Auctioned Ethiopian Commodity Exchange (ECX) seats have attracted a record high price of 2.8 million Birr for 1 seat. The auction was for 5 seats, 19th to 23rd, and the bid was opened on Wednesday, June 8, 2016 in Ethiopia.
Ethiopian Petroleum and Energy Authority (EPA) announced the development of a national e-mobility strategy aimed at accelerating the adoption of electric vehicles (EVs) in the country.
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.
