2merkato

Ethiopia’s Ministry of Trade made price adjustments on the retail price for petroleum products. The Ministry made the adjustment following the fall in the global oil prices.

Ministry of Industry (MoI) withdrew incentive packages and privileges it gives to foreign companies that operate in Ethiopia. The move came for the companies are selling their products to the local market while they were supposed to export them.

During the first six months of the current fiscal year Ethiopia’s notary office, Documents Authentication and Registration Office (DARO) managed to raise 107.9 Million Birr from stamp duty sales.

Ethiopia’s Federal Court passed a judgment which gives Ministry of Trade (MoT) the authority to form a caretaker board.

Additional nine trains are being assembled here in Ethiopia by Ethiopian professionals. This is disclosed by the Ethiopian Railway Corporation (ERC).

Ethiopia’s Federal Auditor General conducted a study which revealed 14 major hotels are making use of inappropriate cash register software that is not compatible with Ethiopian Revenue and Customs Authority’s (ERCA) server.

The railway which links Ethiopia’s capital with Djibouti is going to be open on early 2016, Head of Ethiopian Railways Corporation, Getachew Betru, disclosed.

Ethiopia’s Premier, Hailemariam Dessalegn, called on Chinese companies to take part in the building of industrial zones and parks in Ethiopia.

Agricultural and industrial products that Ethiopia exported to the international market via Adama in the past six months have generated a total of USD 161 Million. This was disclosed by the Adama Branch Revenue and Customs Office.

New private equity firm opened in Ethiopia, Ascent Capital, is set to finance local businesses including newly established businesses. It is the second equity firm in Ethiopia, following SGI.