The Ethiopian Investment Commission (EIC) said foreign direct investment (FDI) reached 4.32 billion US dollars during the fiscal year ended in June 30, while 528 new investment projects secured licences, as the government’s macroeconomic reforms continued to attract foreign capital and expand investment activity. The figures, announced during the Commission’s annual performance review led by […]

Addis Ababa has introduced a new licensing system for producers of sand, gravel, stone and other construction minerals, requiring businesses and individuals to secure government approval before extracting or selling building materials as the city seeks tighter control over a critical supply chain. The Addis Ababa City Administration Environmental Protection Authority issued Construction Minerals Licensing […]

Safaricom Ethiopia has entered a joint venture with Ethiopia’s National ID Program and Africom Technologies to support the next phase of the country’s Fayda digital identity rollout, extending citizen registration across seven regional states as the government accelerates implementation of its flagship digital identity programme. The agreement covers Lots 3 and 4 of the National […]

Addis Ababa has capped annual rent increases for privately owned residential properties at 11.5 percent for the 2026/27 fiscal year, as city authorities seek to regulate lease renewals amid persistent pressure on housing costs. The city’s Housing Development and Administration Bureau said the new ceiling will apply during the 2026/27 fiscal year and was determined […]

Addis Ababa’s Feeding Agency raised more than 53 million birr during the 2025/26 fiscal year, exceeding its annual resource mobilisation target by 77 percent, as the city expands food support programmes targeting vulnerable communities and students. The agency’s Project Preparation and Resource Mobilisation Directorate had planned to mobilise 30 million birr during the fiscal year […]

Ethiopia is positioning its pharmaceutical industry for export markets after securing a higher international regulatory rating, while nearly halving its reliance on imported medicines by expanding domestic production, Prime Minister Abiy Ahmed (PhD) said. Addressing parliament on Tuesday, Abiy said Ethiopia has achieved Maturity Level 3 under the World Health Organization’s global benchmarking system for […]

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