Ethiopian Business Daily


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Гео и язык канала
Эфиопия, Английский
Статистика
Фильтр публикаций


𝐃𝐚𝐭𝐚 𝐂𝐞𝐧𝐭𝐞𝐫 𝐎𝐯𝐞𝐫𝐬𝐢𝐠𝐡𝐭 𝐌𝐚𝐧𝐝𝐚𝐭𝐞 𝐒𝐡𝐢𝐟𝐭𝐬 𝐭𝐨 𝐄𝐭𝐡𝐢𝐨𝐩𝐢𝐚’𝐬 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐲

Ethiopia currently generates around 5,200 MW of power, with the pending completion of the Grand Ethiopian Renaissance Dam possibly doubling the supply. Crypto-mining companies are increasingly showing interest in accessing the country's affordable hydroelectric power.

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Source: shegamedia
@Ethiopianbusinessdaily


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What Ethiopian Banks Can Do to Increase Digital Financial Adoption

There are numerous untapped opportunities—both quick wins and ambitious strategic initiatives—that commercial banks can pursue to increase DFS adoption at their respective institutions.

Insights powered by Project AKOFADA.

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Source: shegamedia
@Ethiopianbusinessdaily


Over 2 Million Metric Tons of Fuel Purchased and Sold During the Fiscal Year

The Petroleum and Energy Authority has announced that 2,041,135.332 metric tons of fuel were purchased for domestic use during the first six months of the current fiscal year. This represents 92 percent of the planned target of 2,216,189 metric tons, according to Bekele Kuma, Communications Director of the Petroleum and Energy Authority.

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Source: 2merkato
@Ethiopianbusinessdaily


Ethiopian Commodity Exchange Launches Online Trading Platform

The Ethiopian Commodity Exchange (ECX) has launched an advanced online trading platform, a step towards modernizing the country’s trading systems and aligning with the Digital Ethiopia 2030 initiative.

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Source: 2merkato
@Ethiopianbusinessdaily


ኢትዮጵያ ለታንዛኒያ የኤሌክትሪክ ኃይል ሽያጭ ለማድረግ ስታደርግ የነበረችውን ድርድር አጠናቃ ከስምምነት ላይ ደረሰች

በዚህ የኃይል ሽያጭ ሥምምነቱ መሰረት በሀገራቱ ከፍተኛ የሥራ ኃላፊዎች ፀድቆ ከሚያዝያ 2017 ዓ.ም ጀምሮ ተግባራዊ እንደሚደረግ የተገለፀ ሲሆን በሥምምነቱ መሠረት ኢትዮጵያ ለታንዛኒያ 100 ሜጋ ዋት የኤሌክትሪክ ኃይል ሽያጭ ታከናውናለች ተብሏል።

ኢትዮጵያ ከታንዛኒያ ጋር የኃይል ሽያጭ እንዲሁም ኬንያ ከታንዛንያ ጋር የኃይል ማስተላለፊያ መስመር የኪራይ ውል በዛሬው ዕለት መፈራረማቸውን ካፒታል ሰምታለች።

በኢትዮጵያ ኤሌክትሪክ ኃይል የህግ መምሪያ ዳይሬክተር አቶ መርክነ እንደተናገሩት የሦስትዮሽ ሥምምነቱ ኢትዮጵያ በኬንያ በኩል ለታንዛኒያ የኤሌክትሪክ ኃይል ሽያጭ ለማከናወን የሚያስችላትን መብት የሚሰጣት መሆኑንም መሆኑን አስረድተዋል።

Source: capitalethiopia
@Ethiopianbusinessdaily


#TikTokBusiness While TikTok provides opportunities for businesses and creativity, safety is a growing concern. Despite Ethiopia having enacted three proclamations concerning the digital space, a dedicated bill specifically addressing social media regulation is yet to be introduced.

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Source: addisfortune
@Ethiopianbusinessdaily


In addition to the shares of Samson Sports Plc, owner of Laphto Mall, Samson is fighting for shares in other family holdings, including two houses in the Lafto District and over 800,000 Br from bank accounts in Nib International Bank and the Bank of Abyssinia.

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Source: addisfortune
@Ethiopianbusinessdaily


Powdered Infant Formula Not Exempt From VAT, Says Ethiopia’s Customs Authority

According to a recent Ethiopian Customs Commission (ECC) ordinance, powdered infant formula is subjected to value-added tax (VAT) levies.

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Source: shegamedia
@Ethiopianbusinessdaily


Prime Minister Abiy Ahmed announced the inauguration of a coal-washing plant developed by ET Mining Development Co., Ltd. in the Dawuro Zone of the South West Ethiopia Region. In a statement shared on social media, the Prime Minister highlighted the plant's dual benefits: boosting national coal production and creating significant employment opportunities for local residents.

The project, which began three years ago under the Ministry of Mines, aims to strengthen Ethiopia's domestic coal production capacity, reducing reliance on imports and advancing the country's industrial goals. The facility represents a step forward in leveraging local resources for national development while providing economic benefits to the surrounding community.

Source: linkupbusiness
@Ethiopianbusinessdaily


In a letter issued on 22 January 2025 (letter no. 4/1352/17), the ECC announced that, until Directive No. 158/2011 is amended, manufacturers can complete customs clearance based on their legal transaction value. Price verification will be conducted after goods are released through a post-clearance audit, with ECC approval and payment of any additional duties and taxes.

This measure seeks to streamline the customs clearance process and ensure fairer treatment for importers. The Circular applies to manufacturers, Authorized Economic Operators (AEOs), investors with duty-free privileges, private sector entities importing for government projects, state-owned enterprises, and federal and state government institutions.

Source: linkupbusiness
@Ethiopianbusinessdaily


ግምሩክ ኮሚሽን አምራቾች ወደ አገር ዉስጥ እቃዎችን ሲያስገቡ በሚያቀርቡት ህጋዊ የግብይት ዋጋ ብቻ እንዲስተናገዱ ፈቀደ

ግምሩክ ኮሚሽን በአምራቾች ወደ አገር ዉስጥ የሚገቡ ዕቃዎች የዋጋ አተማመን ስርዓት ላይ ማሻሻያ ማድረጉን ያስታወቀ ሲሆን 158/2011 የተደነገገውን በጉምሩክ ቀረጥና ታክስ ማስከፈያ ዋጋ አተማመን መመሪያ እንዲከለስ ማድረጉን ነዉ የተገለጸው።

ይህ መመሪያ በአምራቾች ወደ አገር የሚገቡ ዕቃዎች ዋጋ በሚወስንበት ወቅት የሚወስደው ጊዜ ከአምራቾች ከፍተኛ ቅሬታ እያስነሳ መሆኑ ይታወቃል ።

ይሄን ተከትሎ በአምራቾች ወደ አገር የሚገቡ ዕቃዎች ዋጋ አተማመን ሥርዓት ላይ ማሻሻያ ማድረግ ማስፈለጉን ነዉ ካፒታል ከኮሚሽኑ ከተፃፈው ደብዳቤ ለመረዳት የተቻለው ።

መመሪያ ቁጥር 158/2011 እስኪሻሻል ድረስ በክሊራንስ ጊዜ የዋጋ ማጣራት ሃደቱ የሚወስደውን ጊዜ ለማስቀረት በሚል አምራቾች እቃዎችን ወደ አገር ውስጥ ሲያስገቡ በሚያቀርቡት ህጋዊ የግብይት ዋጋ እንዲስተናገዱ ፈቅዷል።

ይህ ሰርኩላር አምራቾች፤ ልዩ መብት የተሰጣቸው የኢኮኖሚ አንቀሳቃሽ ፕሮግራም ተጠቃሚ ድርጅቶች፥ ለኢንቨስትመንት ሥራ ዕቃዎችን በቀረጥ ነፃ የሚያስገቡ ድርጅቶች፤ የመንግስት ፕሮጀክትን ለመስራት በግል ድርጅቶች የሚገቡ ዕቃዎች፣ የመንግስት የልማት ድርጅቶች እና የፌዴራልና የክልል መንግስታት ተቋማትን ይመለከታል።

Source: capitalethiopia
@Ethiopianbusinessdaily


The Ethiopian Edible Oil Producers & Manufacturers Association (EOPMA) recently appealed to Finance Minister Ahmed Shide, warning that policy misalignment, tax adjustments, and unchecked imports have pushed the industry to the edge of collapse.

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Source: addisfortune
@Ethiopianbusinessdaily


Kacha Digital Financial Service S.C., a leading digital financial platform in Ethiopia, has announced a partnership with Chapa, an innovative online payment gateway. This collaboration allows customers to pay with their Kacha Wallet directly on Chapa's platform, further streamlining digital transactions in the country.

Chapa empowers merchants to accept local and international payments, making it a vital tool for businesses looking to expand their reach. The integration of Kacha Wallet into Chapa's platform aligns with Kacha's commitment to enhancing financial accessibility and convenience for its customers.

This collaboration follows Kacha's recent partnership with Bunna Bank to launch Abol Buna, a digital salary advance loan service, showcasing the company's dedication to providing diverse and innovative financial solutions.

Source: linkupbusiness
@Ethiopianbusinessdaily


UAE-based Phoenix Group PLC, a global leader in blockchain and cryptocurrency infrastructure, has announced its expansion into Ethiopia through an 80-megawatt (MW) Power Purchase Agreement (PPA). This strategic move, executed in partnership with Abu Dhabi-based cybersecurity firm Data7, positions Ethiopia as a key hub for Phoenix Group’s bitcoin mining operations, set to launch in Q2 2025.

Phoenix Group CEO Munaf Ali described the project as a "testament to the Group's global momentum," while Reza Nejatian, CEO of Global Mining Operations, called it "a platform for growth in Africa and beyond."

This initiative underscores Ethiopia's potential in the digital asset space and highlights its growing role in global technological innovation. It also reinforces Phoenix Group’s commitment to sustainable energy solutions for advancing blockchain technologies.

Source: linkupbusiness
@Ethiopianbusinessdaily


ሳፋሪኮም ኢትዮጵያ 42 በመቶ የሀገሪቷን ህዝብ ሸፍኗል ሲል ባለስልጣኑ አስታውቋል

ኢትዮጵያ በተለይ ከቅርብ አመታት ወዲህ እያደረገች ይገኛል በተባለው የሪፎርም ስራ የቴሌኮም ዘርፉን ለዉጪ ተዋኒያን ክፍት ማድረጓ ተጠቃሽ ሲሆን ፤ይህን  ተከትሎ ከ ሶስት ዓመታት በፊት ገበያዉን የተቀላቀለዉ ሳፋሪኮም 42 በመቶ የሀገሪቷን ህዝብ ሲሸፍን በዞን ደረጃ ደግሞ 52 በመቶ መሸፈኑን የኢትዮጵያ ኮሙኒኬሽን ባለስልጣን አስታውቋል ።

ከዚህ በተጨማሪ ሳፋሪኮም በሀገሪቷ እየሰጠ የሚገኘዉ የ4ጂ አገልግሎትን በተመለከተ አሁን ባለዉ መረጃ 39 በመቶ ደርሷል ተብሏል ።

ከቴሌኮም ማማ ( ታወር ) ጋር በተያያዘ ሳፋሪኮም በመላዉ ሀገሪቱ 3 ሺህ 500 ማማዎችን ዘርግቶ እየተንቀሳቀሰ ይገኛል የተባለ ሲሆን በተመሳሳይም ኢትዮቴሌኮም 8, 500 ታወር ዘርግቷል፤ ይህን ተከትሎ በ 2013 በሀገሪቷ ካለዉ 7 ሺህ 100 ታወር አሁን ላይ ወደ ከ 11 ሺህ 500 በላይ መሆኑን አመላክቷል ።

Source: capitalethiopia
@Ethiopianbusinessdaily


Ethiopia Sees Growth in Agricultural Mechanization

The Ministry of Agriculture has announced that Ethiopia’s tractor plowing rate has risen from 5.7% in 2020 to 25%, marking a development in agricultural mechanization.

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Source: 2merkato
@Ethiopianbusinessdaily


Ethiopia-Japan Trade Symposium Highlights Investment Opportunities

The Ethiopia-Japan Trade and Investment Symposium commenced today in Addis Ababa, bringing together over 50 Japanese company representatives, government officials, and key stakeholders.

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Source: 2merkato
@Ethiopianbusinessdaily


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Sub-Saharan Africa set for modest recovery in 2025 despite economic challenges, IMF Report

As the world grapples with economic uncertainties, Sub-Saharan Africa is poised for a modest recovery in 2025, according to the latest World Economic Outlook Update from the International Monetary Fund (IMF). The report, released on Friday January 17, highlights a projected growth rate of 4.2% for the region, indicating a potential rebound from the challenges faced in recent years. However, this optimistic forecast is tempered by significant risks and underlying issues that could hinder sustainable development.

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Source: capitalethiopia
@Ethiopianbusinessdaily

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