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Gov’t seeks to boost mining sector share in Ethiopia’s GDP
Spread the NewsThe government disclosed that it has a plan to boost mining sector share in the Gross Domestic Product (GDP) of the country. Mining contributes only 1% to the GDP of Ethiopia. “We’ve a plan to increase mining’s sector to 17% in ten years,” Takele Uma (Engineer), Minister of Mines said Thursday while the…

Cabo Verde became another state to deposit agreement establishing AfCFTA
Spread the NewsThe Republic of Cabo Verde became the forty-first (41st) State Party to deposit the instrument of ratification of the Agreement Establishing the African Continental Free Trade Area (AfCFTA). On behalf of the Chairperson, the Office of the Legal Counsel received the instrument from Secretary of State of Foreign Affairs and Cooperation of Cabo…

Ministry to build gold refinery
Spread the NewsThe Ministry of Mines and Petroleum is planning to build a gold refinery plant that refines locally produced gold. Eng. Takele Uma, Minister of Mines and Petroleum, told local reporters that the ministry is holding talks with a company that would build the gold refinery plant. Takele said the gold refinery would process…

Former Holland Car GM plans to auction export items online
Spread the NewsTadesse Tessema (Engineer), Founder and General Manager of the former Holland Car PLC, said that he has a plan to auction Ethiopia’s export items online. Recently, Engineer Tadesse has invented Adugenet auctions (http://adugenetauctions.com), an online platform to accelerate auctions globally. In an exclusive interview with Origins Business Tadesse said that he is planning…

Ministry permits import of foods on Franco Valuta privileges
Spread the NewsMinistry of Finance (MoF) has issued on Saturday, April 9, 2022 a directive allowing importers of essential food stuffs such as edible oil, wheat, sugar, baby milk and rice to use Franco-Valuta privileges without waiting for foreign exchange permits and import their items directly through the Ethiopian Customs Commission. “Ethiopian Diaspora with a…