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ESC tables differed LC sugar import
The Ethiopian Sugar Corporation (ESC) invites interested sugar suppliers to offer their rates for the procurement of at least 200,000 metric tons of the...
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New avocado oil processing company to start operations in Jimma
A new avocado oil processing company is in the process of signing to start operations in Jimma Industrial Park seconding another Avocado oil, Biodiesel...
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Government announces a policy change on access to land for industrialists
Government in its new approach has planned to facilitate facilities in industrial parks rather than providing plots of land.
Prime Minister Abiy Ahmed said that...
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Ghosted Meta Abo employees rob factory
An unknown number of Meta Abo employees were arrested this week for allegedly stealing different equipment from the beer factory which is now acquired...
In Pictures
NBE issues risk-based internal audit directive
Experts opine it will streamline efficiency across the sector
National Bank of Ethiopia (NBE) issues a risk-based internal audit (RBIA) directive for insurers.
As per the...
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Festive month peaks inflation
According to the monthly inflation report from the Central Statistics Service, the April 2022 monthly inflation rate peaks at 36.6 percent showing an increase...
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NBE’s monetary policy pays dividends
The monetary policy action introduced by the National Bank of Ethiopia (NBE) early this fiscal year surges banks’ reserve by a fifth as of...
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Gov’t revisits regulations to magnetize foreign currency
The Ethiopian government is revising investment incentives regulation to attract more businesses including foreign direct investment (FDI) which the country desperately needs.
Facilitating plots of...
