Ministry of Finance releases new tariff directive
The new tariff directive lists more than 8,000 raw materials, consumer goods, and capital goods in a new Tariff Book.
Ministry of Finance and Ethiopian Construction Design and Supervisions Works Corporation partner up
The agreement is for the implementation of “super cluster servers” as part of plans to roll our Integrated Financial Management Information Systems (IFMIS).
Ethiopia seeks to restructure debt for over USD 1 billion
Ethiopia adopted the Debt Service Suspension Initiative of the G20 Summit back in February to restructure USD 2.5 billion in debt.
Ethiopia’s budget for 2014 fiscal year
The budget that was approved for the upcoming fiscal year (which starts tomorrow) provides ETB 345.7 billion to the federal government. Of this amount, ETB 162.1 billion will go to…
Berebera Port’s renovated container terminals begin operations
The new terminals have the capacity to house 500,000 containers at a time and service more than 1 million annually.
Ministry of Finance assures steps taken to address inflation and other issues in budget proposal
According to Teferri Mekonnen, a senior budget advisor to the Ministry of Finance, the ministry is in the process of adopting short-term and medium-term policies to mitigate the country’s galloping…
World Bank donates more than USD 900 million to Ethiopia
The funding is going to be used to finance three different types of projects.
Ethiopia’s Public Procurement and Property Administration Agency passes directive on asset purging
The Public Procurement and Property Administration Agency is going to be responsible for purging items such as vehicles, machinery, scrap metal, and the like that are more costly, while low-cost…
Ministry of Finance and Ministry of Trade and Industry pass directives on the price of oil, cement, rebar, and ceramics
The directives have been issued as part of efforts to mitigate the price surges rampaging across the country.
Redfox Solutions to add its data centre to the growing list of centres in Addis Ababa
The data center is slated to begin operations as early as September of this year.