The Ethiopian Investment Commission (EIC) is just declared winner of the prestigious ‘Strengthening IPA Advocacy Services’ Gold award 2021.The award is given to the EIC at the ongoing World Investment Conf. being held alongside the UNCTAD World Inv. Forum in Geneva, Switzerland.
#ETH power cost of tariff for industrial consumers stands at US cents 4/kWh (close to birr 2/Kwh). Compared to Kenya US cents 18/kWh, Egypt US cents 6/kWh, Uganda US cents 12/kWh, Tanzania cents 7/kWh, South Africa US cents 9/kWh, #ETH offered the cheapest cost of electricity.
The focus of the economic reform program we have implemented in the last 3 years focuses on modernizing the economy& the adjustment of macroeconomic fundamentals. We will continue to assess the current realities in #Ethiopia to ensure sustainable economic growth & development👇
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Happy Mesekel
Meskel (the True Cross), is the celebration of the finding of remnants of the actual cross on which Jesus was crucified. It is remembrance of Saint Eleni discovery the hiding place of the cross used at the crucifixion of Jesus by having bonfire on Sep 26.
1/3 Today 15/08/21 marks installation of huge rotor and stator of unit 10 of #GERD power plant. This is one of the 2 early generation units with capacity of 375MW each.
In another note, a delegation led by H.E the Deputy Prime Minister and Minister of Foreign Affaris of Congo,
The Government of Ethiopia has released an RFP for the Partial Privatization of Ethio-Telecom to invite proposals from interested parties who can add value to the company by bringing in best practices in operations, infrastructure management & technological capabilities.
Compilation of reforms @ethiopia_trade has implemented in <3 years to ease the business registration & licensing process👇
From liaising with its Gov't counterparts to digitizing its service delivery, notable changes have been recorded.
#ReformingEthiopia
https://t.co/0H45KqOyet
.#info_Mondays#DidYouKnow
Court cases are assigned at random & without any human interference in all benches of the Federal First Instance Court including commercial benches, allowing for transparent and efficient service delivery.
#ReformingEthiopia#Ethiopia#DoingBusiness
➡️you have a time sensitive commercial dispute
➡️you go to court only to find out commercial cases are handled in the same bench as that of civil cases
➡️large # of cases leads to your matter taking months/years to solve
Now imagine if there were dedicated commercial benches!
During a recent reform advisory forum on improving ease of doing business in #Ethiopia, 94% of the participants affirmed the importance of partial #outsourcing of #ConstructionPermit services in #Addis as an alternative solution, and 69% of them deemed it urgent.
Federal First Instance Court & Federal High Court have set up a total of 7 commercial benches specifically for commercial disputes related with contracts, banks and bankruptcy. This special segment explains the need for & role of commercial benches
https://t.co/WnqWqNMbPz
➡️you have a time sensitive commercial dispute
➡️you go to court only to find out commercial cases are handled in the same bench as that of civil cases
➡️large # of cases leads to your matter taking months/years to solve
Now imagine if there were dedicated commercial benches!
As part of the country’s initiative to draw investment, the government has been offering duty-free import privileges to importers involved in several sectors of the economy, including the hospitality industry. @addis_fortune
Where would you start if you wanted to register your business? How about get a construction permit or register your property? Answers are found on the Business Portal, developed to centralize info about gov't services, track requests status & provide important alerts. #Ethiopia