Wednesday, May 31, 2023

Tag: MoFEC

Ethiopia to avoid non-concessional loans

After shunning repeated call from the International Monetary Fund (IMF) and the World Bank Group (WBG) to limit commercial borrowing, and feeling the pressure of the accumulated external debt of Ethiopia, the Ministry of Finance and Economic Cooperation (MoFEC) has decided to strictly avoid non-concessional loans from foreign creditors for an unspecified period of time, The Reporter has learnt.

PM office restricts foreign travel by Officials

The Office of the Prime Minister issued a new circular imposing more restrictions on foreign travels by officials, The Reporter has learnt.

Belay Ab inks 352 mln birr contract to supply 400 vehicles

Belay Ab Motors, a local vehicle assembler, has finally inked a contract to supply 400 sedan automobile vehicles with a total price of 352 million birr, The Reporter has learnt.

Ministry rejects Shakeel’s petition

Service retenders 400,000 MT wheat supply The Public Procurement & Property Administration Agency and Ministry of Finance and Economic Corporation (MoFEC) rejected the complaint lodged by the Pakistan-based Shakeel & Company regarding the latest wheat purchase tender worth 2.6 billion birr.

Belay Ab Motors offers least price in govt’s vehicle purchase bid

Four local companies, which are bidding to supply vehicles for the government, submitted their bids, in which Belay Ab Motors, a local vehicle assembler gave a total least offer of 304.96 million birr for the supply of 400 sedan automobile vehicles.


Kenya’s GMO plans disrupted, but Ethiopia pushes forward with testing

The Kenyan government's move to import Genetically Modified Organisms...

Ethiopia consults IMF, WB to “boldly” reform exchange regime

- Currency reunification, a prerequisite to restructure debt - Delayed...

Nurturing promising female athletes in a town of runners

Fetiya Abdi began her athletic career at age 14....

Mass protests erupt over mosque demolitions

- Two deaths were reported   - Thirty-seven police personnel...