2merkato

Ethiopia banned the import of plastic bags, as part of the national green growth initiative, on Monday.

A bill to ban the import of plastic bags was approved by the Parliament according to the Ethiopian Environmental Protection Authority.

The ban will also include the manufacture of plastic bags within the country noted the authority.

Employees of the former Ethiopian Telecommunication Corporation have been called back by Ethio Telecom. Ethio Telecom is forming a new company ‘Hidasse’ Telecom Supportive Share Company’ which will offer employment to all laid off ETC employees at their previous salaries.

Former ETC employees who accept the employment with ‘Hidasse’ will not be considered as employees of Ethio Telecom.

The Ethiopian Shipping Lines Share Company announced plans to open Multi Modal Transport service to the private sector.

Multi Modal transport offers the transportation of goods through different means of shipping (eg rail and road) under a single contract. The carrier is held liable for the whole trip across the various means under this system.

The Multi Modal system will be in effect for goods passing through Port Djibouti which accounts for 98% of Ethiopia’s imports and exports.

BGI Ethiopia has acquired a 30% share in Raya Brewery worth 75 million birr. Raya Brewery has sold 217.5 million birr in shares so far according to Lemma Bekele, General Manager of the brewery.

Raya Brewery intends to sell 250 million birr in shares and has presented a request for a 482 million birr loan from the Commercial Bank of Ethiopia said Lemma.