Friday, June 14, 2024

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Gov’t on brink of IMF agreement, sources disclose National Bank Governor Mamo Mihretu has offered a rare pledge for ‘preferential treatment’ to Saudi Arabian nationals eyeing investments in Ethiopia. The Governor made the pledge during a speech to a delegation of 79 Saudi investors and Chamber of Commerce representatives at the...

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Manufacturers call for suspension of soya bean exports

Ethiopian Edible Oil Manufacturers Association requested the Ministry of Trade & Regional Integration to place a ban on the exports of soya bean, which...

Sapphire Addis reopens after three months closure

The four-star Sapphire Addis Hotel, one of the hospitality establishments in Addis Ababa that have been closed in the aftermath of the war in...

Only 50% of Ethiopians see press, election freedom, AU reports

Half of Ethiopia’s population believes there is a press freedom and free election, African Union’s continental report on the implementation of agenda 2063 released...
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CCECC dwells on joining housing market

Company finalized feasibility studies but is yet to submit the study The China Civil Engineering Construction Corporation (CCECC) has undertaken feasibility studies to construct apartments...

Capital Market Authority awaits Director General approval

Officials at National Bank of Ethiopia await the Prime Minister to approve a Director General to establish the Capital Market Authority. The central bank...

Ethiopia caps electric exports at 10 %

Sudan will get 200 MW The government has introduced a new threshold that limits the export of electricity to 10 percent of the total electricity...
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Ethiopia to restructure its investment incentive scheme

Draft regulation to tighten grip, follow-up on incentives A draft regulation, which poses a stricter control and regulatory mechanisms on incentive packages, provided for both...

Plastic manufacturers seek forex reallocation from importers

Businesses involved in the manufacturing of plastic bottles want the central bank to reallocate forex allotted to companies that import raw materials for their...

Ethiopian Airlines remains profitable despite aviation hiccups

It exceeded revenue target by 13 % Ethiopian Airlines Group posted 118.2 billion birr in revenues for the first half of 2021/22 fiscal year, four...
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Two Ethiopians Become Member of AfCFTA’s Advisory Council

The Secretariat of African Continental Free Trade Agreement (AfCFTA) appointed Arkebe Oqubay (PhD), a Senior Ethiopian Official, and Taferre Tesfachew, an international consultant, as...

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