Ministry Issues Curfew for Gas Stations 

Nov 7 , 2020


[ssba-buttons]

The Ministry of Trade & Industry has announced a curfew for the service hours of gas stations across the country. The new time cap, which has been effective as of November 6, has specified the interval for filling at the stations from 6:00am to 8:00pm across the capital. Gas stations located in regional states are allowed to function between 6:00am and 7:00pm. This comes following a new scheme to control the circulation, dispersion and marketing of petroleum products, according to Wondimu Filate, communications director at the Ministry. The new curfew for gas stations has been set up in order to avoid artificial price increments and hoarding of petroleum products following the current situation of the country, according to him. There are close to 121 fuel stations in the capital city. The Ministry has also announced that opportunistic increases in the price of basic perishable commodities will be punishable by law. The implementation will be carried out by a task force that was set up to supervise hoarding and price hikes following the onset of the Novel Coronavirus (COVID-19) in the country.


Radar

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses, this past Saturday, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payme...


Radar

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...


Radar

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...