Home News Latest Business Alerts

Latest Business Alerts

Ethiopian Privatization Agency Earns 762 Million Birr

Email Print

The Privatization and Public Enterprise Supervisory Agency in Ethiopia announced that it has earned a total of 762 million birr in revenue over the first two quarters of the fiscal year from the various enterprises under its administration.

The revenue raised by the agency is less than the 1 billion birr target it had set but up 230 million from the same period last year.

The revenue was raised by 53 public enterprises administered by PPESA excluding revenue for agricultural enterprises, which accounts for the deficit from the target revenue according to Wendafrash Assefa, Head of Public Relations with PPESA.

Last Updated ( Wednesday, 22 February 2012 11:02 )
 

Cummins Filtration to Be Made Available in Ethiopia

Email Print

Cummins Inc has announced Dawaleh Technology and Trading plc as its official and sole distributor in Ethiopia.

Cummins specializes in the design and manufacture of heavy duty filtration systems, coolant, exhaust and fuel additive technology for all diesel powered engines.

 

Ethiopian Tax Authority to Restructure

Email Print

The Revenues and Customs Authority in Ethiopia is to undertake significant organizational restructuring and operational changes expected to be comprehensive.

Senior officials at the authority have launched a study to determine areas that require reform following recommendations from the office of the Ethiopian Prime Minster according to sources.

It is expected that changes will include the decentralization of operations at ERCA requiring adjustments to the organizational structure.

 

National Bank of Ethiopia Receives First Request for Gold Purchase

Email Print

National Bank of Ethiopia received its first request for 250 grams of 18 carat of gold from Teklu Desta Jewellery.

The order for the minimum amount set by the central bank five months ago by the regulation compelling goldsmiths to purchase gold bars exclusively from it as of November of last year.

Teklu Desta has become the first Jeweler to purchase the gold from the central bank with other goldsmiths discouraged by the higher rates set by the bank.

 

Airbus Team to Come to Ethiopia

Email Print

A delegation of senior executives from Airbus is expected to visit Ethiopia next week. The team from the European consortium will be lead by Francois Cognard, Vice President for Sales, Middle East and North Africa.

The Airbus team will hold a press conference presenting the company’s latest Global Market Outlook for the East African airline industry and providing an update on its aircraft programs, including the A350XWB.

The Airbus marketing team is promoting the long-range A330 aircraft to Ethiopian Airlines which has already placed an order for 12 Airbus A350XWB aircraft.

Last Updated ( Monday, 20 February 2012 09:09 )
 
  • «
  •  Start 
  •  Prev 
  •  1 
  •  2 
  •  3 
  •  4 
  •  5 
  •  6 
  •  7 
  •  8 
  •  9 
  •  10 
  •  Next 
  •  End 
  • »
JPAGE_CURRENT_OF_TOTAL

Follow 2merkato

Banner

Featured Company

2merkato's Services


Business News RSS Feed

Enter your email address:


RSS Feed Image Subscribe to this feed
Subscribe to this feed