2merkato

The Addis Ababa City Administration has officially begun issuing new vehicle license plates featuring the international country code ETH, which is assigned to Ethiopia under the Vienna Convention.

The government of Ethiopia plans to collect around Birr 1.5 trillion in tax revenue during the fiscal year beginning July 8, 2026, according to the federal government’s draft revenue budget document.

The Dire Dawa-Dewele Railway Company has announced that it has increased its transport service from two trips per week to three.

MIDROC Investment Group and the International Finance Corporation have signed an 80 million US dollar long-term loan agreement.

A national stakeholder forum on the Warehouse Receipt System was held today, highlighting the system’s potential to transform Ethiopia’s agricultural economy, improve access to finance, and strengthen market stability.

The House of Peoples’ Representatives has approved a major amendment to Ethiopia’s Customs Proclamation, introducing tougher penalties against contraband trade, including the confiscation of vehicles used to transport illicit goods.

The Council of Ministers has referred the draft Federal Government budget for the 2026/27 fiscal year to the House of Peoples’ Representatives, proposing a total allocation of Birr 2.34 trillion.

The Ethiopian Capital Market Authority (ECMA) has granted a Capital Market Service Provider license to United Capital Financial Services PLC, making it the first foreign investment bank to establish a subsidiary in Ethiopia.

Kefi Gold & Copper PLC reported a pretax loss for 2025, despite stating that the company is now entering a major transition phase as its flagship Tulu Kapi gold project in Ethiopia moves from development toward production.

The Industrial Parks Development Corporation has introduced a new policy measure aimed at supporting domestic manufacturers by offering reduced service fees and four years of free access to selected special economic zones, formerly referred to as industrial parks.