Addis Ababa Launches Roadside Checks in Tax Evasion Crackdown

Addis Ababa is cracking down on tax evasion. Trucks leaving markets now face random checkpoints, with drivers asked to show same-day receipts or delivery notes.

Purpose Black Ethiopia Ordered to Repay Deposits with Interest

Addis court orders Purpose Black Ethiopia to refund home buyers, with interest & costs. Relief for some, but many more await.

Ethiopia to Host ASEB 2025, Spotlighting Africa’s Startup Builders

Ethiopia will host the 4th African Startup Ecosystem Builders Summit (ASEB 2025) this November, planning to draw over 2,000 participants and recognize builders across 35 award categories.

Commercial Bank of Ethiopia Launches 50 Billion Birr Loan Package for Diaspora Community

The loan facility is intended to finance investment projects, home purchases, and vehicle acquisitions.

HahuJobs Rolls Out Free STEM Courses Backed by Canadian Partners

Launched in the second week of August, early metrics suggest the platform is gaining traction. Fanos has recorded over 3,300 signups and more than 1,600 course enrollments.

Oromia Disburses 16.9 Billion Birr in Loans to New Entrepreneurs

Oromia region says its entrepreneurship programs have created 2.8M job opportunities through 16.9B Birr in loans, attaining a striking 420% year-on-year credit growth.

Dangote, Ethiopia Partner on $2.5B Urea Fertilizer Plant in Gode

Ethiopia’s state investment arm and Dangote Group have signed a $2.5B deal to build a fertilizer complex in Gode. The facility is set to produce up to 3M tons annually.

FenanPay Steps into Ethiopia’s Competitive Fintech Market

FenanPay has secured a commercialization license from the National Bank of Ethiopia after piloting more than 2.5 million transactions worth 1.5 billion Birr.