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Fed Lifts Chinese Assembled Volkswagen Embargo


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The ban on the import of electric Volkswagen (ID Series) cars assembled in China has been lifted. It was initially imposed after the Ministry of Transport & Logistics received a letter from the German automobile manufacturer headquartered in Wolfsburg following concerns with the battery's suitability for Ethiopia's weather. However, officials disclosed that a recent study conducted by Adama Science & Technology University contradicts the claims, revealing that the battery has no significant issues. The chain-assembled electric Volkswagen, known for its environmentally friendly features, is equipped with a battery designed to withstand temperatures up to 40 degrees Celsius. The number of vehicles in the capital has surpassed 714,000, with an estimated urban population of five million. The introduction of electric vehicles aligns with global efforts to reduce carbon emissions and promote sustainable transportation.


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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...


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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...


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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...