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Determined yet uncertain

As politicians are divided over the timetable of the upcoming National Election, at the helm of the National Electoral Board of Ethiopian (NEBE), Birtukan Mideksa appears to be determined to meet the constitutionally protected election timetable; working under the assumption that 2020 is still the due date.

Central Bank directive frustrates oil companies

A directive issued by the National Bank of Ethiopia (NBE) requesting foreign oil companies engaged in oil and gas exploration and development projects in Ethiopia to open a foreign currency bank account in Ethiopia has frustrated international oil companies. 

Local company eyes Wonji, Metehara

The newly established Ethio-Sugar Manufacturing Share Company has started negotiations to acquire both Wonji-Shoa and Metehara Sugar Plants, pioneering state-owned sugar crushers established by the Netherlands HVA Company some 70 years ago.

Bill empowers regional states over mining

The House of People’s Representatives (HPR), on Thursday, approved a draft proclamation regulating the country’s mining sector and transactions empowering regional states with the right to grant and regulate mining and competency licenses.

House reviews business registration, licensing amendment

In a bid to reform the business environment in Ethiopia, a new bill has been proposed to amend the existing Commercial Registration and Business Licensing Proclamation which currently hold stricter provisions on business registration, licensing and operations.

Company plans cable train for Ethiopia

Sky Way Investment Group (SWIG) has pitched its ideas of a commercial cable train in Ethiopia – a globally new technology which is said to be less space consuming than the traditional railway construction.