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Export earnings from industrial parks reach $930 mln
Spread the NewsThe Industrial Parks Development Corporation (IPDC) announced Thursday that export earnings from industrial parks (IPs), which are under operations reached $930 million as of July 7, 2022. “We consider it as a significant achievement,” Sandokan Debebe, CEO of IPDC said in a press briefing at the Corporation’s headquarter. “We have given a due…
Ethiopia loses up to $3 bln worth FDI, loans due to war, says Macroeconomist
Spread the NewsForeign Direct Investment (FDI), loans and aid flow into Ethiopia registered a reduction of $2 to $3 billion in the initial periods of the war, according to a Macroeconomist. Tewodros Mekonnen (PhD), a Country Economist at International Growth Center said Friday that the war has negative impacts on disrupting the Balance of Payments…
Ministry sets new factory prices for cement
Spread the NewsMinistry of Trade and Regional Integration (MoTRI) has announced Wednesday new factory prices for cement product, which will be effective for three months. Following the decision, MoTRI has regulated that the minimum factory selling price for a quintal of cement to be 510 Birr while the maximum price is 683.44 Birr. “Due to…
Bunna Bank awards customers
Spread the NewsBunna Bank Share Company has awarded its customers, who are working in mass and freight transport services. The awards have been presented to Bank’s 34 lucky customers on Thursday in a program held at Ghion Hotel. This round of “Save and get prized” program has been held for the sixth time. The awards…
Association expects national ID to advance business services
Spread the NewsThe Ethiopian Chamber of Commerce and Sectoral Association (ECCSA) said Friday that the National ID Program will be helpful for the business community to get services pertaining to logistics and tax in an easy way. The National ID program will also be crucial in prevention of crimes and swift exchange of information, according…
Ethiopian to resume B737 MAX flights
Spread the NewsEthiopian Airlines has it is in the final stage to return the B737 MAX fleet to service with the first flight expected to resume February 1, 2022. Ethiopian Airlines Group CEO Tewolde GebreMariam said “Safety is our top most priority at Ethiopian Airlines and it guides every decision we make and all actions…