Ethiopia to Raise the Upcoming Eurobond to USD 2 Billion
Ethiopia expects to increase its Eurobond up to USD 2 billion via a ten-year Eurobond by the end of this year, Elias Loha, senior National Bank advisor said on October 21, 2015.
Ethiopia to Ratify the Revised Overseas Employment Proclamation in Two Weeks
The House of People’s Representatives (HPR) is going to ratify the revised draft proclamation on overseas employment in two weeks time, Fana Broadcasting Corporate (FBC) reported.
Ethiopia to Reassess Star Ratings of 200 Hotels
The Ethiopian Ministry of Culture and Tourism said it plans to dispense another round of star ratings of 200 hotels, reassessing the ratings they already have, before the end of this Ethiopian fiscal year in July.
Ethiopia to Reduce Fuel Subsidy, Raise Oil Prices
Ethiopia's Ministry of Trade and Industry announced that it has decided to cut down fuel subsidy to 75 percent, subsequently slightly raising fuel prices so users cover the 25 percent. The Ministry has related that the Ethiopian government has spent 24.05 billion birr (over $608.5 million) for oil price subsidy in the last two years alone.
Ethiopia to Reform Trade System
The Ethiopian Ministry of Trade is to exert effort to reform the trade system in Ethiopia according to Siraj Ali State Minister speaking at a forum organized by the ministry.
The conference was organized by the Ministry of Trade to discuss draft proclamations known as ‘Technical Regulations’ and ‘Mandatory Standards.’
