The Amhara State Industry and Urban Development Bureau announced it has managed to give license to some 833 projects with a combined capital of 9.9 Billion Birr during the current fiscal year. The license is given to projects that will undertake different investment projects.
Addis Ababa Trade Bureau nullified 11 gas stations’ trading permits that are accused for the current shortage of fuel in the capital of Ethiopia.
Micro and Small Enterprises (MSEs) Development Bureau of Addis Ababa anounced job creation plan for 235,000 people during the current Ethiopian Fiscal Year.
In a press conference held Thursday, October 24, 2013, Tilahun Worku said, the jobs will be created in manufacturing, construction, agriculture, trade and services sectors.
A business delegation from the Chinese Foshan City visited Ethiopia. The delegation discussed with Ethiopian businesses, government officials and officials from the Ethiopian Chamber of Commerce and Sectoral Association (ECCSA) at Hilton Hotel in Addis Ababa.
Legesse Geremew, Councillor at the Ethiopian Consulate at Guangzhou, said that the delegation came to Ethiopia after the consular office organized a tour to Foshan province last October.
Businesses received fines for unfair trade practices. According to the Ministry of Justice, a Chinese owned cables company named Huasheng Cables Manufacturing PLC was fined Birr 17.7 million for manufacturing substandard electrical cables and providing misleading information to consumers. On the other hand, an entity called Sehima Jemal Se’id was fined Birr 424,000 for importing and selling counterfeit beauty products.
