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Lengthy market chain behind doubling Cement price
Cement price doubled as traders charge twice the ceiling price set by the Ministry of Trade & Industry. A quintal of cement is now being traded between 530 and 550 birr in Addis Ababa, though the ceiling price for similar amount of the item is set at 290 birr.
Price of rebar soars by 50pc in just a month
Price of reinforcement bar exhibited a 50 percent upsurge within just a month due to foreign currency shortage induced supply shortage, The Reporter learnt.
Ethiopia plans to collect 3.4 Trillion Birr in tax revenues by 2030
Ethiopia’s government plans to increase its annual tax revenues by more than ten folds to 3.4 trillion birr by 2030, Planning and Development Commission announced.
Nation imports USD48 million worth of edible oil every month
The federal government spends USD48 million every month to import edible oil, underscoring the pressing need for import substitution, Ministry of Trade & Industry said.
Rights Commission calls for federal control of Metekel Zone
The Ethiopian Human Rights Commission (EHRC) called for the full control of federal security forces in Metekel Zone of the Benishangul-Gumuz region because the security situation is beyond the region’s capacity to control.
Industry inputs enterprise concludes HQ design work
The Ethiopia Industrial Inputs Development Enterprise (EIIDE), which was re-established after dissolving the former Merchandise Wholesale & Import Trade Enterprise (MEWIT), concluded the design work for the construction of headquarters within its premises located near the African Union Headquarters.
Equity increases balance sheet to USD 9.3 billion
Equity has become the first bank in Eastern and Central Africa to achieve a USD 9.3 billion balance sheet, after migrating Banque Commercial Du Congo (BCDC) to Equity’s core banking platform.
