FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Corporation Moves Laboratory

Aug 10 , 2019


[ssba-buttons]

Ethiopian Mineral, Petroleum, & Biofuel Corporation inaugurated its Central Mineral Analysis Laboratory & Gemstone Workshop, which taste and analyse mineral samples. The Corporation tasked with exploring, producing and selling fuel and minerals, including biofuels, moved its laboratory to Addis Abeba from its previous location in Shakiso. “We’ve received more than 1,200 different samples from local companies each weighing 400gm,” said Mulugeta Seid, CEO of the Corporation. “We have the capacity to do an analysis not only for the local mining companies but also for other countries as well.” There are only two mining laboratories in the country, Ezana Mining Development Plc and the Geological Survey of Ethiopia. This shortage of laboratories forces private mining companies to look for laboratory services in other countries like England, Moscow, Holland and South Africa.


Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...