The Ethiopian Chamber of Commerce and Sectoral Associations (ECC) is gearing up for its 10th General Assembly on July 18th, 2024. ECC announced key agenda items for the conference. A major highlight will be the endorsement of Chambers of Commerce from four newly formed regions. The division of the Southern Nations region created independent Trade and …
Ethiopian Chamber of Commerce to Expand at Tenth General Assembly Read More »
House of Peoples’ Representatives passed a new Value Added Tax (VAT) Proclamation during its 36th regular session. Ato Desalegn Wedaje, Chair of the Standing Committee on Planning, Budget, and Finance, presented the proclamation alongside a report outlining its potential benefits. The report emphasized the proclamation’s role in promoting savings and investment. VAT will apply to the …
In a recent announcement, Minister of Tourism Nasise Chali revealed that the existing hotel star ratings would be retired by September 2024. This move comes in response to Regulation No. 173/2010, which mandates hotels to undergo re-classification every three years. The Ministry has already begun preparations for the reassessment process, encompassing hotels in Addis Ababa …
Ethiopia: Ministry Says New Hotel Star Rating System Will be in Place Read More »
A significant breakthrough has been achieved as Ethio Engineering Group and Italian steel firm Danieli Co., Ltd. have signed an agreement to revive the stalled Nekemte Steel Processing project. The agreement was signed by Ambassador Suleiman Dedefo, Chief Executive Officer of Ethio Engineering Group, and Danillo Drolini, President of the Africa Partnership Project at Danieli …
Ethiopia’s Ministry of Agriculture announced a plan to produce 375,000 tons of honey during the 2024/25 fiscal year through its ongoing ‘Bounty of the Basket’ (Yelemat Tirufat) development initiative. the ‘Bounty of the Basket’ is a national agricultural development program being implemented across the country to improve dairy, poultry, egg, honey, fish, and meat production. …
Ethiopia Aims to Boost Honey Production to 375,000 Tons Read More »
The United Nations launched a new global road safety campaign to improve traffic safety and create inclusive, safe, and sustainable streets. Starting in New York, the campaign will run through 2025, reaching approximately 1,000 cities in more than 80 countries through billboards, social media, and other platforms. Under the motto MakeASafetyStatement, the campaign will also …
UN Launches Global Campaign to Enhance Road Safety Read More »
The Ministry of Transport and Logistics (MoTL) announced an increase in the use of locally staffed container packing for the nation’s export cargo. This strategic initiative has resulted in cost savings despite encountering challenges due to a shortage of containers. In the first nine months of the current fiscal year, over 22,400 Twenty-Foot Equivalent Units …
Ethiopia Shows Improvement in Local Container Packing for Exports Read More »
The Ministry of Transport and Logistics is teaming up with Ethio Auto Tech Trading to host an automotive fair for three days starting on July 3, 2024. This event will showcase advancements in transportation, logistics, and the automotive industry, while also serving as a platform to attract investment in Ethiopia’s growing transport sector. The event …
The Chemical Industry Corporation (CIC) announced a revenue of Birr 5 billion from its industrial chemical input products over the past eleven months. Its revenue grew by 28.9% compared to the previous year’s figures. CIC is a major player in the chemical industry, managing key facilities such as the Muger Cement Factory, Adami Tulu Pesticide …
Chemical Industry Corporation Reports Strong Revenue Growth Read More »
The Ethiopian Ministry of Trade and Regional Integration (MoTRI) in collaboration with the Policy Studies Institute (PSI) with support from the United Nations Economic Commission for Africa (ECA) organized a National Forum for the development of the National African Continental Free Trade Area (AfCFTA) Implementation Strategy. The event gathered over 70 participants from various sectors, …
Stakeholders Join Forces To Advance Ethiopia’s AfCFTA Implementation Strategy Read More »