Ethiopian Railways Corporation (ERC) disclosed it will establish a new Corporation that will manage the under construction railway line that will connect Ethiopia’s capital with Djibouti, Addis Ababa – Mieso – Dewelle – Djibouti Railway line.
A new customs proclamation is promulgated and is in effect as of Wednesday December 24, 2014. The new bill has fully replaced the former customs bill, Proclamation Number 622/2009.
Ministry of Urban Development, Housing and Construction (MUDHC) disclosed it has three new designs for its 40/60 housing schemes. The Ministry made this move following the large demand for the housing scheme.
New milk and yogurt brand dubbed Selale Diary Cooperative Union (SDCU) has debuted to Ethiopia’s market after building a new factory at an outlay of 28 million Birr.
National Bank of Ethiopia (NBE) has passed a new rule for banks regarding approving of letters of credit (LC). The new directive dictates banks should use the given price of items when allocating hard currency. In other words, the LC amount should correspond to the actual price of the to be imported items.
