Sesame rise continues
The price of sesame seeds continues its hike in April according to reports from the Ethiopian Commodity Exchange (ECX) indicated. The average price has also increased by a record 35 percent compared with a similar period last year.
According to the monthly report of ECX, in April 19,436 tons of sesame seeds were traded for a total transaction price of 1.03 billion birr, while 70 percent of the volume and 72 percent of the value was secured from the seeds from the product of Hummera/Gonder type.
https://www.capitalethiopia.com/capital/sesame-rise-continues/
The price of sesame seeds continues its hike in April according to reports from the Ethiopian Commodity Exchange (ECX) indicated. The average price has also increased by a record 35 percent compared with a similar period last year.
According to the monthly report of ECX, in April 19,436 tons of sesame seeds were traded for a total transaction price of 1.03 billion birr, while 70 percent of the volume and 72 percent of the value was secured from the seeds from the product of Hummera/Gonder type.
https://www.capitalethiopia.com/capital/sesame-rise-continues/
Chambers presents Ag Fair
The 12th Addis Chamber specialized International Agriculture and Food Trade Fair (Agrifex), and the First Medical Trade Fair organized by the Addis Ababa Chamber of Commerce and Sectoral Associations opened on Thursday at the Addis Ababa Exhibition Centre.
https://www.capitalethiopia.com/capital/chambers-presents-ag-fair/
The 12th Addis Chamber specialized International Agriculture and Food Trade Fair (Agrifex), and the First Medical Trade Fair organized by the Addis Ababa Chamber of Commerce and Sectoral Associations opened on Thursday at the Addis Ababa Exhibition Centre.
https://www.capitalethiopia.com/capital/chambers-presents-ag-fair/
Emirates Unveils its Pavilion for Expo 2020 Dubai
Emirates Airlines unveiled the design and visitor experience concepts of its ultramodern pavilion for the 6 month mega-event of Expo 2020 Dubai. The Emirates Pavilion’s design and visitor experience will utilise interactive technologies and design-thinking focusing on the future of commercial aviation. Emirates has already broken ground on the pavilion and construction began in March 2019.
https://www.capitalethiopia.com/capital/emirates-unveils-its-pavilion-for-expo-2020-dubai/
Emirates Airlines unveiled the design and visitor experience concepts of its ultramodern pavilion for the 6 month mega-event of Expo 2020 Dubai. The Emirates Pavilion’s design and visitor experience will utilise interactive technologies and design-thinking focusing on the future of commercial aviation. Emirates has already broken ground on the pavilion and construction began in March 2019.
https://www.capitalethiopia.com/capital/emirates-unveils-its-pavilion-for-expo-2020-dubai/
Grand dinner for Addis to be held on May 19
Sheger Grand Dinner, which will gather do-gooders willing to fork five million birr for a plate to help rehabilitate rivers in the city, will be hosted on May 19 at the Hall of Atse Menelik II Palace.
https://www.capitalethiopia.com/capital/grand-dinner-for-addis-to-be-held-on-may-19/
Sheger Grand Dinner, which will gather do-gooders willing to fork five million birr for a plate to help rehabilitate rivers in the city, will be hosted on May 19 at the Hall of Atse Menelik II Palace.
https://www.capitalethiopia.com/capital/grand-dinner-for-addis-to-be-held-on-may-19/
Ethiopia’s mining revenue falls sharply
Although, Ethiopia considers mining to be one of its main foreign currency earnings, the revenue from mineral exports drastically fell for the last nine months of this fiscal year, reports the third mining council after a meeting held in Addis Ababa last Tuesday.
https://www.capitalethiopia.com/capital/ethiopias-mining-revenue-falls-sharply/
Although, Ethiopia considers mining to be one of its main foreign currency earnings, the revenue from mineral exports drastically fell for the last nine months of this fiscal year, reports the third mining council after a meeting held in Addis Ababa last Tuesday.
https://www.capitalethiopia.com/capital/ethiopias-mining-revenue-falls-sharply/
Capital
Ethiopia’s mining revenue falls sharply
Although, Ethiopia considers mining to be one of its main foreign currency earnings, the revenue from mineral exports drastically fell for the last nine months of this fiscal year, reports the third mining council after a meeting held in Addis Ababa last…
New Electoral Board members to be endorsed
The House of People’s representatives (HPR) is expected to endorse the nomination of four members of electoral board in accordance with the new electoral law in the coming weeks.
Ethiopia is preparing for the upcoming national election, electoral proclamations and laws are being revised as part of an effort to conduct a free and fair election.
https://www.capitalethiopia.com/capital/new-electoral-board-members-to-be-endorsed/
The House of People’s representatives (HPR) is expected to endorse the nomination of four members of electoral board in accordance with the new electoral law in the coming weeks.
Ethiopia is preparing for the upcoming national election, electoral proclamations and laws are being revised as part of an effort to conduct a free and fair election.
https://www.capitalethiopia.com/capital/new-electoral-board-members-to-be-endorsed/
International trade show, agrofood, plastprintpack
The 3rd agrofood and plastprintpack Ethiopia exhibition featuring 152 global technology leaders from 18 countries was concluded yesterday Saturday May 11.
https://www.capitalethiopia.com/capital/international-trade-show-agrofood-plastprintpack/
The 3rd agrofood and plastprintpack Ethiopia exhibition featuring 152 global technology leaders from 18 countries was concluded yesterday Saturday May 11.
https://www.capitalethiopia.com/capital/international-trade-show-agrofood-plastprintpack/
Gov’t to drop land allotment system for real-estate developers
The new land lease draft proclamation will not give land to real-estate developers without an auction if the draft is accepted by the parliament.
https://www.capitalethiopia.com/featured/govt-to-drop-land-allotment-system-for-real-estate-developers/
The new land lease draft proclamation will not give land to real-estate developers without an auction if the draft is accepted by the parliament.
https://www.capitalethiopia.com/featured/govt-to-drop-land-allotment-system-for-real-estate-developers/
MoH urge docs to behave ethically
Health Minister Amir Aman (MD) is urging medical professional to behave ethically and serve citizens while they are simultaneously raising their concerns.
https://www.capitalethiopia.com/featured/moh-urge-docs-to-behave-ethically/
Health Minister Amir Aman (MD) is urging medical professional to behave ethically and serve citizens while they are simultaneously raising their concerns.
https://www.capitalethiopia.com/featured/moh-urge-docs-to-behave-ethically/
Tax free agricultural equipment imports allowed
Ethiopia will permit the import of agricultural mechanization, irrigation and animal feed technologies, and equipment tax-free starting this week.
Eyob Tekalegine, State Minister of Finance wrote a letter to the Ethiopian Customs Commission listing a total of 45 agricultural mechanization, irrigation and animal feed technologies, and equipment items with their code numbers on May 6, 2019. https://www.capitalethiopia.com/featured/tax-free-agricultural-equipment-imports-allowed/
Ethiopia will permit the import of agricultural mechanization, irrigation and animal feed technologies, and equipment tax-free starting this week.
Eyob Tekalegine, State Minister of Finance wrote a letter to the Ethiopian Customs Commission listing a total of 45 agricultural mechanization, irrigation and animal feed technologies, and equipment items with their code numbers on May 6, 2019. https://www.capitalethiopia.com/featured/tax-free-agricultural-equipment-imports-allowed/
SPRING IN THE AIR AND ART ON MY MIND
“ we are using art to enhance Ghana’s position on the global stage and to increase tourism.” Ghana’s First Lady, Rebecca Akufo-Addo
The spring has brought new bloom for African art currently being featured in Europe and the USA, with more to come in the summer months. For instance, Contemporary 1:54 art fair, one of the leading fairs for contemporary African art, had another successful run in the West Village of New York City. https://www.capitalethiopia.com/discourse-with-dr-desta/spring-in-the-air-and-art-on-my-mind/
“ we are using art to enhance Ghana’s position on the global stage and to increase tourism.” Ghana’s First Lady, Rebecca Akufo-Addo
The spring has brought new bloom for African art currently being featured in Europe and the USA, with more to come in the summer months. For instance, Contemporary 1:54 art fair, one of the leading fairs for contemporary African art, had another successful run in the West Village of New York City. https://www.capitalethiopia.com/discourse-with-dr-desta/spring-in-the-air-and-art-on-my-mind/
Capitalethiopia
SPRING IN THE AIR AND ART ON MY MIND | Capital Ethiopia Newspaper
What drives the Wollo Famine reporter
One of the popular coverage that BBC covered so far in Ethiopia is the Wollo Famine that presented horrible picture of people who died with hunger and loose there weight. Though it is a past history some westerner still picture Ethiopia in the film that they saw back 46 years ago. The man behind the story and whose name is very popular in the BBC as well in the global media is Jonathan Dimbleby. The journalist agreed that the famine was a horrible and shocking situation in the history of Ethiopia but he said that Empereor Haileselassie was not aware of the situation and did not concealed to the global world.
Last Mondy Jonathan Dimbleby came to Addis for his TV show and host a debate program. https://www.capitalethiopia.com/interview/what-drives-the-wollo-famine-reporter/
One of the popular coverage that BBC covered so far in Ethiopia is the Wollo Famine that presented horrible picture of people who died with hunger and loose there weight. Though it is a past history some westerner still picture Ethiopia in the film that they saw back 46 years ago. The man behind the story and whose name is very popular in the BBC as well in the global media is Jonathan Dimbleby. The journalist agreed that the famine was a horrible and shocking situation in the history of Ethiopia but he said that Empereor Haileselassie was not aware of the situation and did not concealed to the global world.
Last Mondy Jonathan Dimbleby came to Addis for his TV show and host a debate program. https://www.capitalethiopia.com/interview/what-drives-the-wollo-famine-reporter/
Businesses pensive about excise tax
Some businesses owners are concerned that the expected excise tax revision, which has not yet been disclosed, will lead to economic slowdown and confusion.
https://www.capitalethiopia.com/featured/businesses-pensive-about-excise-tax/
Some businesses owners are concerned that the expected excise tax revision, which has not yet been disclosed, will lead to economic slowdown and confusion.
https://www.capitalethiopia.com/featured/businesses-pensive-about-excise-tax/
Rules hinder local company from competing with imports
A pipe factory in Amhara is experiencing chronic difficulties competing in the local market because its products cost 20 percent more than imported ones.
Ethiopia was hoping to stop the 100 percent of imports by agricultural firms by producing three layers of greenhouses. However, taxes for importing raw material and 15 the percent Value-Added (vat) sales tax makes their products expensive and hinders them from competing with foreign imports.
https://www.capitalethiopia.com/capital/rules-hinder-local-company-from-competing-with-imports/
A pipe factory in Amhara is experiencing chronic difficulties competing in the local market because its products cost 20 percent more than imported ones.
Ethiopia was hoping to stop the 100 percent of imports by agricultural firms by producing three layers of greenhouses. However, taxes for importing raw material and 15 the percent Value-Added (vat) sales tax makes their products expensive and hinders them from competing with foreign imports.
https://www.capitalethiopia.com/capital/rules-hinder-local-company-from-competing-with-imports/
Capital
Rules hinder local company from competing with imports
A pipe factory in Amhara is experiencing chronic difficulties competing in the local market because its products cost 20 percent more than imported ones. Ethiopia was hoping to stop the 100 percent of imports by agricultural firms by producing three layers…
Bottle Water tax to be repealed
The Ministry of Finance (MoF) has promised to reduce and change the excise tax levied on bottled water manufacturers.
Bottled water industry representatives had frequently asked the government to reconsider the excise tax imposed on bottled water production. https://www.capitalethiopia.com/capital/bottle-water-tax-to-be-repealed/
The Ministry of Finance (MoF) has promised to reduce and change the excise tax levied on bottled water manufacturers.
Bottled water industry representatives had frequently asked the government to reconsider the excise tax imposed on bottled water production. https://www.capitalethiopia.com/capital/bottle-water-tax-to-be-repealed/
Capital
Bottle Water tax to be repealed
The Ministry of Finance (MoF) has promised to reduce and change the excise tax levied on bottled water manufacturers. Bottled water industry representatives had frequently asked the government to reconsider the excise tax imposed on bottled water production.…
Crude palm oil to be imported to save forex
The Ministry of Trade and Industry which is not happy about spending half a billion USD to import palm oil from Singapore and Malaysia are consulting with 11 large local edible oil producers about ways to use ‘crude’ palm oil instead. https://www.capitalethiopia.com/capital/crude-palm-oil-to-be-imported-to-save-forex/
The Ministry of Trade and Industry which is not happy about spending half a billion USD to import palm oil from Singapore and Malaysia are consulting with 11 large local edible oil producers about ways to use ‘crude’ palm oil instead. https://www.capitalethiopia.com/capital/crude-palm-oil-to-be-imported-to-save-forex/
Capitalethiopia
Crude palm oil to be imported to save forex | Capital Ethiopia Newspaper
Domestic worker agencies blocked accounts under suspicion
Confusion is being created among staff of the Ministry of Labor and Social Affairs (MoLSA) and banks after over 490 Domestic worker agencies presented USD 100,000 that was blocked from private companies to open offices and send Ethiopian workers to the Middle East. https://www.capitalethiopia.com/capital/domestic-worker-agencies-blocked-accounts-under-suspicion/
Confusion is being created among staff of the Ministry of Labor and Social Affairs (MoLSA) and banks after over 490 Domestic worker agencies presented USD 100,000 that was blocked from private companies to open offices and send Ethiopian workers to the Middle East. https://www.capitalethiopia.com/capital/domestic-worker-agencies-blocked-accounts-under-suspicion/
Capitalethiopia
Domestic worker agencies blocked accounts under suspicion | Capital Ethiopia Newspaper
Asset’s of government officials to be posted online in three months
The Federal Ethics and Anti-Corruption Commission is in the final stages of revealing the top government officials assets through an online system that can be accessible to the public through an inquiry.
The commission will post the assets in three months.
The asset information includes the wealth of the Prime Minister, the ministers of different institutions, state ministers, directors, procurement staff and other selected officials. https://www.capitalethiopia.com/capital/assets-of-government-officials-to-be-posted-online-in-three-months/
The Federal Ethics and Anti-Corruption Commission is in the final stages of revealing the top government officials assets through an online system that can be accessible to the public through an inquiry.
The commission will post the assets in three months.
The asset information includes the wealth of the Prime Minister, the ministers of different institutions, state ministers, directors, procurement staff and other selected officials. https://www.capitalethiopia.com/capital/assets-of-government-officials-to-be-posted-online-in-three-months/
Capitalethiopia
Asset’s of government officials to be posted online in three months | Capital Ethiopia Newspaper
Wegagen sees remittance increase, links with WorldRemit
Wegagen, one of Ethiopia’s oldest banks, announced it is taking in impressive remittance earnings and expanding money transfer partners. This comes at a time when transferring money from Diaspora has seen challenges.
Simret Tesfay, Remittance Division Manager at Wegagen, said that remittance revenue is more sustainable now. https://www.capitalethiopia.com/capital/wegagen-sees-remittance-increase-links-with-worldremit/
Wegagen, one of Ethiopia’s oldest banks, announced it is taking in impressive remittance earnings and expanding money transfer partners. This comes at a time when transferring money from Diaspora has seen challenges.
Simret Tesfay, Remittance Division Manager at Wegagen, said that remittance revenue is more sustainable now. https://www.capitalethiopia.com/capital/wegagen-sees-remittance-increase-links-with-worldremit/
Capitalethiopia
Wegagen sees remittance increase, links with WorldRemit | Capital Ethiopia Newspaper