4 January, 2022 - The Ministry of Finance has announced the purchase of 43 million 37 thousand 412 liters of palm edible oil from the Golden Africa Company in Djibouti to be distributed locally at an affordable price.
The Ethiopian Trading Business Corporation and the Ethiopian Industrial Inputs Development Enterprise signed the purchase contract. The Ministry of Finance guaranteed the 69 million 894 thousand 440 US dollars used for the purchase to the Commercial Bank of Ethiopia.
The purchase of palm edible oil will be completed within a year, and the Ministry of Finance coordinated the purchase in order to stabilize the price of cooking oil in the country. In a letter sent to the Ethiopian Businesses Trading Corporation and the Ethiopian Industrial Inputs Development Enterprise, the Ministry of Finance announced the sale price of a package of palm oil in Addis Ababa and outside Addis Ababa as follows:
Palm oil selling price in Addis Ababa
3 Liters --> Birr 314
5 Liters --> Birr 510
20 Liters --> Birr 2003
Regarding the cities outside of Addis Ababa, the transport service fee is 60 cents per quintal per km by considering the distance.
The Ministry of Trade and Regional Integration has also set a direction to notify the Ethiopian Trading Businesses Corporation and the Ethiopian Industrial Inputs Development Enterprise by allocating distribution quotas to the regional and city administrations in the usual way.
(Ministry of Finance)
The induction training was held on December 22, 2022 for new employees who recently joined the Ethiopian Trading Businesses Corporation. The training was organized by the Corporate Human Resources Development Directorate. The aim of the training was to introduce new employees to the overall aspects and procedures of the corporation.
Ato Mikre Tekle, a senior human resources expert, explained to new employees the rights and obligations of employees set out in the corporation's collective agreement and resource management guidelines.
The training was provided by selected departments, namely the Directorate of Corporate Human Resource Management, the Directorate of Corporate Legal Affairs, the Directorate of Corporate Ethics and Anti-Corruption Monitoring and the Office of Corporate Social Affairs.
The Ethiopian Trading Businesses Corporation participated on the 2nd International Coffee Conference and Festival that was held from February 6 to 8, 2020, at Millennium Hall, under the motto "Coffee from Land of Origins”.
The corporation displayed its export-quality Arabica coffee to international buyers, senior government officials, diplomats, representatives of coffee producers as well as local and foreign experts.
The three-days event was accompanied by a conference, exhibitions, activities including coffee tasting, traditional coffee ceremonies and barista competition. The event helped the corporation introduce its export business to worldwide customers and contract new ones.
ETBC exported 7,776,000 quintals of coffee and earned 1.85 million USD during the past six months.
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The Procurement and Training Services Trading Business Unit of ETBC held a 5-day training for Ethiopia Post procurement experts and heads of pertinent departments engaged in corporate procurement and tender evaluation tasks.
On the training held from December 5-9, 2022, at the premises of Ethiopia Post, participants were given experience-based training on the principles and execution of procurement, development tender document, tender evaluation and public procurement. The Training was delivered by well-experiences experts with years of experience on each training course.
At the end of the training sessions, trainees expressed their belief that the training would help them integrate their existing knowledge with current practices and, thereby, consolidate their professional practices. The fact that the training sessions were accompanied with sharing of practical experiences from both parties would help them enhance their capability of tackling recurrent procedural bottlenecks and setbacks in the course of their day-to-day activities, they said.
The trainers on their part said that the professional services provided by PCBU in the area of advancing the expertise of procurement professional helps not only in modernizing institutional procurement processes but also in producing skill personnel in respective fields on a national scale. |
The Ethiopian Trading Businesses Corporation and the FDRE Agricultural Transformation Agency (ATA) have signed a memorandum of understanding delineating sharing of best practices and data in order to facilitate each other’s performance in supporting partners and develop data-based plans in pertinent undertakings.
Signed on the 23th of October, 2019 at the HQ of ETBC, the MoU set out specifics of the joint effort, which mainly aims at exchanging commodity prices and related market data as well as outputs of studies and analyses carried out based on such data to help enhance the performance respective stakeholders, and specifically, of the smallholder farming communities the country.
It is stated that the joint effort helps ETBC support data-driven outputs which are required for agricultural transformation to enhance smallholder farmers, get best practices from ATA on data analysis and GIS, and work with ATA to transform data management in the agriculture sector. The agreement will offer benefits to ATA in terms of getting up-to-date info required in data-driven outputs and sharing best practice tools in data management that are employed in ETBC.
Strategies, policies and projects to be designed based on up-to-date and accurate data from the joint effort are believed to be crucial outputs of the joint effort in further benefiting smallholder farmers.
