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Businesses in Ethiopia will no longer be required to present minimum capital statements in order to be registered, if a proclamation to amend the Commercial Registration and Business Licensing Proclamation is approved by the federal legislature, House of Peoples Representative (HPR).

The England based consumer products manufacturer, Unilever, has opened its factory in Ethiopia. The factory is said to be located in Easter Industry Zone, Dukem.

Ethiopia’s capital, Addis Ababa, will receive its first bike taxi service by next month. Such was disclosed by the city’s transport coordination office.

Ministry of Trade (MoT) disclosed Ethiopia might reach a record high volume of annual coffee export by the end of the current fiscal year. During the past 11 month Ethiopia exported 174,000 tons of coffee, which is 96 percent of the intended 180,000 tons.