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Capital News

NBE holds interest rate...

September 29, 2025

The National Bank of Ethiopia (NBE) has decided to hold its key interest rate...

Capital News

Workshop for Horn of...

September 29, 2025

By our staff reporter Chengdu, ChinaThe 2025 Training Workshop for Think-Tank Scholars from the Horn...

News

New 30% VAT, Excise Tax on petroleum to raise fuel prices

September 28, 20250

The Ministry of Finance has confirmed the full implementation of a combined 30 percent tax on petroleum products for the fiscal year 2025/26, comprising a 15 percent value-added tax (VAT) alongside a 15 percent excise duty. This move marks a significant shift in the country’s fiscal policy, reinforcing the government’s commitment to the Homegrown Economic Reform Agenda but raising widespread concerns about its potential economic impact. The newly approved ‘citizens budget’ outlines these taxation measures, which collectively place a substantial new burden on fuel prices for consumers and businesses alike. Given fuel’s central role in transportation, agriculture, and manufacturing, experts warn that the tax increase risks exacerbating inflationary pressures already elevated by high costs and prior reductions in fuel subsidies. Since mid-2022, the Ethiopian government has phased out fuel subsidies to curb public spending and correct...

Capital News

Day Zero Droughts: Africa...

September 28, 2025

Multiple recent scientific studies have raised alarm over a looming global water crisis, with...

Capital News

IATA study confirms SAF...

September 28, 2025

The International Air Transport Association (IATA), in collaboration with Worley Consulting, released a study...

Capital News

IMF forecasts tepid global growth; Ethiopia...

September 28, 2025

Ethiopia continues to engage actively in addressing economic challenges amid a complex global environment marked by uncertainty, shifting trade...

Capital News

Africa’s Persistent Energy Poverty: A Crisis...

September 28, 2025

Despite global progress towards universal electricity access, hundreds of millions of Africans continue to live without reliable power, relying...

Editorial

Arresting Journalists...

September 28, 2025

In recent months, Ethiopia has witnessed a disturbing surge in the arrests of journalists, media professionals, and human rights...

Editorial

World Must...

September 21, 2025

The world’s persistent neglect of Palestinian statehood and the unbearable conditions imposed by Israeli forces have created one of...

Editorial

Addis Ababa...

September 14, 2025

The Addis Ababa Declaration, forged at the vibrant and deeply consequential Second African Climate Summit (ACS2), marks a pivotal...

Editorial

Powering Ethiopia’s...

September 7, 2025

The Grand Ethiopian Renaissance Dam (GERD) stands as one of the most ambitious and transformative infrastructure projects in Africa’s...

Interview

Driving Ethiopia’s Green Future

Mesfin Getahun, Founder and CEO of Moteregna Transport, is steering Ethiopia’s logistics sector toward sustainability with innovative motorcycle delivery services and cutting-edge electric motor assembly. Drawing on a rich multidisciplinary academic background and a decade of executive experience in international organizations and logistics, Getahun’s vision aligns Moteregna with Ethiopia’s Green Growth Strategy through digital optimization and electric mobility. In...

Interview

Ethiopia’s FX Market Reforms and Citi’s Role

Akin Dawodu, Citi Bank’s Sub-Cluster and Banking Head for Sub-Saharan Africa, oversees business operations across 33 countries, including Ethiopia. With over two decades of experience in banking and finance across the region, Akin has been integral to Citi’s strategic engagement with African markets. His extensive background includes leadership roles such as Cluster Head for West and Central Africa and...

Vacancy & Bid

Invitation for BID

RTI is an independent organization dedicated to conducting innovative, multidisciplinary research that improves the human condition. Founded as a centerpiece of the Research Triangle Park in North Carolina in 1958, RTI offers innovative research and development and a full spectrum of multidisciplinary services. It has a worldwide staff of more than 6,000 people. Feed the Future Ethiopia Transforming Agriculture (FTF-ETA)...

Vacancy & Bid

REQUEST FOR PROPOSALS FOR

Request for Proposal for Long Term Agreement for Providing Corrective and Maintenance Service for the UN System LRPS-2022-9199294 UNICEF (Ethiopia) wishes to request eligible bidders to participate in a Request for proposal (LRPS) FOR ESTABLISHING LONG-TERM ARRANGEMENTS for the provision of Corrective and Maintenance of ICT Equipment services for the UN System. Details of the requirements for this bid and eligibility criteria etc....

Vacancy & Bid

REQUEST FOR PROPOSALS FOR

Rehabilitation and upgrading of school WASH and Menstrual Health Management/MHM/ facilities for 15 Secondary Schools in Afar Region LRFP-2025-9200050 Topic- UNICEF (Ethiopia) wishes to request eligible bidders to participate in a Request for Proposal (LRFP) for Rehabilitation and upgrading of school WASH and Menstrual Health Management/MHM/ facilities for 15 Secondary Schools in Afar Region. Details of this bid's requirements and eligibility criteria...

Vacancy & Bid

Vacancy Announcement

KK Private Limited Company (KK PLC) is a privately owned company engaged in the textile industry, import & export business, real- estate development and others. Our company KK PLC is looking for competent, motivated & energetic employees on the following position. Position:- Public Relations & Liaison Division Manager 1. Job Summary The Public Relations & Liaison Division Manager is responsible for managing...

In Pictures

flying machine

September 28, 2025

In Pictures

lonley horse

September 28, 2025

Arts and Culture

Africa Re-Union reverses 1884 Berlin Conference

A monumental artwork depicting some of Africa’s great legends, past and present, in front of a reversed map of Africa, seeks to establish the true story of Africa as told by Africans. The centrepiece for Africa’s longest-running contemporary art fair, FNB Art Joburg is a monumental 3m by 2m canvas, Africa Re-Union, which reverses the context of the infamous 1884 Berlin Conference where...

Arts and Culture

Winners of inaugural Creative Africa Nexus (CANEX) Junior Chef Competition unveiled

Fatma Zohra Bendjelida was crowned winner of the inaugural Creative Africa Nexus (CANEX) Junior Chef Competition which celebrates young aspiring chefs’ creativity and flair in African cuisine and culture. Loubna Ali Cherif and Aouis Akkouch were named first and second runners up in the competition that was open to young aspiring Algerian chefs aged between 16 and 21 years. Participants...

Business & Economy

The New Age Thinking...

The 21st century is witnessing a dramatic transformation in how societies conceptualize progress, prosperity, and development. Traditional economic models...

Business & Economy

Climate Change and African...

Climate change has become one of the greatest global challenges of the 21st century, with implications that go far...

Business & Economy

Post-Truth Society and Economic...

We live in strange times. Never before have we had so much access to information, yet never has truth...

Sports

The African Legends Who...

You don’t really forget players like these. They’re the ones who made you sit up and pay attention. The...

Sports

The Legal Side of...

The success of online sportsbooks has not gone unnoticed. However, many people are still not 100% aware of how...

Sports

Casino Table Games Tips...

Online casinos are leveraging technology to bring the glittering and thrilling casino feeling closer to players via smart devices....

Opinion

A Necessary Cure for...

I recall a particularly frustrating experience from a couple of years ago, one that likely resonates with many of...

Opinion

Profits Bleed When Developments...

' 7.2 million people identified as needing GBV support, 45% were children, and 44% were women- Report' Amid predictions of Africa’s...

Opinion

Cross Border Seamless Travel...

Picture this: no passport to dig out, no boarding pass to scan. You walk into the airport, look into...

Society

Thought Leadership on Economic...

Adam Smith (1723- 1790) and David Ricardo (1772- 1823) classical economic theories emphasized invisible hand's free market forces of...

Society

What viable options do...

The federal government of Ethiopia has recently announced a 160 billion birr salary increase for public servants, a significant...

Society

Macroeconomic reforms and their...

Ethiopia has just celebrated the one-year mark since it adopted market-oriented reforms – to be financed by the IMF...

AfricaNews

Mantashe to attend major AOW energy event

South Africa’s Minister of Mineral and Petroleum Resources, Mr Gwede Mantashe has committed to attend the four-day AOW energy event (https://AOWEnergy.com/) in Cape Town from 7 – 10 October. AOW: Investing in African Energy brings together industry leaders to develop policy, share discoveries, secure investment, and shape Africa’s energy future. This year’s event will feature more than 1 600 senior delegates, 80 ministers and officials from 70+ countries and representatives of more than 760 companies. Announcing Mantashe’s confirmed attendance, Chief Executive Officer of Sankofa Events, Paul Sinclair...

AfricaNews

The Gambia’s Minister of Petroleum and Energy Joins African...

On the back of major investments from multilateral finance institution the African Development Bank, The Gambia is poised to increase its electrification rate to 70% – 50% in rural areas – by the end of the year. In the wake of the country’s burgeoning energy sector, The Gambia’s Minister of Petroleum and Energy Nani Juwara will participate as a speaker at this year’s African Energy Week (AEW): Invest in African Energy 2024 conference, which takes place in Cape Town from November 4-8. The Gambia represents...

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