Thursday, April 18, 2024

News

During a session today, the Council of Ministers approved a transitional justice policy crafted to investigate and litigate the weighing human right violations committed in Ethiopia's recent history. The policy aims to address "the overlapping and wide range of victims of human rights violations, conflicts, narratives, and abuses that have...

Editorial

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Video from Enat Bank Youtube Channel.

Business

Int’l energy suppliers to be paid in USD

They are not required to go through the usual profit repatriation process Foreign companies involved in power generation, in partnership with the government, will be...

Central Bank to green light ethio telecom’s micro credit permit request

The National Bank of Ethiopia (NBE) will green light ethio telecom’s request to offer a digital micro-credit and saving services via its Telebirr platform,...

Defense budget weighs on upcoming budget bill

It has reached  100 billion birr Ethiopia’s defense budget for 2022/23 fiscal year is slated to be a staggering 100 billion birr, constituting significant pie...
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The Ethiopian Customs Commission said recently that contraband networks are using government, security and Red Cross vehicles to evade detection. The Commission admitted to challenges...

Ethiopia terminates $300 million solar power project with Saudi firm

Gad & Decheto solar power project no longer valid due to delays A board formed to oversee Public Private Partnership (PPP) deals terminated a USD...

Ethiopia’s attempts to use the Ethio-Djibouti railway for fuel transport faces setbacks Authorities in Djibouti want Ethiopia to sign a binding agreement to use their...
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Tea prod’n hangs by thread, two big plants suspend export

Tea exports drops by half The number of Ethiopia’s tea farmers and exporters dropped to one, as two large companies exited the business over the...

Safaricom to shell out USD 700 mln for equipment imports

Company applauds gov’t for easing import processes Safaricom Ethiopia is about to invest USD 700 million to import equipment until the end of the company’s...

SoEs fall short on dividend payments to government

State Owned Enterprises (SoEs) pays 5.3 billion birr to the government in the last nine months, 38 percent lower than the figure registered the...
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Local fertilizer production plan takes shape

Ethiopian Investment Holding vies to partner with foreign fertilizer manufacturers The Ministry of Mines will soon hire international companies that are able to conduct a...

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