The Ethiopian Petroleum Supply Enterprise (EPSE) will begin collecting a new fuel tax next month as part of the government’s ongoing fiscal reforms. The measure introduces a combined 30 percent levy on petroleum products, consisting of a 15 percent value-added tax and a 15 percent excise duty.
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The Ethiopian Mineral Corporation (EMC) and Sunbird Bioenergy Africa have signed a Memorandum of Understanding (MoU) to advance Ethiopia’s renewable energy and biofuel production, marking a significant milestone in the country’s green economic transformation.
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Prime Minister Abiy Ahmed (PhD) announced that civil works on the Koisha Power Generation Project have reached 70 percent completion, marking a major milestone for one of Ethiopia’s flagship energy initiatives.
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Gold prices soared past USD 4,000 per ounce for the first time on Wednesday, extending a record-breaking rally fueled by geopolitical tensions, expectations of U.S. interest rate cuts, and growing investor demand for safe-haven assets.
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Prime Minister Abiy Ahmed today inaugurated the first phase of the Ogaden Liquified Natural Gas (LNG) Project in Calub, Somali Region of Ethiopia. The facility, with an annual production capacity of 111 million liters, marks a milestone in Ethiopia’s drive to harness its natural gas reserves for national development.
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