Ethiopian Ministers Approve Nearly 600 Billion Birr Additional Budget

Parliament ratified the country’s biggest budget bill of 971.2 billion birr in early July, before the recent macroeconomic reforms that entailed the floating of the Birr.

Spam Texts Are Rising in Ethiopia

Ethiopians are increasingly falling victim to spam texts, including fraudulent job offers, suspicious investment schemes, and phishing attempts.

Ethiopia Looks to U.S. Regulators for Insights Ahead of Stock Exchange Launch

There were 653 unicorn startups with a combined value of 630 billion dollars that participated in the US capital markets in 2023.

Desperate Times See Addis Ababa’s Residents Move into Semi-Finished Condominiums

At first, most homeowners were just looking for someone to occupy the apartments. However, persistent demand for the semi-finished condominiums has pushed rent prices up.

Ethiopian Taxpayers Rush to Printing Press as Government Puts Three Month Deadline for QR Codes on Receipts

The Revenues Ministry has issued an ordinance that requires the printing of QR codes on payment receipts issued by Ethiopian taxpayers in eight cities within three months.

Crypto Market Reacts to Trump’s Win, Bitcoin Hits Historic Highs

The surge in cryptocurrency has also sparked excitement among local crypto enthusiasts.