The Ethiopian Ministry of Trade is to entrust its trade name registrations and licensing services to sub cities in Addis Ababa and regional states.

Previously businesses are required to approach the headquarters of the Ministry of Trade to get their trade names registered and obtain business license.

“By providing the service in all sub cities in Addis Ababa and regional states, we hope to become more accessible and give efficient services,” Deressa Kotu, Acting Director of the Ministry’s Business Licensing and Registration Directorate, told Walta Information Center.

He added, the entrusting those service to sub-cities and regions will reduce unnecessary loss of time and money.

“For instance, there is no need for those in other regions to come to the capital just to get the service, thereby avoiding needless loss of time and cost,” Deressa said.

It take four business days to register a trade name and acquire a business license; the ministry expects the service could be delivered in less than half an hour under the proposed arrangement.

Source: Walta