Tuesday, February 27, 2024

Tag: Import

Ethiopia to substitute metal imports in five years

NEWSSouth Korean POSCO offers to assist in iron mining and steel production The Ministry of Mines (MoM) has embarked on a new plan to substitute...

Ethiopia eligible for Afrexim bank’s USD four billion credit

Central bank says it is yet decided to receive the credit Ethiopia is among the beneficiaries of the USD four billion Ukraine Crisis Adjustment Trade...

Soaring fuel price necessitates formation of new team

 Fuel import bill might surge by 50% The National Bank of Ethiopia (NBE) is under preparation to conduct a study on the implications of international...

LC payment defaults pile as forex retention shrinks

Banks stop approving new LCs Commercial banks stuck between a rock and a hard place as they fail to settle the payment of the Letter...

War forces government to procure 3200 trucks to fill gap in logistics

The government of Ethiopia is forced to procure an additional 3200 trucks to ease port congestion and minimize demurrage costs of its logistics operation, which is partly precipitated by the war in the north, a situation led to the commandeering of over a thousand aid trucks by the Tigray People’s Liberation Front (TPLF).