Ethiopia: New Water Bottling Company Under Construction in Burayu Town
Kushilaa PLC is building a water packaging plant in Tatek Industrial Zone, Oromia Regional State of Burayu, according to Addis Fortune.
Ethiopia: New Year Exhibition Kicked Off
The “Habesha New Year Expo” organized by Habesha Weekly Promotion Kicked off last Sunday, August 22, 2015 at the Addis Ababa Exhibition Center, Capital reported.
Ethiopia: New Year Sees First Adjustments on Fuel Retail Prices
The Ministry of Trade and Regional Integration (MoTRI) announced on the evening of Friday, September 29, 2023, that it has made the first retail price adjustment of the new Ethiopian year.
The revised price of the different types of fuel/gas is as follows.
|
Fuel Type |
Previous Price, per liter |
Revised Price, per liter |
|
Gasoline |
Birr 74.85 |
Birr 77.65 |
|
White diesel |
Birr 76.34 |
Birr 79.75 |
|
Kerosene |
Birr 76.34 |
Birr 76.75 |
|
Airplane fuel |
Birr 68.58 |
Birr 70.83 |
|
Light black diesel |
Birr 62.22 |
Birr 62.36 |
|
Heavy black diesel |
Birr 61.07 |
Birr 61.83 |
Fuel price adjustments were made on August 29 this year. The Ministry cited the global surge in fuel prices as the main reason for the fuel price increment. The revision of retail selling prices for petroleum products is determined monthly based on the global oil market prices and occasionally remains unchanged.
Source: BBC Amharic and 2Merkato Archives
Ethiopia: Newly Appointed CEO of ESLSE Transferred to Head Corporation
The newly appointed CEO of Ethiopian Shipping and Logistics Service Enterprise (ESLLSE), Yacob Yalla, was shifted by Hailemariam Dessalegn, Prime Minster of Ethiopia, to be head of Ethiopian Horticulture Development Corporation.
Ethiopia: Nib Bank Reported 286.3M Birr Profit After Tax for FY 2012/13
Nib International Bank (NIB) reported 286.3 million birr profit after tax for fiscal year 2012/13, Fortune reported. NIB has also reported 147 birr of earning per share for the reported period.
