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Draft proclamation opens new doors for foreign investors

A new draft bill, intending to amend the existing investment proclamation has been tabled before the House of Peoples’ Representatives (HPR). The latest bill proposes amending provisions that would offer more opportunities for foreign investors, who seek to jump into local investment areas including the ones preserved to local investors.

Inflation soars to new heights

A new monthly report has indicated that, as of November 2019, the spike in inflation and the cost of living shows no signs of abating, as it did for the past four consecutive months, whereby headline inflation has increased by 20.8 percent.

Cepheus Capital partners Tabor Ceramics

Cepheus Growth Capital Partners has invested in one of Hawassa's ceramic makers, Tabor Ceramics Products Share Company and is to hold a “significant minority stake” in the company.