The Federal Tax Appeal Commission reviewed tax disputes involving 17.7 billion birr in the financial year ended June 30, resolving 958 cases valued at 9.86 billion birr. The commission received 1,224 appeal files during the fiscal year, including 755 newly registered cases worth 12.45 billion birr and 469 cases carried over from the previous year […]

The Federal Tax Appeal Commission cleared tax disputes worth 9.86 billion birr during the fiscal year ended in June 30, as the value of cases brought before the institution increased despite a fall in the overall number of appeals. The commission’s annual performance review showed that it received 1,224 appeal files involving claims valued at […]

The National Bank of Ethiopia (NBE) has widened its restrictions on virtual assets, making clear that the prohibition extends beyond cryptocurrencies to cover a broader range of digital asset activities, including trading, transfers, custody and related financial services. The clarification, issued on July 23, 2026, comes as the central bank seeks to define the scope […]

Smaller businesses are struggling to secure financing while larger companies with better access to credit remain cautious about expanding investment, highlighting a widening divide within the private sector, according to new World Bank Enterprise Survey data. The 2025 survey of 1,011 formal firms operating in manufacturing and services shows that access to finance remains one […]

Ethio Telecom increased revenue by one-third to 215.86 billion birr in the financial year ended June 30, 2026, as the state-owned operator reported strong growth in operating earnings and marked a turning point in its business with data services overtaking voice as its largest source of revenue. The operator announced its annual financial results during […]

A UAE-based warehouse automation company is entering the local market with lower-cost technology aimed at helping industrial firms replace manual warehouse operations with faster and more efficient systems. ACME Interwold has partnered with Pitron Tech Solutions to introduce semi- and fully automated warehouse solutions targeting coffee processors, flour producers, pharmaceutical companies and manufacturers. The partnership […]

Frehiwot Alemayehu joined Zemen Insurance in March 2026 with a mandate to strengthen one of the country’s younger insurers as the market enters a period of rapid change. A veteran of the insurance sector with nearly two decades of experience, she moved to Zemen after a long career at Awash Insurance, where she served as […]

Digital financial service providers have created an industry association after six years of informal coordination, marking a new stage for a market that has expanded rapidly since regulators opened the country’s payments ecosystem beyond traditional banks. The Ethiopia’s Digital Financial Service Providers Association (EDFSPA) was formally launched on Tuesday after operating as a working group […]