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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.

Complete reconfiguration for sugar industry  

In the wake of privatizing state-owned sugar plants and properties, consultants hired to shape the future sugar sector in Ethiopia have urged the government to remove the existing 33 percent excise tax levied on local producers.

Coca-Cola joins race for sugar plants

Cementing its six decades of business in the beverage industry of Ethiopia, the Coca-Cola Company under its subsidiary in Ethiopia has tendered its bid to acquire a sugar plant or plants the government is about to privatize in the early months of 2020, The Reporter has learnt.