Cornerstone for a wood products processing factory, which will be constructed at a cost of 1 billion Birr, was laid in Woldiya City, Amhara State. It is Abay Industrial Development Share Company is the owner of the factory.
The Council of Ministers approved a draft budget of Birr 801.6 billion for the 2023/2024 Ethiopian fiscal year.
Council of Ministers approves 223.3 billion Birr Ethiopia’s budget for the coming fiscal year and referred the draft bill to the House of Peoples’ Representatives (HPR) for ratification, the Capital reported.
The Council of Ministers endorsed the regulation which is drafted to revise the Establishment Regulation of the Ethiopian Railway Corporation. The draft regulation has increased the authorized capital and paid up capital of the Corporation to Birr 221 billion and Birr 120 billion, respectively.
The Council of Ministers endorsed and forwarded the draft Procurement and Asset Management and Mineral Resources Development Proclamations to the House of Peoples’ Representatives.
