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Aug 29 , 2020

ELASTIC LOAD

A blue taxi cab is carrying a load much larger than its size in Bole. Part of the load is covering at least a third of the windshield. Indeed, in Addis Abeba, such sightings are not abnormal given lax...

Aug 29 , 2020

ATTENTION FOR VEGETABLES

It is not uncommon for vegetable and fruit sellers to pop up in areas where there are long queues for public transport. They usually display their merchandise in pickup trucks for maximum visibility a...

Aug 29 , 2020

HANDY DISPLAY

This spare part, hand tool and wire store near Gofa Condominium is attempting to be as colourful as possible in the display of its merchandise. Every time the shop closes at the end of the day, each g...

Aug 29 , 2020

Ethiopian Electric Utility Amasses 11b Br

Ethiopian Electric Utilities (EEU), a government agency in charge of power distribution, has generated 11.1 billion Br in revenues during the past fiscal year from energy bills. The agency was able...

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...


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