Addis Ababa City Administration gave plots of land to 7500 street vendors with a view to integrating informal businesspeople operating on the streets to the main stream small-scale legal businesses.Add a comment Add a comment
The Ministry of Revenues announced that a legal framework which regulates the import export trade between Ethiopia and Eritrea was being prepared. The ministry stated restrictions were imposed on fuel and other commodities sent to Eritrea. According to Revenues Minister Adanech Abebe, the legal framework will also include a tax system.Add a comment Add a comment
The World Bank approved USD 1.2 billion in grants and loans to Ethiopia. According to a statement posted on the bank’s website, the funds, a USD 600 million grant and a USD 600 million loan, will be used to assist reforms in the financial sector including improving the investment climate.Add a comment Add a comment
An industrial park is going to be constructed by Turkish investors in southern Tigray zone Ade Gudem town, Hintalo woreda , at a cost of €750 million. The park will be constructed on 500 hectares of land.
Construction of the park will begin in March and is expected to be finalized within two years time.Add a comment Add a comment
Sani Redi, Ethiopian Commodities Exchange’s (ECX) former board chairperson, is replaced by Yinager Dessie (PhD), governor of the National Bank of Ethiopia (NBE). ECX’s board of directors, which was formed recently, has a total of 11 members, of whom six are from government offices while the remaining five members represent the private sector.Add a comment Add a comment
Haile Hotels & Resorts is to complete refurbishing Landmark Hotel and open its sixth resort in Gondar. The company spent Birr 15 million to renovate Landmark Hotel which is located at the bottom of the hillside of Genet Terara, the gateway to Asmera. Landmark sits on a 2,116sqm plot.Add a comment Add a comment
The Ministry of foreign affairs stated that a symposium aimed at increasing trade and investment ties between Ethiopia and China was opened in Addis Ababa yesterday. Ato Anteneh Alemu, Deputy Commissioner of Ethiopian Investment Commission (EIC), said Ethiopia wanted more Chinese companies to invest in priority sectors adding that the Chinese investors would be provided with all the necessary support from the Ethiopian government.Add a comment Add a comment