The Ethiopian Investment Commission (EIC) warned the Chinese company – Hoaneng packaging PLC – after finding it engaged in a business activity assigned only to Ethiopians and engaging in the production of materials other than what is prescribed in the license, The Reporter has learnt.
With an initial capacity of malting 60,000 tons of barley per year, France-based Malteries Soufflet – a major international player in the global malt market – has agreed to join Ethiopia's malt industry.
The Ethiopian Revenues and Customs Authority (ERCA) Addis Ababa Kality Customs Branch Office has frozen the assets and properties of the South Korean construction firm, Keangnam Enterprises, in a bid to recover more than 260 million birr in unpaid customs duty.
Ethiopia and more generally Africa, is now looking at Ireland’s transition from a once struggling economy to that of an economical powerhouse near the top of the IMF and World Bank ranks as something to emulate within its society.
Shakeel & Company, a Pakistan based grain supplier lodged a complaint to the Public Procurement and Property Administration Agency, for the return of its half a million birr worth of Cashier Payment Order (CPO) which it submitted as performance guarantee.