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[Nov 2017] Alsam Group Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Ministry Rations Imported Edible Oil, 40m litres Monthly

The Ministry of Trade (MoT) has rationed the 40 million litres monthly import of edible oil among nine businesses which were previously selected.

The nine businesses include three endowments, one government and five private companies. The MoT selected these out of 300 businesses which had been engaged in the importation of edible oil, of which 70 were still active when the ban was imposed.

Recently, the government decided to lift the ban which had been in place since 2011, preventing private companies from importing edible

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Government to Lift Ban on Private Companies’ Import of Palm Oil

The government, which has been reassessing the ban on the importation of palm oil by private companies, in effect since May 2011, is to lift the ban beginning August 6, 2015.

The lifting of the ban will still preclude the participation of previous major importers such as Get-AS International, Camel Trading Enterprise and Country Trading.

These were among the six major importers along with Al-Sam International and AHFA Plc, who had collectively imported 13 million litres of palm oil in 2011, which the government took from

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Repi Wilmar Alleges Seven Billion Birr Investment on 14 Factories

Establishing a Grade-1 construction firm or negotiating a deal with a Chinese construction firm – both in four weeks – are the options for the businessman who had Prime Minister Hailemariam Desalegn laying a foundation stone last week for what is claimed to be a seven billion Birr investment on 14 new factories.

Construction will begin on June 15, 2015, said Kamil Sabir, the managing director of the Repi Wilmar Manufacturing Complex on May 10, 2015, when the Prime Minister graced the huge tract of land, 100ha, which the company

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