Friday, April 19, 2024
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News

EthSwitch concludes financial year on a high

By our staff reporter EthSwitch, the National Switch of Ethiopia, announces a 172 percentage increase in performance in its 10th Annual Shareholders Meeting held on...

Freight forwarders left confused in Djibouti

By Muluken Yewondwossen Despite the Ethiopian Customs Commission (ECC) intervening in the cargo delay that took place in Djibouti at the end of last month,...

Logisticians, Industrialists await parliament’s verdict on maiden trade zone

The Industrial Parks Development Corporation (IPDC) projects that the new under-ratification proclamation will increase the pipeline of commerce and logistics activities in the now...

United Insurance transcends the billion birr mark in premiums

By our staff reporter The United Insurance Company (UNIC), one of the first insurers to enter the market when the private sector was allowed to...

Edible oil producers’ plea for foreign currency backing

By our staff reporter The edible oil producers association reveals that, despite its members' claims of having sufficient capacity to meet local demand at a...

Gov’t addresses metal sector’s plight

By Muluken Yewondwossen The Ministry of Industry (MoI) admits to being aware of the difficulties that the local metal sector has had to endure at...

Illicit rebar import paralyses local economy

By Muluken Yewondwossen Industry analysts alert that unlawful import activities are costing the nation billions of birr in customs duties. Stakeholders on their end back...

Foreign currency depositors to be compensated in birr Negotiations ongoing to establish a repo agreement

By Muluken Yewondwossen The recently set up fund, the Ethiopian Deposit Insurance Fund (EDIF), which ensures the safety, soundness, and stability of the Ethiopian financial...