Latest Business Alerts

Ethiopia and South Korea Agree on Industrial Cooperation

Ethiopia and South Korea signed a Memorandum of Understanding on industrial cooperation. The agreement was reached at a summit during Ethiopian Prime Minister Meles Zenawi’s visit to Seoul.

South Korea will support Ethiopia’s textile and leather sectors through sharing experience and know-how said the office of President Lee Myung-bak.

The relationship between the two countries is moving along rapidly said President Lee. He expressed hope that the visit from the Ethiopian premier will enhance cooperation.

Add a comment Add a comment
Read more...

New Fees to be introduced by Ethiopian Cargo

Ethiopian Cargo is to introduce new fees for various services it offers in Ethiopia. The new fees are expected to include charges for security screening, port handling, terminal use and terminal transfers. There were no charges for these services provided previously.

Fees will be modeled on what Ethiopian Airlines has been paying in external airport terminals. Such charges are common to goods shipped by private companies in other countries according to industry experts.

Add a comment Add a comment
Read more...

Ethiopian Airports Enterprise to Introduce Bonded Warehouse

The Ethiopians Airports Enterprise announced plans to inaugurate an 18 million birr bonded warehouse in Bole International Airport, Addis Ababa, Ethiopia. The warehouse will be used to store duty free goods. 85% of the construction of the bonded project has been finalized said Wondim Teklu.

The construction will be completed when the machines required to assemble more buildings are brought in he explained. The construction is being undertaken by Mesfin Industrial Engineering PLC.

The bonded warehouse allows the deferment of duty payment until the goods are moved.

Add a comment Add a comment
Read more...

Imports Dominate Ethiopian Home and Office Décor Expo

The Ethiopian Home and Office Décor Expo, 2011 was dominated by imported goods it was said. The Expo was organized at the Addis Ababa Exhibition Center by the HPP Exhibition Company, Netherlands.

Various furniture companies took part in the exhibition, while products on show were said to be imports from East Asia.

Customers opt for imports because they can’t find what they want locally produced said Meron Hailu General Manager of Dream Furniture. Dream furniture imports furniture from Malaysia where good leather and bamboo products are to be found according to Meron.

Add a comment Add a comment
Read more...

Boeing Dream Tour to Include Ethiopian Capital

Boeing is to begin a six month international tour to promote the 787 Dreamliner. The tour is expected to make a stop in Addis Ababa, Ethiopia between the 11th and 16th of December.

Ethiopian Airlines purchased 10 of the Boeing Dreamliner aircraft in 2005 and expects to take charge of two next year.

The Dream Tour aircraft has been specially fitted to highlight the capabilities of the aircraft and cabin features.

Add a comment Add a comment
Read more...

Exchange Rates

Selling
Buying
USD 38.9583  38.1944 
EUR 46.9175  45.9975 
GBP 49.6540  48.6804 
CAD 27.2256  26.6918 
AED 9.5978  9.4096 
CHF 41.3345  40.5240 
USD 38.8126  38.0516 
GBP 49.4239  48.4548