Ethiopia and Japan signed grant agreements amounting to 1.5 billion Ethiopian Birr Monday, June 10, 2013, in Addis Ababa.
Ethiopia's Finance and Economic Development State Minister Ahmed Shide and Japanese Ambassador to Ethiopia, Hiroyuki Kishino signed the agreement. Add a comment Add a commentThe Turkish State Railways (TCDD) has agreed to assist Ethiopia in technology transfer, restructuring its railways system and to give training to its personnel.
Ethiopia has asked for assistance from TCDD via the Turkish Cooperation and Development Agency (TIKA) in order to reactivate its railways between the capital Addis Ababa and Djibouti, which has been stopped since 1997.
Add a comment Add a commentThe Ethiopian Ministry of Trade is to entrust its trade name registrations and licensing services to sub cities in Addis Ababa and regional states.
Previously businesses are required to approach the headquarters of the Ministry of Trade to get their trade names registered and obtain business license.
Add a comment Add a commentThe Ethiopian Ministry of Urban Development and Construction had finalized a draft directive to make changes on the fixed rate pricing system currently applicable to all contractors working on government projects.
The directive will shorten the revision period of prices of construction materials and labor to three to six months, unlike the current practice where adjustments takes between nine month to a year and half. Add a comment Add a commentThe International Monetary Fund advised the Ethiopian government to to make more credit available to private businesses to boost employment and build on its economic gains.
While the country's government-led development model has improved lives and expanded the economy, public enterprises that are involved in building more houses, dams and factories are draining banks of loans, Ethiopia Representative Jan Mikkelsen told reporters in Addis Ababa.
