Monday, March 4, 2024

Tag: Finance

Hoteliers, tour operators seek government’s assistance to stay afloat

Hotel owners and tour operators are seeking government assistance to withstand the severe impacts of the COVID-19 outbreak which brought the hospitality industry to a standstill.

Gov’t requests 27.9 bln birr additional budget

The Government of Ethiopia has tabled a request for a supplementary budget close to 27.9 billion birr before the House of People’s Representatives (HPR). The latest request comes four months before the current fiscal year ends and is an additional federal budget to the current year [2012 E.C] which amounts to 387 billion birr.

Ethio Lease to mechanise the agriculture sector

The first foreign-owned leasing company, Ethio Lease, yesterday signed Memorandum of Understanding (MoU) with the Ministry of Agriculture and the Agricultural Transformation Agency (ATA) enabling it to lease agriculture machineries to ATA sponsored farmers’ mechanisation centres.  

Business community in limbo regarding stock exchange

Members of the Addis Ababa business community have disclosed that they have been left out by the government in establishing the Addis Ababa Stock Exchange.

Gov’t to allow foreign companies to import food items

The government of Ethiopia has decided to allow foreign companies to import basic food items including wheat, edible oil and sugar to ease the burden of souring inflation rate.