Featured | Apr 26,2019
Apr 18 , 2024
The federal government announced the formation of a technical committee tasked with overseeing the engagement of foreign investors in the retail, wholesale, import, and export sectors. The authorities attributed the decision to a comprehensive yearlong study revealing a consistent underperformance in exports, with merchandise export revenues declining for two consecutive years. The latest report from the Ministry of Trade & Regional Integration (MoTRI) shows a 7.5pc year-on-year drop over the past nine months.
Hanna Arayaselassie, the recently appointed Commissioner of the Ethiopian Investment Commission (EIC), made the announcement today of forming the technical committee.
Speaking at the Commission's headquarters on Africa Avenue (Bole Road), and flanked by State Minister for Trade & Regional Integration, Endalew Mekonen, Hanna detailed its mandate.
The new body will include officials from her Commission, the Ethiopian Customs Commission, MoTRI, the National Bank of Ethiopia, and the ministries of Revenues and Industry. The committee is charged with setting minimum export prices, conducting international market studies, and ensuring fair competition. It will report to the Ethiopian Investment Board, led by Prime Minister Abiy Ahmed (PhD).
Addressing potential regulatory changes, Commissioner Hanna hinted at a revision to the foreign currency retention procedures.
"It'll be maintained for now," she told Fortune, suggesting that adjustments might be considered after a careful assessment of the macroeconomic environment.
Commentaries | Jul 09,2022
Radar | Oct 23,2023
Editorial | Oct 28,2023
Radar | Dec 04,2021
Radar | Jan 07,2022
Photo Gallery | 97227 Views | May 06,2019
Photo Gallery | 89449 Views | Apr 26,2019
My Opinion | 67322 Views | Aug 14,2021
Commentaries | 65807 Views | Oct 02,2021
Apr 27 , 2024
The Prosperity Party (PP) - Prosperitians - is charting a course through treacherous...
Apr 20 , 2024
In a departure from its traditionally opaque practices, the National Bank of Ethiopia...
Apr 13 , 2024
In the hushed corridors of the legislative house on Lorenzo Te'azaz Road (Arat Kilo)...
Apr 6 , 2024
In a rather unsettling turn of events, the state-owned Commercial Bank of Ethiopia (C...