Monday 30th May 2016

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Surprise duty by ERCA leaves importers on edge

Surprise duty by ERCA leaves importers on edge

Companies, mostly importers, have been asked to pay hundreds of millions of birr by the Ethiopian Revenue and Customs Authority (ERCA), with one company asked to settle as much as 65 million birr, ....

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ERCA drop charges against Haron

ERCA drop charges against Haron

Charges against Haron Computer PLC, a major sales register machine supplier, and its Managing Director have been dropped, according to sources at Ethiopian Revenue and Customs Authority (ERCA).

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ERCA drop charges against Haron

ERCA drop charges against Haron

Charges against Haron Computer PLC, a major sales register machine supplier, and its Managing Director have been dropped, according to sources at Ethiopian Revenue and Customs Authority (ERCA).

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Marathon Motor to inaugurate two facilities

Marathon Motor to inaugurate two facilities

Marathon Motor Engineering is set to inaugurate two facilities in Addis Ababa and Hawassa with an overall investment of over 117 million birr. The facility located in Addis Ababa is a six storey bu....

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McVitie’s Digestive Biscuits

McVitie’s Digestive Biscuits

Fame Impex Trading Plc announced officially that it  will start distributing in the Ethiopian market McVitie’s Digestive Biscuits, a global brand present in over 130 countries, with a strong her....

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Indaba 2016 sees the largest number of attendance yet

Indaba 2016 sees the largest number of attendance yet

Africa’s largest travel trade show was held in Durban South Africa from 7 to 9th  May 2016. The trade show was visited by over 5000 delegates, buyers and exhibitors from across Africa.

I....

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Drought or floods, clean water a must

Drought or floods, clean water a must

The government is working to provide clean water and water treatment to those in drought and flood affected areas, with a budget of 1.7 billion birr.

Water shortages have been severe in are....

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Condo crime high, Ministry study reveals

Condo crime high, Ministry study reveals

Addis Ababa’s condominiums are becoming sites of criminality, according to a new study from the Ministryof Urban Development and Housing (MUDH).  The study revealed incidents of looting, sexual ....

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Africa’s growth slows down, but rate still above global average

Africa’s growth slows down, but rate still above global average

Economic growth across Africa is likely to remain slower in the coming years than it has been over the past 10 to 15 years, according to Ernst & Young (EY).

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Twelve international hotel chain development projects in the pipeline

Twelve international hotel chain development projects in the pipeline

Ethiopia attracted 12 international hotel chain development projects that are in the pipeline for the year 2016, according to a report by W Hospitality Group. The report states that the hotel proje....

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Investment Commission reaches an agreement with Auditor General PDF Print E-mail
By Muluken Yewondwossen   
Monday, 30 May 2016 07:46

The Ethiopian Investment Commission (EIC) disclosed that it reached an agreement with the Federal Auditor General Office’s (FAGO) audit finding, while the office stated that the commission and its board is providing incentives without strong follow-up. Add a comment

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Dum wins award battle to host New Year’s Eve bazaar PDF Print E-mail
By Muluken Yewondwossen   
Monday, 30 May 2016 07:45

Dum Media Promotion PLC has sealed a deal with Exhibition Center and Market Development Enterprise (ECMDE) to host the New Year’s Eve bazaar to be held at the Addis Ababa Exhibition Center. Add a comment

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High number of foreign delegations of investors visit Ethiopia this week PDF Print E-mail
By Muluken Yewondwossen   
Monday, 30 May 2016 07:44

Over the week, several delegations with investment interests in Ethiopia have visited the country according to Arkebe Oqubay (PhD), Special Advisor to the Prime Minister, who said that about five delegations from different countries have also met top government officials. Add a comment

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PANKHURST'S CORNER

The Dramatic History of Addis Ababa Part 13: The Beginnings of Cabinet Government

The object of the present series of articles is to consider how the founding and early growth of Addis Ababa witnessed Transformation in other fields of Ethiopian economic, social and political life. read more...

ENTREPRENEUR PROFILE

Name: Ashenafi Bekele
Education: Diploma in Automobile Engineering
Company name: Ashenafi General Metal and Machinery Factory
Studio title: General Manager
Founded in: 2014
What it does: Producing household machineries
HQ: Kazanchis read more...

DOING BUSINESS

Last week we discussed how to deal with our time management, also in relation to doing business with foreign investors. read more...

BUSINESS & ECONOMY

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