababa last night. In March this year, Ethiopian Capital… Ethiopia’s 1st Investment Bank Wegagen Capital Kicks Off