Export Disruption in Tigray costs Ethiopia USD 20 mln per month
Ethiopia loses USD 20 million (800 million birr) per month in exports due to the closure of factories and mining plants in Tigray, following the fighting between the Federal government and the forces of Tigray People’s Liberation Front, according to the Ministry of Trade & Industry.
Ministry revokes cement distributers’ licenses
The Ministry of Trade and Industry (MoTI) canceled the licenses of 18 cement distributors it accuses of overpricing beyond the tariff it set out in a directive.
UAE step-up to support private sector in Ethiopia
Started off as a government agency established to support Small and Micro Enterprises (SME) and startups within the United Arab Emirates (UAE), the Khalifa Fund for Enterprise Development (KFED) is set to expand its support to SMEs, entrepreneurs and startups in Ethiopia allocating USD 100 million to be used as revolving fund by the program which the organization will implement in partnership with the Ministry of Technology and Innovation (MoTI), The Reporter has learnt.
Government adjusts oil profit margin
The Council of Ministers on March 2 approved a proposal for a slight increment on the profit margin oil distribution companies and dealers earn from the sale of petroleum products.
Ethiopia misses export target yet again
Withthe country struggling to contend with the extended security crisis, more reports are emerging revealing an alarming trendin the performance of Ethiopia’sexport sectorasthe Ministry of Trade and Industry (MoTI) continues tograpple with illicittrade activities.
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