Friday 27th 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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Win for workers in battle against Sheraton Addis PDF Print E-mail
By Muluken Yewondwossen   
Wednesday, 11 May 2016 14:51

Starwood merges with Marriott
The 65 workers terminated by Sheraton Addis two years back have finally secured victory after negotiations between Starwood Hotels and Resorts Worldwide, managers of Sheraton Addis, and the International Union of Food, Agricultural, Hotel, Restaurant, Catering, Tobacco and Allied Workers' Associations (IUF), a global federation of trade unions. Add a comment

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Systemic upgrade PDF Print E-mail
By Muluken Yewondwossen   
Wednesday, 11 May 2016 14:50

ERCA to improve documentation and evaluation
The Ethiopia Revenue and Customs Authority (ERCA), Ministry of Trade (MoT) and the National Bank of Ethiopia (NBE) are undertaking a joint study to harmonize discrepancies between letters of credit (LC) and import documents. Add a comment

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MoT increases supply as Addis demands more wheat, sugar PDF Print E-mail
By Tesfaye Getnet   
Wednesday, 11 May 2016 14:48

Addis Ababa has proven to be a city on the rise with an increased demand for food items at an unprecedented speed. The Ministry of Trade is increasing the city’s supply of wheat flour and sugar to keep up with the pace. Add a comment

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EDITORS' CHOICE

Failed to get Items, check your parameters!

POLL 1

1. Do you think the drought will affect next year harvest?

(220 votes)

26.8%   (59)
54.5%   (120)
18.6%   (41)
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POLL 2

2. Do you think water problem in Addis Ababa will be solved by next year?

(275 votes)

41.1%   (113)
35.3%   (97)
23.6%   (65)
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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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