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Business Info ETH
Info and Insights on Ethiopia's Economy!
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businessinfoeth
September 29, 2023, 12:39
Ethiopia to Locally Assemble Lada Cars for Domestic and Export Markets
Ethiopia is moving forward with plans to domestically assemble Russian-made Lada vehicles, aiming to tap into the fast-growing East African automotive market. According to Ethiopia's Ambassador to Russia Cham Ugala Uriat, a local company has partnered with Russian automaker Avtovaz to launch a new assembly plant.
https://telegra.ph/Ethiopia-to-Locally-Assemble-Vehicles-for-Domestic-and-Export-Markets-09-29
businessinfoeth
September 26, 2023, 15:59
Addis Ababa Implements Temporary Ban on Motorcycles and Bajaj
The Addis Ababa City Transport Bureau has announced a temporary ban on motorcycle and bajaj traffic within city limits. The restrictions will go into effect starting at 6 pm (12:00 LT) today and remain in place until October 10th, according to a statement from the Bureau.
https://telegra.ph/Addis-Abeba-Implements-Temporary-Ban-on-Motorcycles-and-Bajaj-09-26
businessinfoeth
September 24, 2023, 12:51
Teraki Set to Transform Podcasting in Ethiopia with New Creator Compensation Model
According to a recent announcement, Ethiopian podcast platform Teraki is preparing to disrupt the industry with a new approach to financially support content creators. Beginning in October, Teraki will introduce a payment model for its podcast creators that surpasses the rates offered by industry giants like YouTube and Spotify when measured on a Cost Per Mille (CPM) basis.
https://telegra.ph/Teraki-Set-to-Transform-Podcasting-in-Ethiopia-with-New-Creator-Compensation-Model-09-23
businessinfoeth
September 15, 2023, 11:03
African Development Bank Backs $104Mn Power Upgrade in Eastern Ethiopia
The African Development Bank Group has given the green light for a transformative $104 million funding package to bolster the power transmission infrastructure in eastern Ethiopia. This project seeks to revamp the region's electricity distribution network, ensuring more reliable power supply and addressing critical challenges. The following are the key highlights of the agreement:
https://telegra.ph/African-Development-Bank-Backs-104Mn-Power-Upgrade-in-Eastern-Ethiopia-09-15
businessinfoeth
September 15, 2023, 11:03
Ethiopia Orders 1.5 Million Passports to Tackle Backlog, Reforms Underway
The Ethiopian Immigration Service (EIS) has initiated a significant effort to tackle a persistent backlog of passport applications by placing an order for a staggering 1.5 million passports, according to The Reporter Ethiopia. Approximately 190,000 passports have already been received from manufacturers in Paris, with the remainder expected soon.
https://telegra.ph/Ethiopia-Orders-15-Million-Passports-to-Tackle-Backlog-Reforms-Underway-09-15
businessinfoeth
September 15, 2023, 11:02
Ethiopia Opens Doors to Offshore Accounts for Strategic Foreign Direct Investment
The National Bank of Ethiopia (NBE) has released a directive to ease the opening and operation of off-shore accounts for strategic foreign direct investment projects, with the goal of attracting investments in various sectors for public goods and increasing foreign exchange inflows.
The directive takes effect immediately and complements existing rules on external borrowing under Directive No. FXD/82/2022.
https://telegra.ph/Ethiopia-Opens-Doors-to-Offshore-Accounts-for-Strategic-Foreign-Direct-Investment-09-15
businessinfoeth
September 10, 2023, 16:30
Key Insights Into Ethiopia's New Contract Farming Law
In July 2023, Ethiopia introduced a groundbreaking legal framework known as the Agricultural Production Contract Proclamation No. 1289/2023 (the Proclamation) to regulate agricultural production contracts. The proclamation was enacted to address the gaps in existing legislation, specifically the 1960 Civil Code, which did not comprehensively address issues related to agricultural contracts. This new legal framework specifically deals with agreements made between contractors and producers in the context of supplying agricultural produce. Here are the key takeaways from a report by Aman & Partners, a leading corporate legal service provider in Ethiopia:
https://telegra.ph/Key-Insights-Into-Ethiopias-New-Contract-Farming-Law-09-07
businessinfoeth
July 5, 2023, 6:56
Exchange Rate for July 05, 2023
More Forex Data 👉🏿 https://businessinfoeth.com/forex-data
businessinfoeth
July 4, 2023, 8:58
Exchange Rate for July 04, 2023
More Forex Data 👉🏿 https://businessinfoeth.com/forex-data
businessinfoeth
July 2, 2023, 7:28
Eijo Five Real Estate: Leading the Way in Sustainable Real Estate
Eijo Five Real Estate is committed to building sustainable real estate in Ethiopia. As electric cars become increasingly popular, we are proud to announce that our upcoming luxury apartments in front of Bole Airport and Bole Wolo Sefer roundabout will be equipped with chargers for electric cars.
Our apartments are located in a prime location, close to all the amenities you need, including schools, hospitals, restaurants, and shops. We are also building our apartments in a timely manner, so you can be sure that you will be able to move in as soon as they are completed.
If you are looking for a sustainable and luxurious place to live, Eijo Five Real Estate is the perfect choice for you. Contact us today to learn more about our upcoming apartments with chargers for electric cars and other premium facilities.
Visit our sales office at Bole Japan, near Diamond Hotel, or call us at 0942101112 or 0943101112 to learn more.
