The power rationing program that started in April is thwarting the productivity of the cement industry. The local cement manufacturing industry, which has been facing a myriad of challenges, has been hard hit by the power shedding program the state power monopoly, Ethiopian Electric and the Ministry of Water and Energy recently introduced.

A new draft bill, which was designed to amend the existing, restrictive banking and financial services proclamation, has been tabled before the House of People’s Representatives (HPR) offering a new regulation, which has given the green light to foreign nationals of Ethiopian origin to engage in the banking and financial services sector.

Cognizant of the need to promote private investment in Ethiopia and to assist in the government’s effort in job creation, the Government of Ethiopia (GoE) is preparing a policy that enables the setting up of a local venture capital fund in the country.

The House of Peoples’ Representatives (HPR) has approved a draft bill which would provide for the establishment of an independent regulatory body tasked with overseeing and supervising the communications service in the country.

The Government of Ethiopia (GoE) is preparing a three-year financial program to overcome the country’s daunting financial challenges, Eyob Tekalign (PhD), State Minister of Finance, said at the fifth Annual Private Equity in East Africa Conference held at Sheraton Addis Hotel on June 13, 2019.

The recent economic reform agenda led by Prime Minister Abiy Ahmed’s (PhD) administration is focused on addressing five key areas, The Reporter has learnt.

A Chinese firm, Shenzhen Lemi Technology, has unveiled various solar technologies that it plans to supply to the Ethiopian market.