Chargé d’Affaires a.i. of Azerbaijan Ruslan Nasibov made a statement, that says: I am honored to welcome you today to the Celebration of the 28 May – Independence Day. On that day, 104 years ago Azerbaijan Democratic Republic was established, becoming the first parliamentary democracy in the Muslim world, the first country in the Muslim […]

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Every year the tobacco industry costs the world more than 8 million human lives, 600 million trees, 200,000 hectares of land, 22 billion tonnes of water and 84 million tonnes of CO2. The majority of tobacco is grown in low-and-middle-income countries, where water and farmland are often desperately needed to produce food for the region. […]

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Ethiopian Sugar Corporation (ESC) says it has switched gears to handle the biding process to conclude swiftly rather than the usual trend. The new decision of India is stated as a threat for price hike, while on Friday, Ministry of Finance (MoF) gave its positive response for the process to procure the 200,000 metric tons […]

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The new investment incentive directive gives no tax exemption for education, training, printing industry and health services investments while on the contrary, it has given tax relief to alcohol related investments. In its 8th ordinary summit, the Council of Ministers approved the new directive for investment incentives. The bill gives the Ministry of Finance (MoF) […]

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About 20 bottled water producers have stopped their production as a result of shortage and price hike of materials according to information Capital has obtained from the Ethiopian Bottled Water and Soft Drinks Manufacturing Industries Association (EBWSDMIA). “Purified water bottling businesses are going down,” said Ashenafi Merid, General Manager of EBWSDMIA. Due to the shortage […]

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As per its agreements with the Ethiopian government, Safaricom- Ethiopia gears towards its commercial launch which will come to fruition, early April. “Our license states that, operation may start nine months from the date of the license award which is round about April this year. So starting early April we are working towards our commercial […]

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Ethio Telecom rejects the Investment Teaser ‘Project Nigat’ Partial Privatization of Ethio Telecom by Deloitte Consulting Limited released on 15 June 2021, which showed the initial asset valuation of Ethio telecom to be about 80 billion birr. “Ethio Telecom’s asset is not just 80 billion birr,” said Firehiwot Tamru, CEO of Ethio telecom whilst speaking […]

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The Addis Ababa Chamber of Commerce and Sectoral Association (Addis Chamber), the oldest private sector representative in Ethiopia, embarks massive reforms on the aim to boost its support for the private sector. The chamber announced that the reform includes changes in the leadership. On the statement the city chamber sent to Capital a couple weeks […]

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