Ministry Keeps Fuel Retail Price Constant

Mar 9 , 2019


[ssba-buttons]

The Ministry of Trade & Industry has kept the retail price of all petroleum products at a constant level for March, except for aircraft fuel. The price of aircraft fuel increased by 10pc to 22.74 Br a litre. The prices of fuel for the rest were kept at the same levels to stabilise economic activity in the country. The government amended retail prices last November, raising gasoline to 19.69 Br a litre from 18.77 Br and Kerosene to 17.78 Br a litre from 16.35 Br. At a consumption rate of around 12.4 million litres a day, with gas oil taking the lion’s share, the nation spends billions of dollars in imports to meet the demand. Fuel is imported by the Ethiopian Petroleum Supply Enterprise, which distributes to 26 retailers that operate a total of over 800 fuel stations across the country.


Radar

Milkii App Disburses 25 Million Br in Collateral-Free Loans in Two Months

Oromia Bank's new collateral-free digital lending app, Milkii, has disbursed 25 million Br in loans without requiring collateral. Of this, 16 million Br has already been repaid, generating 1.4 million Br in revenue within just two months. Developed in partnership with Quantum Technology PLC, the app plans to make lending more accessible and inclusive, aligning with Oromia Bank's contribution to the Digital Ethiopia initiative. According to a press release, Milkii promotes financial inclusi...


Radar

Ethiopia Partners with UK to Ease Shipping Bottlenecks

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and the British International Freight Association (BIFA) signed a memorandum of understanding (MoU) on May 27, 2025, at Hilton Hotel Addis Abeba, to address skills gaps, customs delays, and corridor inefficiencies in the freight and logistics sector. The partnership focuses on technical cooperation, training, and regulatory reform. With over 90pc of trade dependent on the Djibouti corridor, rising congestion, customs...


Radar

Education Authority Sanctions Mishqen College for Rule Violations

The Education & Training Authority has issued a decisive directive last week, mandating legal action against Mishqen College for persistently defying regulatory orders and unlawfully continuing to offer higher education services. Mishqen College had previously been licensed to conduct undergraduate distance learning programs across multiple regions from 2019 to 2022. However, after serious regulatory breaches, the institution was ordered to cease all instruction, complete pending academic...