Property Disposal Generates 1.8m Br

Mar 28 , 2020


[ssba-buttons]

The Public Procurement & Property Disposal Service has generated 1.8 million Br in revenue from the disposal of plastics and scrap metal. The plastics and scrap metal were disposed of from the Ministry of Innovation & Technology and Dilla University. The Service disposed of 58,000 Kg of scrap metal and 65,000 Kg of plastic. For the disposal of the metals and plastics, the Service announced a tender on January 6, 2020. Even though 54 bidders purchased the tender document, only five of them submitted bids. The four highest bidders were awarded the contract on February 21, 2020. The companies offered 1.5 million Br for the scrap and 260,000 Br for the plastic. The Service has procured items worth 14.7 billion Br in the last fiscal year.


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...


Radar

Export Recovery Gains Ground, Industry Still Lags Potential

The Ministry of Industry (MoI) has reported a modest rebound in Ethiopia's manufacturing exports, with revenues climbing eight percent in the 2025 fiscal year to reach 318 million dollars. Minister Melaku Alebel attributed the growth to a gradual sectoral recovery but acknowledged the figures remain well below the country's industrial potential. Speaking at a forum held with 60 top-performing manufacturers, Melaku said the ministry is working to unlock bottlenecks and improve coordination. Th...