Tag: trade
Ethiopia’s Central Bank agrees to swap currency with African countries
The regulatory body will tap into Afrexim Bank’s Currency SWAP program
The National Bank of Ethiopia (NBE) expressed its interest to be part of Afrexim...
Free trade pact to cost Ethiopia 26 bln birr in revenue losses
Ethiopia could lose up to 26 billion birr annually by putting into operation the African Continental Free Trade Area (AfCFTA), according to a document from the Ministry of Trade and Regional Integration. This includes Sur tax, withholding, excise, and VAT tax revenues generated from imports from African countries, which will be tariff free under the AfCFTA.
Berbera-Togochale road project nears completion
85 percent of the construction of the cross-boundary road project which links Somaliland's port city of Berbera with Ethiopia's border town of Togochale has been completed.
Ethio-Djibouti line remains closed
Ethiopia’s lifeline, the Ethio-Djibouti line, remains closed since Saturday July 24, 2021 with various vehicles and drivers stranded on the route, The Reporter has confirmed.
ECX to enter mining market
Aimed at modernizing the existing market chain, the Ethiopia Commodity Exchange (ECX) announced it would soon join the mining market which includes the trading of gemstones by partnering with the Ministry of Mines and Petroleum to control illegal mining trading activities.