Ashenafi EndaleAugust 11, 2021437

The Ethiopian Maritime Affairs Authority (EMAA) is finalizing a new directive specifying requirements to govern the licensing of private multimodal transport operators.

“We are preparing to commence licensing the first private multimodal operators in the country. There are many logistics companies who have been requesting this,” Ewnetu Taye, Deputy Director at the Ethiopian Logistics Transformation Office (LTO), told EBR.


Ashenafi EndaleAugust 4, 2021155

Ethiopia’s modality for coffee exports has shifted from the Ethiopian Commodity Exchange (ECX) to vertical marketing. During the 2020/21 Ethiopian fiscal year that ended June 30, 2021, over 90Pct of the 248,000 tons of coffee was exported through the new modality which is outside of ECX’s platform—earning the nation a record high income of USD970 million. This value has only been in the range of USD600 to 800 million during the past decade. The price of regular Ethiopian coffee also jumped in the international market from USD2,800 two years ago to the current USD4,000 per ton—a surge of 35Pct. Specialty coffee fetched around USD70 per kilogram. However, USD370 per kilogram was the winning bid of the Cup of Excellence coffee auction.


Tirualem.aJuly 30, 202197

The fifth World Leather Congress and International Union of Leather Technologists and Chemists Society IULTCS is set to feature Skylight Hotel in Addis Ababa, from November 1 to 5, 2021. Ethiopia was picked for the event, after fulfilling various requirements among interested peer African countries. The annual episode was skipped in 2020, due to covid19.


Ashenafi EndaleJune 29, 2021245

Africa needs to create 60 million jobs in post covid19, annually, in a bid to clear the backlogs, according to Vera Songwe, Executive Secretary of the Economic Commission for Africa (ECA). She stressed on Africa’s recovery during the ministerial meeting of Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET), in Addis Ababa, where the three states signed agreement to form a steering committee.


Ashenafi EndaleJune 9, 2021216

Electronic tax payment system dubbed e-tax is launched, in a bid to enable businesses to pay tax online. The Ministry of Revenue has signed agreement with five banks that includes Birhan International Bank, Dashen, Commercial Bank of Ethiopia, United Bank, and Awash International Banks, today at Hyatt Regency Hotel. Other banks are expected to follow suit.
e-tax is developed by Derash, a platform formed under the Information Network Security Agency (INSA). The system is highly expected to reduce taxpayers’ strains and queues while paying tax physically, at the ministry’s branches.

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