The Ethiopian Petroleum and Energy Authority (EPEA) announced that a petroleum control bill aimed at regulating and overseeing the operations of oil marketing and distribution was being drafted. The bill serves to establish a structured operating system and enable legal and administrative actions against any illicit activities discovered.
Ethiopia's Coffee and Tea Authority is pioneering an initiative to elevate the spice industry by drafting a proclamation aimed at boosting its growth. Recognizing the sector's potential for generating significant foreign currency and fostering socioeconomic development, the government is stepping in to monitor and support spice development and marketing.
Ethiopian Capital Market Authority (ECMA) announced that it was finalizing preparations to launch the Ethiopian Capital Market. The Authority has already issued 8 draft regulations and directives on the capital market for public consultation. It is also drafting other directives which will be enacted in the near future.
In the aim of increasing Ethiopia’s benefit from tea and coffee, Ethiopian Coffee and Tea Development and Marketing Authority is re-established. The re-establishment took place following the promulgation of a proclamation in December.
Ethiopian Energy Authority unveiled that it has formulated a framework helpful for reducing energy wastage in Ethiopia, Ethiopian News Agency reported.
