Ethiopia: New Customs Proclamation Came to Effect
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.
Ethiopia: New Designs for 40/60 Houses
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.
Ethiopia: New Diary Product Joins Market
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.
Ethiopia: New Directive about Hard Currency Issued
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.
Ethiopia: New Directive Issued to Quantify Exports of Air Passengers
Ministry of Trade has put in place a new directive that regulates the loads of agricultural and manufactured products air passengers can carry in flight, according to Addis Ababa.
