The Ethiopian government announced plans to commence the construction of a railway link between the Awash fuel depot and Djibouti's Horizon Terminal in the coming Ethiopian year (2017).
Ethiopia's Industry Minister, Melaku Alebel, highlighted the government's commitment to prioritizing local manufacturers through the new industrial policy. This focus is part of the Home-grown Economic Reform and the 10-year Perspective Development Plan, contributing to overall sector improvement.
Ethiopian Petroleum Supply Enterprise (EPSE) has submitted proposal allowing the government to join the fuel retail market, Fortune reported.
Four public enterprises, owned by the government of Ethiopia, are merged to establish a corporation dubbed Ethiopian Trading Business Corporation (ETBC). The corporation’s capital is said to be more than 3.8 billion Birr.
The Corporation is established in the aim of stabilizing local market, carry out integrated business activities, put in place accountability and to efficiently exploit the capacity of the enterprises.
The four state owned financial enterprises have earned a total of 6.28 billion Birr during the last six months of the fiscal year, Government Financial Enterprises Agency (GFEA) disclosed. The institutions attained 93.02 percent of their plan.
