A month after the demonetization moves of the Abiy Ahmed (PhD) administration came into effect, a major phase came to an end yesterday as the time span for changing old notes with new ones ran out for amounts ranging from 100,000 birr to 1.5 million birr.
Tasked to improve transport services, monitor ongoing service deliveries and address outstanding problems, the Ministry of Transport (MoTr) established an independent council in collaboration with stakeholders, the Transport Minister announced.
The United States of America, through its International Development Finance Corporation (DFC), has committed USD 1.55 million (equivalent to some 54 million birr) in technical development for the Tulu Moye Geothermal Power Plant Project in Ethiopia.
The Ministry of Mines and Petroleum disclosed that the country generated 178 million USD from minerals export in the first quarter of the current budget year. 2,241 KG of gold produced by traditional miners was exported, surpassing the target by 298.9 percent.
A local company established by four Ethiopian investors, Tadash Steel Manufacturing Industry Plc, has built a steel factory at a total cost of two billion birr in Dukem town, in the Special Zone of the Oromia Regional State.
BGI Ethiopia is set to introduce a new product, SEN’Q. This is to be a nonalcoholic malt beverage from one of Ethiopia’s biggest breweries of beer after it introduced a new dark brown beer, Doppel earlier this summer to the local market.