Capital Ethiopia

1 month ago | capitalethiopia.com

The Ethiopian government has announced an updated timeline for finalizing a Memorandum of Understanding (MoU) with G20 countries, aimed at restructuring debt repayments that account for nearly a third of its total external debt. The government has also committed to expediting negotiations with international bondholders. Ethiopia was one of the first nations to seek debt […]

2 months 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.

Mar 17, 2025 | 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.

Mar 3, 2025 | 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.

Feb 24, 2025 | 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.