Ministry of Mines (MoM) has warned companies engaged in the exploration of natural oil and gas, as well gold mineral over their failures on efficiency.
Takele Uma (Eng.), Minister of Mines told Members of the Parliament while he presented MoMs nine months of performance report that two companies that are engaged in the exploration of natural oil and gas, as well gold for years but not inefficient have been given an ultimatum.
Spread the NewsDear Colleagues, Greetings As you know I have been challenged with health issues since almost a year now and as a result I have been working from the USA for the last five months. Under my current health issues and medical treatment I am not able to return to the office any time…
Spread the NewsEthiopia has lost its 19% share at Berbera Port in Somaliland due to its failure to pay financial contribution for the construction of the port. Paying contribution is among the precondition set by Somaliland’s government. Ministry of Finance Development of Republic of Somaliland announced that the Ethiopian government has been stripped of its…
Spread the NewsThe Council of Ministers on Wednesday has given green light for the Ministry of Mines to ink an agreement with the eight companies who are interested to start production of coal in different parts of the country. This new licensing is expected to end import of coal within one year period. Ministry of…
Spread the NewsEthio Telecom announced that it will officially launch 5th generation (5G) services next week Monday. The company has been on trial stages of the 5G services for a year. 5G is mainly intended to be introduced to deal with the high volume of data transmission in dense urban networks in the country. Ethio…
Spread the NewsEthiopian Cargo has transported more than 110 million stems of flowers for Valentine’s Day. In the past two weeks, Ethiopian Cargo operated 86 flights mainly from Ethiopia, Kenya, Ecuador, Colombia, Miami (US) in to Europe, transporting more than 110 million stems of flowers. Ethiopian Cargo and Logistics Services, the largest cargo network operator…
Spread the NewsYared Hailemeskel, an Investment Advisor, told Ethiopian Banks to protect themselves from the threats of financial liberalization. The Advisor has presented his survey findings regarding the financial sector liberalization on the fifth edition of the East African Finance Summit on Wednesday. Ethiopian Banks have lower capital; less developed in technological aspects and banking…
