Capital Ethiopia

Capital, also referred to as Capital Ethiopia, is a weekly business newspaper from Ethiopia, produced and distributed by Crown Publishing Plc. This publication comes out every Sunday and has been in circulation since its launch in December 1998. With a strong focus on business, it proudly claims to be "the paper that supports free enterprise."

National

English

Newspaper

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Ranking

Global

#418269

Ethiopia

#807

Articles

ESL issues ultimatum to banks over service charges

1 month ago | capitalethiopia.com | Muluken Yewondwossen

Ethiopian Shipping and Logistics (ESL), one of the nation’s leading foreign exchange earners, has issued a final ultimatum to local banks, demanding a reduction in service charges for foreign currency transactions. In a letter dated February 14, ESL raised significant concerns about the excessive fees imposed by domestic banks for transfers to its account at Citi Bank, warning that these high charges are undermining its operations and competitiveness.
ESL retains exclusive cargo management rights

1 month ago | capitalethiopia.com | Muluken Yewondwossen

Ethiopian Shipping and Logistics (ESL) has been granted exclusive rights to manage cargo from key international trade routes. The Ethiopian Maritime Authority (EMA) has issued a long-anticipated notice to industry stakeholders, marking a significant milestone in the deregulation of Ethiopia’s multimodal transport industry. This development comes one year after the government granted permits to new entrants, ending ESL’s nearly 15-year monopoly in the sector.
Ethiopia approves GMO Maize for commercial production

1 month ago | capitalethiopia.com | Muluken Yewondwossen

In a historic move, Ethiopia has approved the commercial release of insect protected maize, following several years of rigorous efforts. Alongside transgenic maize, the government has also authorized the commercialization of genetically modified (GM) cotton varieties. The decision, made by the National Variety Release Committee (NVRC), represents a significant advancement for the country’s agricultural sector.
The Burden of Excessive Tax Collection Checkpoints on the Economy

1 month ago | capitalethiopia.com | Alazar Kebede

Tax collection is essential for any government to generate revenue and fund public services. However, when tax collection mechanisms become overly complicated or burdensome, they can hinder economic growth, create inefficiencies, and encourage tax evasion. One such issue that has become a growing concern in many countries is the excessive number of checkpoints for tax collection.
EIH permits three operators to enter multimodal transport sector

1 month ago | capitalethiopia.com | Muluken Yewondwossen

The Ethiopian Investment Holdings (EIH), the country’s sovereign wealth fund, has announced its commitment to fostering competition in the multimodal transport sector by permitting new operators to enter the market alongside the state-owned Ethiopia Shipping and Logistics (ESL). This decision represents a significant shift in Ethiopia’s logistics landscape, which has long been dominated by ESL.
A Diplomat's Perspective on Development, Trade, and Impact Investing - Capital Newspaper

2 months ago | capitalethiopia.com

Ambassador Gurjit Singh’s career has spanned continents and organizations, offering him a unique vantage point on the intricate web of global governance, international cooperation, and sustainable development. From his formative and rewarding tenure as Ambassador to Ethiopia to his accreditations with ASEAN and the African Union, Singh has witnessed firsthand the challenges and opportunities that […]
Battery storage is booming in Africa

2 months ago | capitalethiopia.com | Conrad Onyango

Africa is experiencing a major boom in battery storage, as residential homes, businesses and institutions like hospitals and schools cut down their dependence on national grid power and generators with renewable energy. Among the key trends being witnessed is the strategic co-location of solar power systems with battery energy storage in order to supply electricity to larger buildings, homes, and machinery.
Ethiopia set to reenter global stock market after over a century

2 months ago | capitalethiopia.com | Muluken Yewondwossen

By Muluken Yewondwossen Ethiopian Investment Holdings (EIH) has announced plans to reenter the global stock market by investing in multinational corporations. This marks Ethiopia’s return to international equity markets after more than a century, following Emperor Menelik II’s investments in New York stocks in the late 19th century.
Urban Poverty-the Ultimate Harbinger of Change

2 months ago | capitalethiopia.com | Samuel Estefanous

By Samuel EstefanousUrban Poverty isn’t just a topic sociologist and literary and artistic fountainheads indulge in. Neither is it a subject confined to the times of Chaplin, Dickens or Dostoevsky. It is a specter that haunts governments well in to the cyber age. The Urban Poor is an explosive political power base capable of inducing myriads of change as recently witnessed in places like Nairobi.
Confiscating Asset Incommensurate with a Person’s known Source of Income

Jan 20, 2025 | capitalethiopia.com | Samuel Estefanous

Allowing for the nuances of submitting an asylum application with political implications, one cannot help but sympathize with the opposition politicians who recently defected in Norway. A prominent reason for their defection was the pervasive corruption within the government, which can eliminate anyone with even the slightest genuine intention of opposing it. Many have fallen victim to this corruption, and a significant number of families have been pushed to the brink as a result.