NBE Orders Banks to Use Customs’ Indicative Prices for Selected Import

NBE orders banks to use Customs’ indicative prices for selected imports when processing forex, citing wide valuation gaps and concerns over balance of payments data. Rule takes effect Jan 27.

As Ethiopia Tightens Real Estate Rules, Developers Embrace Arbitration

A new agreement between the Ethiopian Real Estate Developers Association with the Addis Ababa Chamber aims to formalize dispute resolution in the sector long plagued by delays and scandals.

Websprix Launches Sovereign Cloud Infrastructure Amid Ethiopia’s Data Localization Push

Websprix, Ethiopia’s first private ISP, has launched a sovereign cloud infrastructure offering enterprise-grade VMware and OpenStack clusters, keeping all hosted data inside Ethiopia.

Ethiopia’s Agricultural Transformation Institute Marks 15 Years, With Modest Gains

Ethiopia’s Agricultural Transformation Institute marks 15 years, pointing to gains from cluster farming and mechanization, even as food security risks and supply chain gaps persist.

Midroc Says it Acquired Wabi Shebele Hotel, Plans World-Class Renovation

MIDROC Investment Group says it acquired the iconic Wabi Shebele Hotel, originally built in 1968. Plans are underway to renovate it into a luxury hotel under Marriott’s Autograph Collection standards.

Awash vs Zemen: The Battle Between Scale and Efficiency

Ethiopia’s banks are no longer competing on size alone. The real battle is now scale vs efficiency and the numbers tell a peculiar story when Awash and Zemen are compared writes Yonas Ayele.