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Contractors complain of high cement prices
Spread the NewsGirma Hailemariam (Eng.), President of the Ethiopian Contractors Association told Ethio Trade and Investment Forum radio show that contractors are complaining of skyrocketing prices of cement and other construction materials. “The contractors are even starting to cease construction due to the price hike,” Girma said. A quintal of cement is sold from 1250…

Thousands to be deprived of livelihoods if Ethiopia disqualified from AGOA
Spread the NewsMore than 85 thousand factory workers are poised to be at risk of losing their jobs if the United States disqualified Ethiopia from the African Growth and Opportunity Act (AGOA), a trade opportunity for Sub-Saharan countries, according to Sandokan Debebe, CEO of the Industrial Parks Development Corporation (IPDC). “Though there’s no official statement…

Gov’t admits textile industries ‘significantly’ affected by AGOA’s withdrawal
Spread the NewsEthiopian government has admitted that textile industries have been significantly affected by Ethiopia’s withdrawal from AGOA. In November 2021, the United States suspended Ethiopia from the African Growth and Opportunity Act (AGOA), tariff and quota free access to the US market, in response to the war in the Tigray region, and its consequences….

Businesses urge policy amendments to boost exports
Spread the NewsBusiness persons, who are engaging in export business, recommended that government should make amendments of polices to boost Ethiopia’s export. The meeting, which was organized by Addis Abeba Chamber of Commerce and Sectoral Associations (AACCSA), held on Tuesday focused on “Challenges and Prospects of the Export Trade”. Shortage of finance, absence of modern…

Expert urges US to revisit strategy over revoking Ethiopia from AGOA
Spread the NewsZemedeneh Nigatu, Global Chairman, Fairfax Africa Fund urged that the United States needs to revisit its strategy over revoking Ethiopia from the African Growth and Opportunity Act (AGOA), a quota and duty free trade privilege to African countries. “Whatever policies and strategies the US is trying to achieve by imposing this kinds of…

Authority says flight in its airspace is safe
Spread the NewsEthiopian Civil Aviation Authority said on Friday that any flight in Ethiopian Airspace including Addis Abeba international airport is safe and secured. The statement came after the U.S. Federal Aviation Administration (FAA) issued an alert civilian planes may be “directly or indirectly exposed to ground weapons fire and/or surface-to-air fire”. “The warning issued…