The Institute of Ethiopian Standards (IES) has implemented a new system that allows manufacturers to purchase essential standards electronically. This shift from a physical to an online platform streamlines access to standards, potentially expediting the production process for Ethiopian manufacturers. Previously, manufacturers were required to visit the IES in person to acquire these standards, a …
The Ethiopian government has finalized a study on electricity tariff reform, submitted to the Petroleum and Energy Authority. This initiative aims to recover electricity provision costs due to the declining global purchasing power of the dollar. Ethiopia’s electricity sector, heavily reliant on foreign exchange for expansion, faces challenges due to the national debt and minimal …
Ethiopia Considers Electricity Tariff Reform to Address Financial Strain Read More »
Ethiopia Commodity Exchange (ECX) announced a trading volume reaching Birr 23.6 billion for the current fiscal year. This figure signifies a year-over-year increase, driven by strong performances in coffee and oilseeds. Coffee trade saw an 18% rise, while oilseeds experienced a remarkable 45% increase. Overall, the market witnessed a 30% growth compared to the previous …
Ethiopia Commodity Exchange Reports Strong Performance and Expansion Plans Read More »
The Ethiopian Coffee and Tea Authority (ECTA) announced that May saw a significant surge in coffee exports, with over 43,481 tons shipped and a revenue of USD 209.54 million. This surpasses targets and represents the highest monthly volume and revenue in the past three years. In the first 11 months of the fiscal year, the …
Mr. Adem Farah, Vice President of the Prosperity Party and Head of the Democracy Building Center Coordinator Office with the rank of Deputy Prime Minister, stated that Ethiopia will continue to strengthen its long-standing relations and cooperation with China in all domains. The Ethiopian delegation headed by Mr. Adem Farah is currently participating in the …
PP Vice President Discusses With Head Of China’s CPC Int’l Department Read More »
Nekemte Gudina Tumsa Airport has begun flight services. High-level government officials including the Transport and Logistics Minister, Alemu Sime (PhD), and CEO of the Ethiopian Airlines Mesfin Tassew have attended the inaugural ceremony. Deputy Chief Administrator of the Oromia Regional State, Awolu Abdi in tandem with other federal and regional officials was also in attendance …
Nekemte Airport Begins Flight Service In Attendance Of High Officials Read More »
Ethiopian Airlines announced on Friday that it has forged a strategic partnership with the Pan African Postal Union (PAPU) to elevate airmail transportation across the African continent. The partnership aims to give the best connection, facilitate transportation to all member countries, foster knowledge, and identify the best practices. It also ultimately seeks to contribute to …
Ethiopian, PAPU Join Forces To Elevate Airmail Transportation Across Africa Read More »
A survey involving the drilling of 19 wells in the Ogaden region confirmed the presence of 21.336 billion cubic meters of natural gas. This latest discovery adds to Ethiopia’s existing oil and natural gas deposits found in six locations across the country. Expressing confidence in a swift development process, State Minister of Mines Million Mathewos …
Ethiopia Announces Discovery of Natural Gas Reserves in Ogaden Region Read More »
The Council of Ministers has proposed a draft amendment to the National Bank of Ethiopia (NBE) to address limitations in the current legislation. The amendment aims to support development initiatives, promote national prosperity, and align with evolving international financial practices. The Council also reviewed a draft bill concerning the operation of banks. In light of …
The International Civil Aviation Organization (ICAO) confirms that Ethiopia’s airports are free from security threats. This announcement follows a rigorous security audit conducted by ICAO. During a press conference, Asrat Kejela, Director of the Civil Aviation Security Main Department, revealed audit details. ICAO experts assessed eight key elements and nine specific areas of aviation security, …
Ethiopia’s Airports Receive Security Clearance from ICAO Read More »