bussines news

The purchase of fuel is going to be carried out fully through electronic payment system.

Addis Ababa 24/6/2015 (Naketemi) The Ministry of Trade and Continuous Relations and Ministers of Transport and Logistics have announced in a joint press release. Minister of commerce and continuous relations Mr. Gebremeskel Chala has stated that one of the many reforms the government has done after the change is oil reform. The government is forced …

The purchase of fuel is going to be carried out fully through electronic payment system. Read More »

Ethno Mining Gold Company is under way to launch production.

Minister of mines Hon. Engr Habtamu is present, Gambela regional president Mr Umod Ujlu and Minister of mines Deputy Mr Million Mateos have observed the activities of Ethno mining company in Dima district of Gambela region. Ethno mining company has been mining for gold in Gambela region Dima district for more than ten years. The …

Ethno Mining Gold Company is under way to launch production. Read More »

The Ministry of Trade and Continuous Relations has held a meeting with exporters of cotton, oil grain and standing animals regarding the implementation of cost trade plan and issues that can improve cost trade in the past 7 months.

Addis Ababa 25/6/2015 (Naketemi) The discussion was held to review the performance of the seven months of the fiscal year, discussed the problems faced and to create a better system and service for the sender. The Minister of Trade Relations and Expenditure Trade Promotion Sector Mr. Kasahun Gofe has stated that working closely with the …

The Ministry of Trade and Continuous Relations has held a meeting with exporters of cotton, oil grain and standing animals regarding the implementation of cost trade plan and issues that can improve cost trade in the past 7 months. Read More »

The Pakistan business delegation arrived at Addis Ababa for an official business and Investment visit for five days.

H.E Ambassador Birtukan Ayano, State Minister at MOFA, D/Commissioner at EIC H.E Daniel Teressa, and the Ethiopian Ambassador to Pakistan H.E Amb. Jemal Baker warmly welcomed the delegation at the airport. During their stay, the delegation consisting of more than 70 investors and government officials delegates will explore investment and business opportunities in Ethiopia.

A limit will be placed on the amount of money that can be transferred through mobile money service

The National Bank of Ethiopia has issued guidelines that will re-impose the limit on the amount of money that can be moved in a day through mobile money services. The draft directive increases the amount of money that customers using mobile money services can hold in their accounts from 100 to 233 percent. This draft, …

A limit will be placed on the amount of money that can be transferred through mobile money service Read More »

The dollar is being sold for up to 115 ETB through banks.

Now the price that banks are offering has also outspensed the black market, and the high foreign exchange shortage in the country is understandable from her earlier exploration that the Ethiopian National Bank, which pays banks in Ethiopia, particularly the private exchange rate, to customers demanding the exchange, is more than the price tag set …

The dollar is being sold for up to 115 ETB through banks. Read More »