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Creditors of the troubled capital goods financing company Ethio Lease have been given a 30-day deadline to file outstanding claims, as the firm formally enters the liquidation process with its capital valued at 400 million birr. According to a notice issued on Sunday by the liquidator Fekadu Petros & Partners Legal Service LLP, all creditors must submit […]

By Yared Seyoum As Ethiopia’s Christian community makes final preparations to celebrate Easter this weekend, many families have been increasingly worried about how rising inflation may impact their ability to enjoy longstanding culinary traditions. Inflation across the country has accelerated sharply over the past year due to a confluence of factors including global supply chain

The emerging real estate sector in South Sudan contrasts starkly with much of the country’s underdeveloped landscape. But in the capital city of Juba, a construction boom is underway that some believe could transform this central African nation. “Now, if you are looking for property in Juba, it is very expensive. That means if you

Ethiopian citizens seeking visas to travel to Europe will now have to wait significantly longer to receive a decision on their applications. The Council of the European Union announced today that it is increasing the standard processing period for Ethiopian visa requests from 15 days to 45 days. Previously, Ethiopians traveling regularly to Europe for

Gift Real Estate has launched the first phase of its major housing development project in partnership with the Addis Ababa city administration. On April 27th, Mayor Adanech Abiebie laid the cornerstone to kick off construction in the Le gare area, located at the center of the city. The initial phase of the Gift project will

By Yared Seyoum One of Ethiopia’s largest Savings and Credit Cooperative Organizations (SACCO), Awach, saw a surge in withdrawal requests from customers after revising its vehicle loan policy last month. The cooperative had decided to only finance brand new vehicles, rather than used ones aged less than 20 years. This prompted many existing customers who

A delegation of Kenyan companies has arrived in Addis Ababa hoping to capitalize on Ethiopia’s recent reforms opening several sectors to foreign investment. Led by the Kenya Association of Manufacturers, the trade and investment mission will meet with Ethiopian counterparts until April 26th. They were welcomed by the Addis Ababa Chamber of Commerce and Sectoral

The host agreement signing ceremony for the 2025 Intra-African Trade Fair (IATF2025) took place in Algiers on April 15th, 2024. The ceremony, hosted by the African Export-Import Bank (Afreximbank) in collaboration with the African Union and AfCFTA Secretariat, paved the way for the fourth edition of the IATF to be held in Algiers from September