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Oromia Bank, bureau agree to work on payments
Spread the NewsThe recently rebranded Oromia Bank and Oromia Water and Energy Resource Development Bureau signed a Memorandum of Understanding (MoU) to work on collection of payments. The agreement has been signed by Woldie Bulto, Vice President of Oromia Bank and Million Bekele (Engineer), Head of Oromia Water and Energy Resource Development Bureau. The agreement…

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…

Girma Wake become new board chairman of Ethiopian Airlines
Spread the NewsEthiopian Airlines announced Wednesday that Girma Wake, former CEO of Ethiopian Airlines, has been appointed recently as a new Chairman of the Board of Management of Ethiopian Airlines Group by Ethiopian Public Enterprises Holding and Administration Agency. The announcement was made after official resignation of Tewolde GebreMariam. Mr. Girma Wake is a highly…

Gov’t ceases fuel subsidy
Spread the NewsThe Ministry of Trade and Regional Integration (MoTRI) announced Tuesday that the government will gradually lift fuel subsidy for individual and some organizations vehicles. Only mass public transport service providers will be the beneficiaries of the new subsidy scheme adjusted by the government, Gebremeskel Chala, Minister of Trade and Regional Integration, said in…

EEU plans to earn 43.1 bln Birr from power sale
Spread the News Ethiopia Electric Utility (EEU), the state-agency engaged in selling electric energy, has planned to generate 43.1 billion Birr from the sale of electric energy and other revenues in 2022/23 budget year. Shiferaw Telila, CEO of EEU told the media in a presser on Thursday about his institution’s plan. “EEU has also a…

Ethiopia, Japan sign grant agreement of $3.5 mln for procurement of mobile clinic vehicles
Spread the NewsMinistry of Finance (MoF) and Japan’s government on Wednesday signed a grant agreement of $3.5 million for the procurement of mobile clinic vehicles. The agreement was signed between Semereta Sewasew, State Minister of Finance and Ito Takako, Ambassador of Japan to Ethiopia at the headquarter of the MoF. Under the grant, ten mobile…