Trade Officials Proscribe Modjo Cement Factory

Jun 25 , 2022


Officials of the Ministry of Trade & Regional Integration have prohibited a Chinese-owned cement factory from selling its products in the market. A letter dispatched to regional trade bureaus last week states the cement produced by Huang Shan Cement Plc does not meet standards and poses "a threat to public safety and the economy." The letter compels the company to recall all of its products from the market at its own cost. The company began production at its plant in Modjo town, 75Km south of Addis Abeba, in late 2010. It is one of 14 cement factories in the country. The Ministry's decision comes as cement prices continue to surge. Retailers in the capital's Megenagna area, a hub for cement retail, were selling a quintal for 1,200 Br last week.


Radar

Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


Radar

AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Radar

Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...


Back
WhatsApp
Telegram
Email