Addis Ababa Revenues Bureau Targets 256 Billion Birr, Overhauls Tax Payment Schedule for 2024/2025
ADDIS ABABA – The Addis Ababa Revenues Bureau has announced a revenue collection target of 256 billion Birr for the […]
Unprocessed Vegetables Exempt from VAT in Addis Ababa
Addis Ababa, Ethiopia – The Addis Ababa Revenues Bureau has announced that unprocessed vegetables, including onions and potatoes, are exempt
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Teens Killed in Crossfire Amidst Ongoing Clashes in Amhara Region, Reports Allege
ADDIS ABABA – Two teenagers were reportedly killed in the North Wollo Zone of Ethiopia’s Amhara region, caught in the
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Ethiopian Parliament Approves Bill Allowing Foreigners to Own Immovable Property
The Ethiopian Parliament has approved a landmark bill allowing foreign nationals to own immovable property, marking a significant shift in the country’s land ownership policy. While land remains state-owned, foreigners can now purchase residential homes with a minimum investment of $150,000 USD. This measure aims to attract investment and is restricted to immediate family (spouses and children) to manage population growth, with regional states implementing guidelines for areas outside Addis Ababa.
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National Bank of Ethiopia Repeals Key Treasury Bond Directive
The National Bank of Ethiopia (NBE) has repealed its 2022 Treasury Bond Purchase Directive, effective June 30, 2025. This move signals a significant shift in the NBE’s approach to treasury bond operations. While specific reasons weren’t detailed, the repeal includes transitory provisions for outstanding allotments and existing bonds to ensure a smooth transition. Discover what this means for Ethiopia’s financial markets.
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