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Local Oil Company hit by hard currency shortage

Yetebaberut Beherawi Petroleum S.C., a local oil company founded predominantly by oil transporter companies more than 15 years ago, expressed its frustrations over the lack of access to hard currency needed to import oil products in to the country, making it difficult to operate its main line of business in the past two years, and threatening its existence, The Reporter has learnt.

African airlines to lose USD two bln

The International Air Transport Association (IATA) on Wednesday announced that as a consequence of the COVID-19 pandemic and associated restrictions, African airlines are forecast to lose USD two billion in 2020.

A hard-hit beer sector

Late last year a chilly Addis Ababa morning greeted the heads of the breweries as they met a senior government minister. Eugene Ubalijoro was appointed as a spokesperson and tasked with presenting a slew of issues that the executives felt were deterring them from doing business in Ethiopia.

BGI to debut new product line

French owned BGI Ethiopia is set to inaugurate new beer products – Dopel alcoholic beer and Senque malt (non-alcoholic) beers, starting next week, The Reporter has learnt.