Ethiopia is on the home stretch of joining Africa's free trade area, the African Continental Free Trade Area (AfCFTA), according to the Ministry of Trade and Regional Integration (MoTRI).
Dagmawit Moges, Ethiopia's Minister of Transport and Logistics, announced that Ethiopia is finalizing a new Road Safety and Insurance Fund Service Regulation. The regulation allocates at least 5 percent of road fund fee to Post-crash emergency medical services, she noted.
Ethiopian Prime Minister Abiy Ahmed announced that Ethiopia has finished distributing medical supplies obtained from the Jack Ma Foundation to prevent the spread of the coronavirus pandemic.Ethiopia is ranked as the top hydropower producer in Africa by the International Hydropower Association (IHA). Ethiopia is first with 3,822 MW installed capacity. South Africa and Egypt follow with 3595 MW and 2,844 MWs respectively while DR Congo is ranked fourth with 2,593 MW.
Ethiopia fixed the price of cotton at 29 birr to 32 birr a kilogram to allow cotton growers to dispose of accumulated stock estimated at 106,000 tons.
The price was fixed by a committee of cotton and textile industry players with government oversight. The committee met with Tadesse Haile, State Minister for Industry and included representatives of textile manufacturers, the Ethiopian Textile Development Institute and cotton growers.
