MoU

Ethiopia and UAE Agree to Trade with Local Currencies

Ethiopia and UAE Agree to Trade with Local Currencies

Ethiopia and the United Arab Emirates have reached an agreement to trade using their own currencies. The central banks of both countries have agreed to swap their currencies based on their current purchasing powers, amounting to 46 billion Ethiopian Birr and 3 billion UAE Dirhams. The memorandum of understanding was signed in Addis Ababa, allowing the two nations to conduct transactions in Birr and Dirhams in addition to the US dollar. The agreement was formalized by Mamo Mehretu, Governor of the National Bank of Ethiopia, and Khalid Mohamed Balama, Governor of the Central Bank of the United Arab Emirates. The…
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Kuwait Signs Agreement to Hire Ethiopian Domestic Workers

Kuwait Signs Agreement to Hire Ethiopian Domestic Workers

Ethiopia and Kuwait have signed a memorandum of understanding (MoU) in Addis Ababa to collaborate on foreign employment initiatives. The agreement was signed by Ethiopia's Minister of Jobs and Skills, Muferihat Kamil, and the Ambassador of Kuwait to Ethiopia, Naif Hannes Al Otaibi. The signing ceremony was attended by the Minister of State for Work and Skills Solomon Soka, Daniel Teresa, Ethiopian Ambassador to Kuwait Saeed Muhammad, Kuwaiti Ambassador to Ethiopia Naif Hannes Al Otaibi, and other senior officials from both countries. The MoU aims to create a cooperative environment where the rights and interests of Ethiopians employed in Kuwait…
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Ethiopia and Somalia agrees to protect migrant workers

Ethiopia and Somalia agrees to protect migrant workers

The two countries of the Horn of Africa have signed an agreement in Addis Ababa to protect the safety of migrant workers in their countries. This agreement, which was signed under the coordination of the International Labor Organization or ILO is aimed to enable cooperation, protection and to be done on the safety of workers. The agreement was signed by the president of the Confederation of Ethiopian trade union Association, Mr. Kasahun Folo, his Somalia counterpart, Omar Faruk Osman, and the ILO Horn of Africa Coordinator, Alexio Musindo. Mr. Kasahun said that the MOU would ensure the safety of Ethiopian…
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Ministry of Transport, Ethio Telecom & Petroleum Supply Enterprise Sign MoU

Ministry of Transport, Ethio Telecom & Petroleum Supply Enterprise Sign MoU

Ministry of Transport, Ethio Telecom, and Ethiopia Petroleum Supply Enterprise have signed a memorandum of understanding on the National Fuel Subsidy System today. It is to be recalled that the government of Ethiopia has been working to lift fuel subsidy on selected transport sectors. Ministry of Transport, Ethio Telecom, and Ethiopia Petroleum Supply Enterprise have today signed MoU to implement a digital  fuel subsidy system.    Transport and Logistics Minister, Dagmawit Moges, CEO of Ethio Telecom Frehiwot Tamru and   CEO of Ethiopian Petroleum Supply Enterprise (EPSE) have signed the MoU. It is indicated that the National Fuel Subsidy System will…
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