Ethiopia: NOC to Launch Petroleum Distribution in Djibouti
National Oil Company (NOC) unveiled its plan to distribute petroleum products soon in Djibouti, Ethiopian News Agency reported.
Ethiopia: Non Taxable Transportation Allowance and Per Diem Amount Raised
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: Norfund and a Consortium of Private Investors to Invest in SAMANU
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.
Ethiopia: NorFund Invested 7.4 Million USD in Verde Beef
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.
Ethiopia: North Holdings Investment Inc. to Build Cement Factory
North Holdings Investment Inc., U.S. based Ethiopian-American company is to build a cement factory with US$ 800 million investment near Dejen town, in Amhara Regional State, according to The Reporter.
