Fuel Tariffs to Remain Consistent in November

Nov 9 , 2019


The Ministry of Trade & Industry will not revise fuel prices except for jet fuel this month. Jet fuel will see a decrease in its price by almost two Birr to 24.87 Br a litre. The Ministry evaluates the prices of fuel every month for the nation, which consumes over 5.2 billion litres of fuel every year. The government pays a quarter of a billion dollars for fuel every month. The Ethiopian Petroleum Supply Enterprise is the only supplier of fuel in the country, distributing petroleum to 26 oil companies that operated around 800 fuel stations. One hundred twenty of these fuel stations are located in Addis Abeba. The Enterprise supplies benzene, jet fuel, gasoline, kerosene and light and heavy black naphtha.


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Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


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AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


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Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...


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