Ministry Announces Tariff Cut for Export Commodities

Apr 25 , 2020

The Ministry of Transport has decreed new price reductions to support the export manufacturing industry and alleviate economic pressure caused by the Novel Coronavirus (COVID-19). The decision includes having the Ethio-Djibouti Railway provide free transport for industrial parks using it to export goods for a period of three to five months depending on the unfolding situation, effective May 1, 2020. Similarly, the Ethiopian Shipping & Logistics Services Enterprise will reduce port and transport fares at Modjo Dry Port for the manufacturing export industry for the duration of the state of emergency. All products from the Hawassa Industrial Park designated for the port will be given a 50pc reduction on transportation fees. Additionally, all dry port service fees will be reduced by 50pc. The Enterprise is also availing up to a 73pc reduction of the market price on all export items travelling from Djibouti to different parts of the world for all of its customers. For materials difficult to transport by railway, the Ethiopian Shipping & Logistics Services and transport companies will avail their services at a 50pc reduced rate.



Hamere Berhan' at the old post office prints books using ancient paper made from animal skin called 'Birana'.  It is part of the Ethiopian Orthodox Tewahdo Church which has had scribes for close to two millennia. The shortage of paper is evident with close to 10 companies operating in the paper conversion industry and a single paper mill in the country. Local players have seen their market share drop over the years and are looking to regain it. ...



A palm tree is moved to a new location for replanting around Meskel square. The global effort to battle man-made climate change has gained steam over the last few years. African countries have shifted gears in trying to unlock climate financing from the global north. With debt-to-GDP ratios averaging around 62pc continent-wide, many countries are utilizing the climate narrative to get debt structuring. This was one of the appeals of the Prime Minister of Ethiopia when he addressed the AU summit...



The area around Ambassador, famous for its souvenir shops, is getting demolished for real estate development. The Addis Abeba City Administration has ramped up efforts to remodel the city's architecture over the last few months. The capital was established by Emperor Menelik 137 years ago. He also introduced the first telephone, car, hotel, and hospital to the country. A construction project headed by the mega projects office to commemorate his victory over the Italians at Adwa is 70pc complete...