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

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...