Partners are expecting additional revisions to address currency rate fluctuations, despite the government's significant move to implement the long-awaited electric tariff adjustment in June of last year, Capital learnt.
On June 20, 2024, the Council of Ministers (CoM) approved an adjustment to the power rate during its 36th regular meeting, which took effect on September 11, coinciding with the Ethiopian New Year.
This tariff change is part of a four-year plan designed to boost revenue and cover increasing infrastructure costs.
The aim of the reform, which has been delayed for two years for various reasons, is to address the growing operating and infrastructure expenses of Ethiopian Electric Power (EEP) and Ethiopian Electric Utility (EEU).
Under the new pricing structure, customers using up to 200 kWh of electricity will receive subsidies from EEU, which manages retail power supply. However,...
In contemporary discussions about economics, the dominant narrative is often shaped by neoliberal ideology, which emphasizes individualism and self-interest...
In an exclusive interview, we sit down with Dr. Mekonnen Negash, MD, DIHTM, a leading expert in maternal and child health in Ethiopia. With over 15 years of experience in the field, Dr. Mekonnen has been at the forefront of efforts to improve healthcare access and outcomes for mothers and children across the nation. As a passionate advocate for surgical services, he has dedicated his career to addressing the...
Coffee is one of the most important agricultural commodities globally and serves as the backbone of Ethiopia's economy. In addition to the farmers, there is also a lot of illegal coffee trading that is testing the traders who are engaged in the market. This requires an urgent solution and can lead to price instability and limited market access, so all stakeholders should be supported.
In an interview with Capital, Cheru...
Development of Rules of Procedure for Administrative Proceedings and Ethiopian Capital
Market Guidebook for the Ethiopian Capital Market Administrative Tribunal
1. Introduction
The Ethiopian Capital Market Administrative Tribunal (the "Tribunal") has been established in line with the Ethiopian Capital Market Proclamation No. 1248/2021 (the "Proclamation"). The Tribunal serves as a specialized body to adjudicate disputes arising under the Proclamation and related regulations. Its establishment is a significant milestone in fostering a robust and credible capital market in Ethiopia. By providing efficient, transparent, and fair resolutions to capital market-related disputes, the Tribunal aims to enhance investor confidence and uphold the integrity of the Ethiopian capital market.
To effectively operationalize its mandate, FSD Ethiopia supports the Tribunal in the following key areas:
• The development of Rules of procedure for administrative proceedings to establish a clear, consistent, and transparent framework for handling cases.
• The creation of an Ethiopian capital market guidebook for judges and lawyers, which will enhance understanding of the capital market ecosystem and its legal and regulatory underpinnings.
2. Project Background
2.1. About the Ethiopian Capital Market Administrative Tribunal
Ethiopian Capital Markets Administrative Tribunal serves a pivotal role in the financial regulatory framework, with its primary objectives being to maintain integrity and fairness in the capital market development. It operates as an independent adjudicative body, tasked with the responsibility of hearing and deciding cases related to capital market conduct. Its mission is to ensure that proceedings are conducted justly, expeditiously, transparently, and cost- effectively, thereby upholding...
Date: 24 January, 2025
The Office of the United Nations High Commissioner for Refugees (UNHCR), Representation Office in Ethiopia, Addis Ababa, invites qualified and registered Contractors / Suppliers to participate in the following tender:
SN TENDER SUBJECT CLOSING DATE1REQUEST FOR PROPOSAL (RFP): GENERAL MAINTENANCE OF BUILDINGS AT SUB-OFFICE ASSOSA AND UNHCR ASSOSA GUESTHOUSE IN THE BENISHANGUL-GUMUZ REGIONAL STATE, ETHIOPIA. – TENDER REF: RFP 1004 8 February 2025 23:59hrs
All the above tender documents can be requested for by sending an email to: ETHAOSUP@unhcr.org specifying the tender reference number in the subject. Working hours: Monday to Thursday from 08:30-13:00 and 14:00-17:30, Friday from 08:30-14:00.
Optionally, all the above- mentioned tender documents can be downloaded from the UNGM website: https://www.ungm.org (search for the documents using the tender reference number).
Submission of bids for the above RFP shall only be done through the UNHCR Cloud ERP platform.
SUPPLY MANAGEMENT SERVICES,
UNHCR ADDIS ABABA, ETHIOPIA
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AOW: Investing in African Energy brings together industry leaders to develop policy, share discoveries, secure investment, and shape Africa’s energy future. This year’s event will feature more than 1 600 senior delegates, 80 ministers and officials from 70+ countries and representatives of more than 760 companies.
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On the back of major investments from multilateral finance institution the African Development Bank, The Gambia is poised to increase its electrification rate to 70% – 50% in rural areas – by the end of the year. In the wake of the country’s burgeoning energy sector, The Gambia’s Minister of Petroleum and Energy Nani Juwara will participate as a speaker at this year’s African Energy Week (AEW): Invest in African Energy 2024 conference, which takes place in Cape Town from November 4-8.
The Gambia represents...