Belayab Motors, one of the car assembling firms in Ethiopia, launched KIA’s Rio and Picanto ‘Tiger Nose” models of sedan vehicles. The vehicles are assembled in Adama City, Oromia State.
Add a comment Add a commentGomeju Oil Ethiopia, a new entrant to the petroleum distribution, opened 2 gas stations in Tulu Dimtu and Bishoftu on May 7, 2017.
Add a comment Add a commentGift Real Estate handed more than 350 houses that are worth over 850 million Birr to their respective buyers. The houses all vary in type and they are built on a 90,229 square meters of land. The houses built are villas, townhouses, apartments and row houses.
Add a comment Add a commentMinistry of Trade (MoT) and Ministry of Mines, Petroleum and Natural Gas (MoMPNG) are undertaking a study together to adjust the profit margin for petroleum companies operating in Ethiopia. Currently the profit margin of a company engaged in fuel distribution is 8 cents per liter while fuel station owners make 7 cents.
The law makes Ethiopian Petroleum Supply Enterprise the sole importers and provider of benzene, diesel and kerosene in the Ethiopian market.
National Bank of Ethiopia (NBE) has approved Bunna International Bank’s presidential nominee, Tadesse Chinkel, after almost 6 months of back and forth between the central bank and bank’s board of directors (BoD). The approval was effective as of May 11, 2017.
