National Oil Ethiopia (NOC) disclosed it plans to build refinery in a decade in order to meet the growing demand for refined products in the region whose economy is growing fast. The refinery is expected to cost 5 billion USD.
National Oil Company (NOC) unveiled its plan to distribute petroleum products soon in Djibouti, Ethiopian News Agency reported.
Ethiopian Revenues and Customs Authority (ERCA) decided to increase the amount of non taxable transportation allowance and per diem. The Authority backed its decision claiming the cost of living has risen than it used to be.
Ethiopia’s largest Fast Moving Consumer Goods (FMCG) platform, SAMANU, will receive a USD 21 million growth capital investment from Norfund, the Norwegian Investment Fund for Developing Countries, and a consortium of private investors managed by 54 Capital.
The Norwegian Investment Fund for Developing Countries (Norfund) has made a USD 7.4 million investment in Verde Beef Processing PLC, an Ethiopian beef producer.
