Trade Ministry Shuts Businesses Down

Apr 25 , 2020


The Ministry of Trade & Industry has taken action against 25,068 businesses that have been allegedly selling goods and services at inflated prices during the Novel Coronavirus (COVID-19) pandemic. With the action, the Ministry closed 13,350 businesses and suspended and revoked the licenses of 404 and 890 business, respectively. The Ministry has also issued warnings to 10,000 businesses and has arrested 424 individuals. The Ministry is also working on availing different sanitary products like ethanol, sanitiser and soap and increasing the manufacturing capacity of the 43 soap and detergent factories in the country. To support the manufacturing sector, the Ministry is facilitating the provision of forex to select industries and is currently working to provide 100 million dollars to firms producing soap and detergent. The Ministry has been supplying 650,000ql of wheat, 615,000ql of sugar, 40 million litres of oil, and 399 million litres of fuel a month to combat shortages in the country.


Radar

Dashen Bank Rolls Out Mobile Payment Solution

Dashen Bank has introduced a new digital payment service that allows customers to pay for fuel with ease using the Dashen Super mobile app. The service was officially launched on May 13 and is now available at every fuel stations. According to the bank, the Dashen Super app enables users to make payments in just three clicks, offering a fast and convenient alternative to traditional payment methods. Dashen Bank announced that it plans to expand the service across all fuel stations in the coun...


Radar

Four Key Agreements Passed in Parliaments 29th Regular Session

In its 29th regular session of the fourth year, Ethiopia's 6th Parliament approved four key agreements: two loan deals, the establishment of a finance corporation, and an air transport agreement. Assistant Minister of State for Finance, Meseret Haile, introduced the proposed loan agreements and requested they be sent directly to a second reading for discussion and approval. Parliament accepted the request and proceeded with a detailed discussion on the draft proclamations. Members of Parli...


Radar

New Pact Targets Rural Road Links, Food Security Goals

The Ministry of Urban Development and Infrastructure has signed an agreement with several federal institutions to launch a major project targeting rural connectivity and food security. At the signing ceremony, State Minister Yetmegeta Asrat represented the Ministry alongside officials from the Federal Ethics and Anti-Corruption Commission, the Federal Public Procurement and Property Authority, the Environmental Protection Authority, and Helvetas Ethiopia. A separate agreement was also signed...