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ESLSE refloats bid for its cold chain logistics
The state multimodal monopoly, Ethiopian Shipping and Logistics Services Enterprise (ESLSE), refloats the procurement of its first set of refrigerated (reefer) containers.
The logistics giant...
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New program launches to power agriculture through solar
By Muluken Yewondwossen
A solar appliance manufacturing program has been launched to accelerate an energy source for irrigation based agricultural development and household services.
The program...
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Electricity tariffs must double to sustain profits: EEU
The Ethiopian Electric Utility (EEU) emphasizes that the electric tariff should be twice or more than twice the current tariff for the EEU to...
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NBE anchors stance on hard currency surrender
The National Bank of Ethiopia (NBE) emphasizes that it will never revise the 70 percent hard currency surrender directive unless the global situation and...
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New commercial code stirs delay between banks, foreclosure
Bankers express concern over the new commercial code citing that it will present challenges when foreclosure arises.
On the latest meeting with the regulatory body,...
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New proclamation to pave way for foreign fintechs
Foreign fintechs are soon to be allowed entry following the newly tabled proclamation which revises a decade old national payment system proclamation.
During the latest...
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Worku Aytenew buys Kuriftu-Bahir Dar
Kuriftu Resort and Spa-Lake Tana in Bahir Dar gets a new owner as Tadiwos Belete transfers ownership to Worku Aytenew.
Inaugurated in 2014, the 4...
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Steel, rebar importers bend law to evade tax
Sector actors in the steel industry claim that finished products are flowing into the country disguised as raw materials taking advantage of the duty...
