Ministry Seizes Millions in Goods


[ssba-buttons]

The Ministry of Revenues seized containers filled with clothes, medicine, electronics and motorbikes valued at 15 million Br destined to be smuggled into the country. Additionally, the Ministry found over 11,000 illegal drugs, amounting to 4.8 million Br. The Ministry also seized other products estimated at 10 million Br that were being imported using diplomatic pouches. The materials include vehicle parts and security cameras that were ordered by the embassy in the capital using diplomatic privileges. “The Ministry is increasing border security steadily and strict supervision is in place,” says Ephrem Mekonnen, Education and communication director of the Ministry. The Ministry was also able to uncover 8.9 million Br in merchandise in the border town of Moyale that were intended to be smuggled. These items were clothing, medicine, electronic goods and 35 motorbikes. “As we are getting more leads from the public, we are now able to seize more illegal trading,” Ephrem said.


Radar

Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material costs. Speaking at the opening of the BIG 5 Construct Ethiopia expo and the inaugural East African Infrastructure & Water Expo at Millennium Hall last week, Chaltu stressed the need for concerted efforts from government, private sector, and international partners to support the 67 billion dol...


Radar

Wegagen Bank, Gift Real Estate Partner to Promote Diaspora Homeownership

Wegagen Bank S.C. and Gift Real Estate Plc. signed a Memorandum of Understanding (MoU) on June 23, to offer housing loans for homebuyers, with a special focus on the Ethiopian diaspora. The agreement enables eligible diaspora members to access loans covering up to 80pc of a home's value at reasonable interest rates. The bank's Deputy CEO Kidane Gebreselassie noted the deal will promote the real estate sector and expand homeownership options. Founder and CEO of Gift Real Estate, Gebreyesus Igata...


Radar

Jimma University Signs Sports Science Agreement to Strengthen National Programmes

Jimma University has signed a four-party Memorandum of Understanding (MoU) with the Ethiopian Academy of Sciences, Derartu Tulu Sports Training & Research Institute, and the Oromia Youth & Sport Bureau to advance Ethiopia's sports science and training capacity. Signed on June 26, the agreement includes joint research, shared facilities, and hosting of national and international competitions. It is expected to strengthen youth development, public health, and national pride through coor...