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Jan 11 , 2020

Cost of Living Ticks Down Slightly

Headline inflation, the indicator of the cost of living, reached 19.5pc last month, showing a slight fall from the previous month. In November the rate hit 20.8pc, the highest figure in five years...

Jan 11 , 2020

Vandalism Costs Ethio telecom 100m Br

In the first half of the current fiscal year, Ethio telecom incurred an estimated 100 million Br in losses due to damages caused by a total of 547 cases of vandalism to its infrastructure. The find...

Jan 11 , 2020

Sesame Overpowers Coffee Transactions

Sesame leapt above coffee transactions last month on the floor of the Ethiopia Commodity Exchange (ECX), which transacted a total of 101,948tn of agricultural commodities worth more than 5.1 billion B...

Jan 11 , 2020

Development Bank Approves 3b Br Loan

The Development Bank of Ethiopia (DBE) approved 3.1 billion Br in loans during the first five months of the current fiscal year. Out of the total, 58.8pc of it is for the manufacturing sector while...

Jan 11 , 2020

Enterprise Bags 192m Br in Half Year

The Ethiopian Toll Roads Enterprise generated 192 million Br in revenue during the first six months of this fiscal year. The Enterprise earned the income from the Addis Abeba-Adama Expressway and the...

Jan 11 , 2020

Ministry to Boost Power Supply by Four-Fold

The Ministry of Water, Irrigation & Energy launched a new road map that aims at boosting the country's power supply by four-fold from its current generating capacity. While having a capacity of...

Jan 11 , 2020

Ethiopia Secures $305m for Rural Funding

International Fund for Agricultural Development (IFAD) and the government of Ethiopia signed a 305.7-million-dollar agreement for the Rural Financial Intermediation Programme III. The agreement was...

Jan 11 , 2020

Ministry Lifts Tax on Semi-Processed Leather

The Ministry of Trade & Industry lifted the 50pc tax imposed on the export of pickled and white blue leather products as of January 6, 2020. State Minister for Trade & Industry Teka Gebreye...

Jan 5 , 2020

Agency Inaugurates Cold Chain Warehouse

Ethiopian Pharmaceutical Supply Agency inaugurated a cold chain warehouse with a capacity of 1,104.8 cubic metres of storage. The new cold room warehouse, which sits on a footprint of 3,000Sqm, was...

Jan 5 , 2020

Local Firm Bands Motorcyclists Together for Delivery Service

Balubet, a ride and delivery service company involving motorcycle businesses, launched a new service bringing together more than 700 motorists and owners under 13 different associations from various c...

Jan 5 , 2020

Ethiopian, Abay Join up for E-Payments

Abay Bank and Ethiopian Airlines Group have signed an agreement to expand air ticket payment options through the Airline's mobile application. The agreement enables customers to have the option of...

Jan 4 , 2020

Exports Generate $190.7m in November

The Ministry of Trade & Industry announced that exports generated a total of 190.7 million dollars in November, achieving 66pc of the target. In the reported period, the Ministry targeted the e...

Jan 4 , 2020

Ministry Announces No Price Change on Fuel

Fuel prices for this month will remain the same except for jet fuel, according to the Ministry of Trade & Industry. The tariff will remain effective for about one month from January 2020. The j...

Jan 4 , 2020

Institutions Join Hands for Service Efficiency

Sixteen public institutions and private organisations signed an agreement to launch a single-window electronics service provision to facilitate business activities. The Ministries of Revenues, Trad...

Jan 4 , 2020

Administration Bans Unlabeled Foods

The Ethiopian Food & Drug Administration has banned 27 food products under six categories for failing to have an explicit package. The banned food items failed to put labels on the products wit...

Jan 4 , 2020

City Inaugurates 16 Road Projects

The Addis Abeba City Roads Authority (AACRA) has inaugurated 16 road projects that cover 25Km with a lane width of 10m to 30m. The roads that pass through six districts are being built at a project...


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