A group of wire processing factories has written an official letter of complaint to the Office of the Prime Minister recently following a case that involved a tariff protection regime put in place to protect wire rod manufacturers, most important ingredient to wire processing (nail manufacturing) plants, and a purported plan to support one wire rode manufacturer in Ethiopia.

A total of 11 employees working for the Commercial Bank of Ethiopia (CBE) Northern Addis Ababa District, in the Berhan ena Selam Branch, have been implicated in a fraud case involving 27.8 million birr which they have withdrawn from various accounts and transferred to a dummy company and account number.

The Ethiopian government is set to sue 15 Ethiopian transitors and importers who had failed to settle more than 2.3 million dollars service fees for Djiboutian freight forwarders.

French agency extends more funds to Ethiopia  DMI Associates, a prominent legal consultancy firm based in Lyon, France, has been approached to assist the Ethiopian Government on its long overdue World Trade Organization (WTO) accession process and on the reform of the customs management system.

Pipeline construction to begin next August Well testing in the two gas appraisal wells drilled in the Calub and Hilala gas fields in the Ogaden basin has shown promising results.

Ethiopian Shipping and Logistics Services to buy 300 trucks The Ethiopian Government is exerting maximum efforts in unloading bulk wheat and fertilizer cargo at the Port of Djibouti.

90 percent non-collateralized credits for investors entering Hawassa Park Winning over ten global giants in textile manufacturing to harbor in the newly built Hawassa Industrial Park, the Government of Ethiopia has proposed a highly generous incentive package to all local manufacturers willing to set up shop at the newly built industrial park located in Hawassa town, capital city of the Southern Regional State.

Mercato leads in both tax contribution, evasion The Ethiopian Revenues and Customs Authority (ERCA) told the House of People’s Representatives on Tuesday that it is having a hard time keeping up with the growing contraband trade in Ethiopia as the contrabandists constantly alter their methods and contraband networks evading the existing anti-contraband operations and controlling mechanisms.

Local contactors engaged in road construction projects have expressed their resentment over right of way issues which they say are delaying road projects and escalating costs.

The horticultural sector, among which the cut flower export sector is the major one, has fetched some USD 245 million in 2014.