Gov’t to pay over 200 million birr for cooperative unions
The government is to pay over 200 million birr to cooperative unions as compensation for the non essential purchase of over 271 quintals of fertilizers used as inputs for Blending Plants.
Back in 2015, what was known as the Ministry of Agriculture (MoA) and the Agricultural Transformation Agency (ATA), together with four cooperative unions located in four regional states constructed four fertilizer blending factories to supply specific fertilizer mix based on their soil type for specific areas. https://www.capitalethiopia.com/capital/govt-to-pay-over-200-million-birr-for-cooperative-unions/
The government is to pay over 200 million birr to cooperative unions as compensation for the non essential purchase of over 271 quintals of fertilizers used as inputs for Blending Plants.
Back in 2015, what was known as the Ministry of Agriculture (MoA) and the Agricultural Transformation Agency (ATA), together with four cooperative unions located in four regional states constructed four fertilizer blending factories to supply specific fertilizer mix based on their soil type for specific areas. https://www.capitalethiopia.com/capital/govt-to-pay-over-200-million-birr-for-cooperative-unions/
Capitalethiopia
Gov’t to pay over 200 million birr for cooperative unions | Capital Ethiopia Newspaper
Electronics and more
Geepas, one of the leading consumer electronic brands in the Middle East, Europe and Africa has signed a joint venture agreement with Belayab Group, a conglomerate based in Addis to manufacture and assemble Geepas electronics at its manufacturing plant in Adama. https://www.capitalethiopia.com/capital/electronics-and-more/
Geepas, one of the leading consumer electronic brands in the Middle East, Europe and Africa has signed a joint venture agreement with Belayab Group, a conglomerate based in Addis to manufacture and assemble Geepas electronics at its manufacturing plant in Adama. https://www.capitalethiopia.com/capital/electronics-and-more/
Misuse threatens sewer system
The Addis Ababa Water and Sewerage Authority disclosed that one of the waste treatment plants at Kality is under stress from improper use and illegal activities.
The Kality liquid waste disposal site which has a capacity of refining 100,000 cubic meters a day is currently under pressure. https://www.capitalethiopia.com/capital/misuse-threatens-sewer-system/
The Addis Ababa Water and Sewerage Authority disclosed that one of the waste treatment plants at Kality is under stress from improper use and illegal activities.
The Kality liquid waste disposal site which has a capacity of refining 100,000 cubic meters a day is currently under pressure. https://www.capitalethiopia.com/capital/misuse-threatens-sewer-system/
Capitalethiopia
Misuse threatens sewer system | Capital Ethiopia Newspaper
‘So yes I am against privatization if privatization is not based primarily on pragmatic analyses’
Capital sat down with Kebour Ghenna, former President of the Ethiopian and Addis Ababa Chambers of Commerce and current Executive Director of the Pan African Chamber of Commerce and Industry to discuss about his views on the current situation of the country. Excerpts:
Capital: What can you tell us about the future of democracy in Ethiopia, and the rise of ethnic nationalism?
Kebour Ghenna: The race to nationalism seems to make headways. https://www.capitalethiopia.com/interview/so-yes-i-am-against-privatization-if-privatization-is-not-based-primarily-on-pragmatic-analyses/
Capital sat down with Kebour Ghenna, former President of the Ethiopian and Addis Ababa Chambers of Commerce and current Executive Director of the Pan African Chamber of Commerce and Industry to discuss about his views on the current situation of the country. Excerpts:
Capital: What can you tell us about the future of democracy in Ethiopia, and the rise of ethnic nationalism?
Kebour Ghenna: The race to nationalism seems to make headways. https://www.capitalethiopia.com/interview/so-yes-i-am-against-privatization-if-privatization-is-not-based-primarily-on-pragmatic-analyses/
NBE hands out USD 300M, but forex thirst continues
The National Bank of Ethiopia (NBE), has announced that it provided USD 300 million via the state owned Commercial Bank of Ethiopia (CBE) and private banks for the manufacturing sector this week. However, local industries still claim that the hard currency disbursement is unfair. https://www.capitalethiopia.com/featured/nbe-hands-out-usd-300m-but-forex-thirst-continues/
The National Bank of Ethiopia (NBE), has announced that it provided USD 300 million via the state owned Commercial Bank of Ethiopia (CBE) and private banks for the manufacturing sector this week. However, local industries still claim that the hard currency disbursement is unfair. https://www.capitalethiopia.com/featured/nbe-hands-out-usd-300m-but-forex-thirst-continues/
Capitalethiopia
NBE hands out USD 300M, but forex thirst continues | Capital Ethiopia Newspaper
Study examines possible price cap return
The Trade Practices and Consumer Protection Authority (TPCPA) has initiated a new draft study and taken it to the Ministry of Trade and Industry to set a profit margin on basic manufacturing products like cement, steel, and food items which are often asked for by consumers and other products prone to destabilizing Ethiopia’s economy. https://www.capitalethiopia.com/featured/study-examines-possible-price-cap-return/
The Trade Practices and Consumer Protection Authority (TPCPA) has initiated a new draft study and taken it to the Ministry of Trade and Industry to set a profit margin on basic manufacturing products like cement, steel, and food items which are often asked for by consumers and other products prone to destabilizing Ethiopia’s economy. https://www.capitalethiopia.com/featured/study-examines-possible-price-cap-return/
Capitalethiopia
Study examines possible price cap return | Capital Ethiopia Newspaper
Ministry asked for sales machine upgrade
Sales register machine manufacturers are calling on the government to utilize the latest technology in order to maintain the accuracy of the machines and increase tax revenue.
Cash register machines were introduced at the beginning of 2008 in Addis and currently are in use throughout Ethiopia with many businesses now operating them. Experts say using the machines properly allows the government to trace business sales and obtain accurate direct and indirect taxes. Even though the number of sales register machine users is increasing, machines are using outdated technology and can be subject to fraud. https://www.capitalethiopia.com/featured/ministry-asked-for-sales-machine-upgrade/
Sales register machine manufacturers are calling on the government to utilize the latest technology in order to maintain the accuracy of the machines and increase tax revenue.
Cash register machines were introduced at the beginning of 2008 in Addis and currently are in use throughout Ethiopia with many businesses now operating them. Experts say using the machines properly allows the government to trace business sales and obtain accurate direct and indirect taxes. Even though the number of sales register machine users is increasing, machines are using outdated technology and can be subject to fraud. https://www.capitalethiopia.com/featured/ministry-asked-for-sales-machine-upgrade/
Capitalethiopia
Ministry asked for sales machine upgrade | Capital Ethiopia Newspaper
Lights Out
Climate change, water scarcity jeopardize exports, start rations
The Ministry of Water, Electricity and Irrigation (MoWEI) on Friday announced that it has been facing a critical water shortage at a power generation dam, forcing it to proportionally decrease and quit power exports and start power shedding nationwide. The country is experiencing a power shortage of 426 MW. https://www.capitalethiopia.com/featured/lights-out/
Climate change, water scarcity jeopardize exports, start rations
The Ministry of Water, Electricity and Irrigation (MoWEI) on Friday announced that it has been facing a critical water shortage at a power generation dam, forcing it to proportionally decrease and quit power exports and start power shedding nationwide. The country is experiencing a power shortage of 426 MW. https://www.capitalethiopia.com/featured/lights-out/
Capitalethiopia
Lights Out | Capital Ethiopia Newspaper
Almost all forex goes to foreign investors
Almost 94 percent of foreign currency allocated to private investors since the beginning of the budget year has gone to foreign companies. Only six percent was transferred to local investors. https://www.capitalethiopia.com/featured/almost-all-forex-goes-to-foreign-investors/
Almost 94 percent of foreign currency allocated to private investors since the beginning of the budget year has gone to foreign companies. Only six percent was transferred to local investors. https://www.capitalethiopia.com/featured/almost-all-forex-goes-to-foreign-investors/
Capital Ethiopia Newspaper
Almost all forex goes to foreign investors - Capital Ethiopia Newspaper
Almost 94 percent of foreign currency allocated to private investors since the beginning of the budget year has gone to foreign companies. Only six percent was transferred to local investors. The government stated it provided USD five billion to the private…
Crazy food prices to be investigated
The Ministry of Trade and Industry, the Addis Ababa Trade and Industry Bureau and the Trade Practices and Consumer Protection Authority have formed a committee to investigate the surprising price rise in basic consumer goods after the Ethiopian Easter. https://www.capitalethiopia.com/featured/crazy-food-prices-to-be-investigated/
The Ministry of Trade and Industry, the Addis Ababa Trade and Industry Bureau and the Trade Practices and Consumer Protection Authority have formed a committee to investigate the surprising price rise in basic consumer goods after the Ethiopian Easter. https://www.capitalethiopia.com/featured/crazy-food-prices-to-be-investigated/
Capitalethiopia
Crazy food prices to be investigated | Capital Ethiopia Newspaper
Study to be revised to allow foreign investors in commercial housing
The Ministry of Finance, after reviewing the proposal sent from the Ministry of Urban Development and Construction (MoUDT) has expressed concerns over a proposal allowing foreign investors to participate in condo and real estate construction. https://www.capitalethiopia.com/featured/study-to-be-revised-to-allow-foreign-investors-in-commercial-housing/
The Ministry of Finance, after reviewing the proposal sent from the Ministry of Urban Development and Construction (MoUDT) has expressed concerns over a proposal allowing foreign investors to participate in condo and real estate construction. https://www.capitalethiopia.com/featured/study-to-be-revised-to-allow-foreign-investors-in-commercial-housing/
Capitalethiopia
Study to be revised to allow foreign investors in commercial housing | Capital Ethiopia Newspaper
Wheat imports face port problems
The government’s order to prioritize fertilizer over wheat, when being transported from the Port of Djibouti to Ethiopia has meant increased demurrage costs for wheat cargo and delay in getting wheat to the local market. https://www.capitalethiopia.com/capital/wheat-imports-face-port-problems/
The government’s order to prioritize fertilizer over wheat, when being transported from the Port of Djibouti to Ethiopia has meant increased demurrage costs for wheat cargo and delay in getting wheat to the local market. https://www.capitalethiopia.com/capital/wheat-imports-face-port-problems/
Capitalethiopia
Wheat imports face port problems | Capital Ethiopia Newspaper
Ministry issues five mining exploration licenses
The Ethiopian Ministry of Mines, Petroleum and Natural Gas has granted five licenses to international and local firms allowing them to explore and produce Gold, Bromine, Gypsum and Gemstone minerals in Tigray and Afar regions. https://www.capitalethiopia.com/capital/ministry-issues-five-mining-exploration-licenses/
The Ethiopian Ministry of Mines, Petroleum and Natural Gas has granted five licenses to international and local firms allowing them to explore and produce Gold, Bromine, Gypsum and Gemstone minerals in Tigray and Afar regions. https://www.capitalethiopia.com/capital/ministry-issues-five-mining-exploration-licenses/
Capitalethiopia
Ministry issues five mining exploration licenses | Capital Ethiopia Newspaper
Global Innovation Catalyst wants half a million job opportunities for Ethiopians
Global Innovation Catalyst, an advisory services firm connecting countries in the AMENA (Asia, Middle East and North Africa) region is to provide over 10 million innovative job drives in the world by providing the resources needed to stimulate job creation, high-tech entrepreneurship, and innovation-focused economic growth. https://www.capitalethiopia.com/capital/global-innovation-catalyst-wants-half-a-million-job-opportunities-for-ethiopians/
Global Innovation Catalyst, an advisory services firm connecting countries in the AMENA (Asia, Middle East and North Africa) region is to provide over 10 million innovative job drives in the world by providing the resources needed to stimulate job creation, high-tech entrepreneurship, and innovation-focused economic growth. https://www.capitalethiopia.com/capital/global-innovation-catalyst-wants-half-a-million-job-opportunities-for-ethiopians/
Capitalethiopia
Global Innovation Catalyst wants half a million job opportunities for Ethiopians | Capital Ethiopia Newspaper
EIC Launches Online Services Platform, Chinese Web-Portal
The Ethiopian Investment Commission (EIC) has launched an online services platform where investors can apply for new investment permit and its renewal. https://www.capitalethiopia.com/capital/eic-launches-online-services-platform-chinese-web-portal/
The Ethiopian Investment Commission (EIC) has launched an online services platform where investors can apply for new investment permit and its renewal. https://www.capitalethiopia.com/capital/eic-launches-online-services-platform-chinese-web-portal/
Capitalethiopia
EIC Launches Online Services Platform, Chinese Web-Portal | Capital Ethiopia Newspaper
Foreign companies contribute to black market money spike
The black market versus the bank rate margin is now over 42%
More and more foreign companies are now using the black market causing the price of foreign currency to rise even higher and the difference between the legal exchange rate at banks and the black market to be over 42 percent. According to sources the rate changes every day on the black market. The current estimation is close to 40 birr per USD while it is about 28 birr at banks. One British Pound is 50 birr and one Euro is 45 birr. https://www.capitalethiopia.com/capital/foreign-companies-contribute-to-black-market-money-spike/
The black market versus the bank rate margin is now over 42%
More and more foreign companies are now using the black market causing the price of foreign currency to rise even higher and the difference between the legal exchange rate at banks and the black market to be over 42 percent. According to sources the rate changes every day on the black market. The current estimation is close to 40 birr per USD while it is about 28 birr at banks. One British Pound is 50 birr and one Euro is 45 birr. https://www.capitalethiopia.com/capital/foreign-companies-contribute-to-black-market-money-spike/
Capital Ethiopia Newspaper
Foreign companies contribute to black market money spike - Capital Ethiopia Newspaper
The black market versus the bank rate margin is now over 42% More and more foreign companies are now using the black market causing the price of foreign currency to rise even higher and the difference between the legal exchange rate at banks and the black…
Bank process delaying medicine deliveries
The Ethiopian Pharmaceuticals Supply Agency (EPSA), an institution providing pharmaceuticals, laboratory reagents, medical equipment and supplies is saying banking procedures are delaying getting medicine to public.
Officials of EPSA said this while presenting their nine month performance report to the parliament in mid week. https://www.capitalethiopia.com/capital/bank-process-delaying-medicine-deliveries/
The Ethiopian Pharmaceuticals Supply Agency (EPSA), an institution providing pharmaceuticals, laboratory reagents, medical equipment and supplies is saying banking procedures are delaying getting medicine to public.
Officials of EPSA said this while presenting their nine month performance report to the parliament in mid week. https://www.capitalethiopia.com/capital/bank-process-delaying-medicine-deliveries/
Capitalethiopia
Bank process delaying medicine deliveries | Capital Ethiopia Newspaper
School fees continue their rapid rise
Does money go to teachers or owners?
According to an assessment by the Addis Ababa Education Bureau, private schools in Addis Ababa have increased next year’s tuition fees from 1,500 to 5,000 birr for a year. This means that overall school prices will rise to between 2,000and 80,000 birr for a year.
According to Capital’s assessment most of the schools charge from 1,000 to 12,000 birr for their registration fee. https://www.capitalethiopia.com/capital/school-fees-continue-their-rapid-rise/
Does money go to teachers or owners?
According to an assessment by the Addis Ababa Education Bureau, private schools in Addis Ababa have increased next year’s tuition fees from 1,500 to 5,000 birr for a year. This means that overall school prices will rise to between 2,000and 80,000 birr for a year.
According to Capital’s assessment most of the schools charge from 1,000 to 12,000 birr for their registration fee. https://www.capitalethiopia.com/capital/school-fees-continue-their-rapid-rise/
Capital
School fees continue their rapid rise
Does money go to teachers or owners? According to an assessment by the Addis Ababa Education Bureau, private schools in Addis Ababa have increased next year’s tuition fees from 1,500 to 5,000 birr for a year. This means that overall school prices will rise…
Zamzam becomes first recognized Islamic Bank
During the Islamic holy month of Ramadan the Ethiopian Islamic community received miraculous news from the National Bank of Ethiopia (NBE), the financial regulatory body, to resurrect the formation of Zamzam Bank, the under formation first full-fledged interest free banking institution. https://www.capitalethiopia.com/featured/zamzam-becomes-first-recognized-islamic-bank/
During the Islamic holy month of Ramadan the Ethiopian Islamic community received miraculous news from the National Bank of Ethiopia (NBE), the financial regulatory body, to resurrect the formation of Zamzam Bank, the under formation first full-fledged interest free banking institution. https://www.capitalethiopia.com/featured/zamzam-becomes-first-recognized-islamic-bank/
Capitalethiopia
Zamzam becomes first recognized Islamic Bank | Capital Ethiopia Newspaper