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Bureau reveals new public transport tariff rate
Spread the NewsThe Addis Abeba Transport Bureau (AATB) has announced that a new tariff has been set for public transportation, which will be effective starting from Wednesday, June 8, 2022. AATB revealed Tuesday that tariffs have been revised in order with the global increase in oil prices. Therefore, the tariff rates have been increased by…

Ethiopia’s AGOA eligibility status still undecided
Spread the NewsEthiopia’s eligibility status to the African Growth and Opportunity Act (AGOA), which gives a duty and quota free access to the country’s textile, garments, shoe, leather, footwear and others to the United States, is a pending issue, sources said. The AGOA trade program provides Sub-Saharan African nations duty-free access to the United States…

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…

Aviation regulator revokes ban on Boeing 737 Max airplanes
Spread the NewsThe Ethiopian Civil Aviation Authority (ECAA) has lifted a flight ban of Boeing 737 Max Airplanes, effective as of Monday April11, 2022. ECAA banned flight of Boeing 737 Max Airplane anywhere across Ethiopian Airspace since March 15, 2019 following the crash of ET-302 Max Airplane March 10, 2019. Nonetheless, the Federal Aviation Administration…

Council of Ministers approve draft budget of 786.6 bln Birr
Spread the NewsThe Council of Ministers has approved a draft budget of 786.61 billion Birr for the next fiscal year of 2022/23. Recurrent expenditures account for 347.12 billion Birr, while 218 billion Birr has been allocated to capital expenditures. Close to 209.38 billion Birr has also been set aside for regional budgets, and 12 billion…