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Ethiopia partners with POSCO, a South Korean steel manufacturer, to replace metal & metal products imports.

Ethiopia partners with POSCO, a South Korean steel manufacturer, to replace metal & metal products imports.

by AllureAdmin | Apr 19, 2022 | Business

Ethiopia partners with POSCO, a South Korean steel manufacturer, to replace metal & metal products imports. POSCO is involved in exports, imports, triangular trade, and domestic sales of steel products and is one of the largest steel manufacturers globally....
The Ethiopian Government allows free imports of essential goods by waving 27 billion ETB in tax to tackle inflation.

The Ethiopian Government allows free imports of essential goods by waving 27 billion ETB in tax to tackle inflation.

by AllureAdmin | Apr 8, 2022 | Business

Each year “Addis Weg” (Addis Talks) facilitates a roundtable discussion with various experts held at the Office of the Prime Minister of Ethiopia. This year’s theme was the factors that cause a rise in the cost of living and measures for solving...
Kuva launches an e-commerce platform called Kuva Local in Ethiopia to facilitate diaspora trade.

Kuva launches an e-commerce platform called Kuva Local in Ethiopia to facilitate diaspora trade.

by AllureAdmin | Feb 7, 2022 | Tech

Kuva launches Kuva Local in Ethiopia, Kenya, Namibia, and South Africa to facilitate diaspora trade. Kuva, the decentralized finance (DeFi) peer-to-peer payments network, created Kuva Local with an exclusive partnership with Alliance Insurance. Users can add...
Kenya National Bureau of Statistics (KNBS) reports that iron & steel imports raise to KES 120.77 billion (69%).

Kenya National Bureau of Statistics (KNBS) reports that iron & steel imports raise to KES 120.77 billion (69%).

by AllureAdmin | Jan 10, 2022 | African News

The 69% increase in iron and steel imports shot up Kenya’s import bill and placed iron and steel products in third place after petroleum and machinery imports. KNBS reported that the total value of imports amounted to Sh541.9 billion in the third quarter of 2021...
Afreximbank commit $500million to support Ethiopian Commercial Banks.

Afreximbank commit $500million to support Ethiopian Commercial Banks.

by AllureAdmin | Nov 30, 2021 | Business

The African Export-Import Bank (Afreximbank) has pledged US$500 million to support Ethiopian commercial banks through the Afreximbank Trade Facilitation (AfTRAF) Program, which includes a variety of products aimed at increasing intra-extra African trade volumes,...
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