Saturday, April 20, 2024

Tag: Forex

Export commodities face severe quality compromise

According to the assessment of public agencies, the exportable agricultural commodities are facing serious quality compromise as producers and exporters have been found failing to comply with the minimum standards set in destination markets. 

ERCA tightens border control

The Ethiopian Revenues and Customs Authority (ERCA) said it has tightened security control in all its custom stations in a bid to control the illegal flow of foreign currency out of the country.

Foreign currency crunch stunts chemical, construction inputs export

The spiral foreign currency shortage has hampered the export of chemical and construction inputs.

Local manufacturers lambast NBE for revised Suppliers’ credit facility

Metal, engineering and chemical manufacturers have voiced their displeasure over the recently revised National Bank of Ethiopia’s (NBE) Suppliers Credit Facility. According to NBE, the...

Forex shortage forces city to bend procurement rule

As the result of the recurrent foreign currency shortage, the board of Addis Ababa Public Procurement and Property Disposal Agency has given permission to Woreda administrative offices to directly procure their own stationary materials, bending its procurement procedure to execute all such purchases through the Agency.