Fed Lifts Chinese Assembled Volkswagen Embargo


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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Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting...


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Central Bank Holds Fourth Exchange Auction

The National Bank of Ethiopia(NBE) sold one dollar for 131.4961 birr in its recent auction. It was reported that 26 banks participated in this auction, which took place last week on Thursday. In a statement issued by the National Bank  following the auction, it was indicated that 70 million dollars was offered for the event. Subsequently, it was reported that 96 pc of the foreign exchange needs of the participating banks were met. In the previous auction, held 15 days ago, the bank had of...


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City Registers 64,075 Births in Fiscal Year

The city has exceeded its birth registration target for the first nine months of the fiscal year, registering 64,075 children—71.15pc more than the set goal of 58,342. This success, with a registration coverage rate of 109.63pc, is largely attributed to the efficiency of the one-centre birth registration service system, which has been rolled out across health centres and courts. The total number of vital events registered, including births, adoptions, marriages, divorces, and deaths, reache...