Customs Office Auctioned Uncollected Goods

Jun 22 , 2019


[ssba-buttons]

The Custom Commission’s Qality branch has auctioned off goods valued at 104 million Br that have been stored on its premises past removal deadlines. Construction materials, cosmetic products and vehicles uncollected past 30 days have now been removed from the Commission’s premises, according to Alemayehu Anticho, manager of the commission’s branch office. Currently, there are 744 containers and 144 trucks stored at the Qality branch, which are nearing their deadline, according to the manager. The Commission also announced that it had confiscated contraband goods valued at 115.7 million Br that were going to enter the city. Clothing, utensils, narcotics, electronics and firearms are among the seized items.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...