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Fuel subsidy registration launched at Ethio Telecom sales centers
Spread the NewsEthio Telecom said that it has launched registration of beneficiaries for fuel subsidy scheme at its sales centers. The scheme was initiated by the government. In a bid to realize the scheme, Ethio Telecom has been working with Ministry of Transport and Logistics. The new scheme is targeted to benefit public transport providers…

World Bank approves $300 mln to support Ethiopia’s conflict-affected communities
Spread the NewsThe World Bank has approved a $300 million International Development Association (IDA) grant to support the recovery of conflict-affected communities in Ethiopia. The grant will finance a Response-Recovery-Resilience for Conflict-Affected Communities in Ethiopia Project, which targets to reach out more than five million people. The project will support efforts to address the immediate…

Gov’t ponders to implement furniture import-substitution policy
Spread the News Melaku Alebel, Ministry of Industry said Thursday that the government is considering implementing a policy intervention to substitute furniture products the country is importing. Furniture is one of the commodities Ethiopia is importing. Ethiopia spends $15 million in a year to import furniture, according to a data from Ministry of Industry. Melaku…

Awash Insurance unveils new logo, business motto
Spread the NewsAwash Insurance Share Company has unveiled its new logo and business motto. The logo unveiling program held on Saturday at Hilton Hotel. The new business motto of Awash Insurance reads as: “We Flow with You”. Rebranding of the logo has been done by internationally experienced institution from Kenya dubbed Brand Integrated Consulting, which…

Bureau adjusts transport fares
Spread the NewsAddis Abeba Transport Bureau (AATB) has announced an increase in transport fares a week after 38% hike on fuel price. The fare increases vary between 50 cent and 6.50 Birr depending on the length of the route. Commuters on short taxi routes (up to ten kilometers) will now be asked to pay 13…

Ministry grants six large-scale mining licenses
Spread the NewsMinistry of Mines and Petroleum (MoMP) has granted the first of its kind large-scale mining licenses for six mining companies of gold, marble and bromine. The licenses for these companies have been awarded by Takele Uma (Eng.), Minister of Mines and Petroleum on Thursday, September 30. Kurmuk Gold Mining PLC, Etno Mining PLC…