Latest Business Alerts

Ethiopian Airlines’ Five Star Hotel to Commence Operation

Ethiopian Airlines announced that its five star hotel, which is being built with the objectives of accommodating transit passengers and promoting stopover tourism, would commence operating in two months time, upon completion of its first phase construction.

According to Ato Tewolde Gebremariam, the Airline’s Group CEO, the first phase of the hotel will accommodate 373 cozy rooms when it begins service.

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Ethiopia: Africa’s First Waste-to-Energy Power Plant Inaugurated

The first waste-to-energy power plant in Africa was inaugurated in Addis Ababa on Sunday, August 19. The President of Ethiopia, Dr. Mulatu Teshome, inaugurated the Reppie waste-to-energy project which will generate 185 Giga watts Hour (GWH) annually using Addis Ababa’s dry waste. The plant is located southwest of Addis Ababa, commonly known as Koshe area.

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Ethiopia: A New Customs Management System Introduced

With a view to complying with international custom standards, Ethiopian Revenues and Customs Authority (ERCA) has introduced a new electronic Customs Management System (CMS) which will replace the existing Automated System for Customs & Data (ASYCUDA++). According to Ato Ababu Emiru, CMS project manager, the new system, by employing an intelligent risk management system, is expected to address the problems of the automated system. The project manager also said the electronic system will provide transparency in business transactions, and promote predictable and fast economical and clearance operations.

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Ethiopia: Export Trade Volume to Be Improved

Ethiopia plans to improve the volume of its export trade. According to the Ministry of Finance and Economic Cooperation, the plan is set to reduce the country’s USD 26 billion debt. The Ministry’s Communication Director, Ato Haji Ebsa, said the performance of the export trade was low and that there is a huge gap between its export performance and its external debt.

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