Continental Free Trade Agreement Amharic Version Comes to Life

Dec 17 , 2022


Non-English speakers can now access an Amharic translation of the continental agreement on the African Continental Free Trade Area (AfCFTA) and benefit from the opportunities it provides. Bethelhem Arega, the secretariat of the AfCFTA liaison office, says AfCFTA allows active engagement in the trade agreement between 44 countries with the potential to impact 1.3 billion people if implemented successfully. Implementing the continental agreement will mean phasing out tariffs between member states with accepted tariff concession appeals from 29 countries as of February 2022. The translated version was launched by the EU in partnership with the Ministry of Trade & Regional Integration last week at the UNECA hall, on Menelik II Avenue. Tages Mulgeta, the Ministry's expert on bilateral and regional trade relations and negotiations assistance, applauded the move, saying that the continental trade deal allows a gradual transition for trade integration between member states. The Deputy Head of the chamber of commerce, Wube Mengistu, represented the private sector at the event; he expects the Amharic translation to help the business community understand the implications more clearly.


Radar

Dashen Bank Rolls Out Mobile Payment Solution

Dashen Bank has introduced a new digital payment service that allows customers to pay for fuel with ease using the Dashen Super mobile app. The service was officially launched on May 13 and is now available at every fuel stations. According to the bank, the Dashen Super app enables users to make payments in just three clicks, offering a fast and convenient alternative to traditional payment methods. Dashen Bank announced that it plans to expand the service across all fuel stations in the coun...


Radar

Four Key Agreements Passed in Parliaments 29th Regular Session

In its 29th regular session of the fourth year, Ethiopia's 6th Parliament approved four key agreements: two loan deals, the establishment of a finance corporation, and an air transport agreement. Assistant Minister of State for Finance, Meseret Haile, introduced the proposed loan agreements and requested they be sent directly to a second reading for discussion and approval. Parliament accepted the request and proceeded with a detailed discussion on the draft proclamations. Members of Parli...


Radar

New Pact Targets Rural Road Links, Food Security Goals

The Ministry of Urban Development and Infrastructure has signed an agreement with several federal institutions to launch a major project targeting rural connectivity and food security. At the signing ceremony, State Minister Yetmegeta Asrat represented the Ministry alongside officials from the Federal Ethics and Anti-Corruption Commission, the Federal Public Procurement and Property Authority, the Environmental Protection Authority, and Helvetas Ethiopia. A separate agreement was also signed...