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Aug 29 , 2020

Gov't Avails $85m for Cement Factories

The government has availed 85 million dollars in foreign currencies for cement manufacturers, which have been challenged by the forex crunch, to import spare parts. Melaku Alebel, minister of Trade...

Aug 29 , 2020

AfDB Approves $10b for COVID-19 Fight

The African Development Bank Group (AfDB), which re-elected Akinwumi A. Adesina (PhD) as president, has approved a 10-billion-dollar facility to support African countries in addressing the Novel Coron...

Aug 29 , 2020

Finance Ministry Hits 80pc of Grant, Loan Target

Ethiopia received 107 billion Br in grants and loans from multilateral and bilateral financial sources in the last fiscal year, accounting for 81.3pc of the target. The Ministry secured 37.4 billio...

Aug 29 , 2020

China Proffers Third Medical Supply

China completed the third round of its personal protective equipment (PPE) donation to Ethiopia, supporting its efforts to contain the spread of the Novel Coronavirus (COVID-19). The supplies consi...

Aug 29 , 2020

ECX Introduces Coffee Sample Display

The Ethiopian Commodity Exchange (ECX) has set up a sample display section, which will display export standard coffee, at its warehouse starting from August 29, 2020. It is hoped that the coffee sa...

Aug 29 , 2020

Document Registration Agency Bags 522m Br

The Document Authentication Registration Agency (DARA) generated 522 million Br in revenues during the last fiscal year. The revenues were generated through the Agency servicing 826,629 documents....

Aug 29 , 2020

Ministry Reinstates 12,000 Jobs

The Ministry of Labor & Social Affairs has reinstated over 12,000 people who lost their jobs after the onset of the Novel Coronavirus (COVID-19) pandemic. It reinstated their jobs after conduct...

Aug 22 , 2020

Canada Commits 191m Br to Promote Women’s Education

Cuso International, a nonprofit organisation based in Canada, has launched a five-year project worth 191.7 million Br in the Benishangul-Gumuz Regional State to promote women's education. Dubbed U...

Aug 22 , 2020

Central Bank Allows Microfinance Institutions to Evolve into Banks

The National Bank of Ethiopia (NBE), in a directive issued last week, has allowed microfinance institutions to upgrade into full-fledged banks. The directive lays out the criteria for which microfi...

Aug 22 , 2020

India Endows Ethiopia with Medical Aid

The government of India has donated 100,000 hydroxychloroquine tablets, lifesaving antibiotics and other essential drugs to the Ministry of Health. The ceremony, which was held at the premises of t...

Aug 22 , 2020

Council Approves Amended Excise Tax Law

The Council of Ministers in a session held yesterday, August 22, 2020, approved the amended excise tax law. The bill enables businesses to import and manufacture products that are subjected to excise...

Aug 22 , 2020

Electric Utility Receives 4m Br Through Litigation

Ethiopian Electric Utilities (EEU) obtained close to four million Birr through court cases against accounts with unsettled bills, infrastructure theft and damage in the just ended fiscal year. The...

Aug 22 , 2020

UNDP Backs Public Offices with PPE, ICT Equipment

The United Nations Development Fund (UNDP) has provided personal protective equipment (PPE) and information communication technology (ICT) tools worth 930,000 dollars to 34 federal and regional entiti...

Aug 22 , 2020

City Chamber Provides Food for People In Need

The Addis Abeba Chamber of Commerce & Sectoral Association has provided support to 150 vulnerable people whose lives have been affected by the Novel Coronavirus (COVID-19). The Chamber, which h...

Aug 22 , 2020

Ministry Issues Two Extraction Licenses

The Ministry of Mines & Petroleum has issued two mining licenses for companies that will produce basalt and marble with a total investment of 270 million Br. It also issued 10 licenses for the...

Aug 22 , 2020

TRANSPORT STRATEGY

Dagmawit Moges (left), minister of Transport, greets Kelemwork Tessema, president of the Addis Abeba Women Entrepreneurs Association, in typical social distancing style during a meeting held to discus...


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