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Jul 25 , 2020

Central Bank Introduces Deposit Protection Fund

The federal government is set to establish an agency that will amass funds to be used as insurance payouts for depositors in times of financial crisis. Drafted by the National Bank of Ethiopia (NBE...

Jul 25 , 2020

Commission Obliges Import-Export Permit Issuance via E-Service

The new procedure that obliges traders in the import-export business to secure permits via the celebrated Ethiopian Electronic Single Window Service (eSW) is now fully operational. The portal, whic...

Jul 25 , 2020

Bole Lemi Industrial Park Sees Increases in COVID-19 Cases

Bole Lemi Industrial Park, the first park developed by the Industrial Parks Development Corporation, has seen a spike in confirmed Novel Coronavirus (COVID-19) cases last week. The Park, which has...

Jul 25 , 2020

Five Companies Vie to Supply Retendered Wheat

Five companies are vying to supply four million quintals of wheat that was retendered after the contract awarded to two companies two months ago was terminated due to price variations. Four interna...

Jul 25 , 2020

Bill Operationalises Long-awaited Warehouse Receipt System

A bill proposes the formation of a regulatory body that will oversee the implementation of a warehouse receipt system that facilitates credit for farmers depositing storable goods in exchange for...

Jul 25 , 2020

Teff Disruption Pushes Tigray State Switch to Sorghum

Due to the supply disruption and price hike of teff, Tigray Regional State is considering increasing the production and consumption of sorghum in the Regional State. The Regional State's Agricultur...

Jul 25 , 2020

Poultry Industry Incurs 123m Br in Losses

Fourteen poultry farms under the wing of the Ethiopian Poultry Producers & Processors Association declared over 123 million Br in losses due to the changing economic and market conditions brought...

Jul 25 , 2020

Chinese Firm Secures Delayed Road Project

The long-delayed Neqemte-Bure road project was awarded to a Chinese company after the contract was terminated from IITNL-Elsamex Neqemte-Bure JV - a joint venture of IL & FS Transportation Network...

Jul 25 , 2020

Agency to Establish Landholding Adjudication Advisory Body

If approved by the parliament, an advisory body will be formed at all levels of government to oversee the urban landholding adjudication and registration process. Drafted by the Federal Urban Real...

Jul 18 , 2020

BITTER COFFEE

The last fiscal year was not a bad year for coffee. Registering a 12pc growth in earnings to fetch the country 854.2 million dollars, it managed to be one of the few markets that have survived the eco...

Jul 18 , 2020

Bank Directors Push for Dam Bond with Depositors Guarantee

Leaders of the Association of Ethiopian Bank Directors are pushing for the idea of jointly financing the ongoing construction of Ethiopia's signature mega dam project. They have petitioned the Nati...

Ministry Picks Deloitte for Ethio Telecom Privatisation

Despite its higher offer, Deloitte Consulting was selected to advise on the partial privatisation process of Ethio telecom, the nation's over-a-century-old telecom monopoly, scoring the highest aggreg...

Jul 18 , 2020

Institute Shifts Back Under Foreign Affairs Ministry

The newly assented and revised regulations for the Institute of Strategic Affairs has transferred accountability for the Institute back to the Ministry of Foreign Affairs. For the past two years, the...

Jul 18 , 2020

Council Approves Investment Bill that Ends Gov't Monopoly

In its latest session held last Friday, the Council of Ministers approved the investment regulation that follows a negative listing approach and effectively opens up various sectors for foreign invest...

Jul 18 , 2020

Hello Taxi, O'Clock Pair Up, Deliver Long-Awaited Taxis

Hello Taxi and O'Clock General Motors have distributed the first round of tourist taxis, which are equipped with language translating devices, to 36 members of taxi associations in the city.  The tax...

Jul 18 , 2020

Central Bank Operationalises Movable Assets Finance

The National Bank of Ethiopia (NBE) has drafted a directive that will operationalise a movable collateral registry system outlining the methods to identify the main types of movable properties, codify...


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