Latest Business Alerts

Ethiopian Airlines Resumes Flights to Djibouti

Wednesday, 15 June 2011

Ethiopian Airlines said that it started again flights to neighbouring Djibouti which had been temporarily suspended because of ash cloud from a volcanic eruption in Eritrea. The ash cloud has cleared. 

Flights to some cities in northern Ethiopia like Mekele, Gonder, Axum and Bahir Dar, and Khartoum, the capital of Sudan, remain suspended, the airlines said today.
The volcanic eruption which caused the temporary suspension of flights to destinations in northern Ethiopia occurred early Monday morning at Dubbi, 350 km north of Asmara, the capital of Eritrea.

Ethiopian Airlines had to cancel flights as reported here due to the volcanic ash.

Source: Bloomberg

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South Ethiopia Earns 71.6 Mln Birr from Tourism

Wednesday, 15 June 2011

Culture and Tourism Bureau of the Southern Nations, Nationalities and People's State said it had collected over 71.6 million birr income from tourism.

Mikias Israel, deputy head of the bureau said yesterday that the 71.6 million birr was obtained from 403,470 local and 72, 537 foreign tourists who visited attraction sites in the region over the last nine months.

Mikias said the amount of the income obtained and the number of tourists who visited the region over the last nine months had increased by 56 percent and 45 percent respectively, in comparison with the same period the previous year.

Expansion of infrastructures such as road, telecommunications, electricity and tourists' facilities as well as extensive promotion made by the bureau contributed to the income and increase in number of tourists, he said.

The region is rich with sites of natural and historical attraction like crocodile ranches, hot springs, caves and waterfalls among others and Mikias said the Bureau was doing its best to exploit these.

Source: Walta Information Centre

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Tourist Facilities to Be Classified Anew

Thursday, 9 June 2011

The Ministry of Culture and Tourism said Tuesday that it had finalized preparations to apply a new classification for tourist facilities.

Manpower, quality of utensils, interior and exterior scenery, and care for customers' security are among the classifying criteria, Tadelech Dalecho, Minister of State for Culture and Tourism, said. And it will be revised at the interval of three years.

Tadelech said that the former classification had to be changed for it was no longer compatible with international standards. She said new classification would be given to hotels from one to five stars level, including deluxe, restaurants, lodges and pensions from 13 June 2011 onwards. Implementation of the new classification will start throughout the country before the current fiscal year ends in collaboration with regional bureaus of tourism, Tadelech said.

She called upon tourist facilities to provide all relevant information to pertinent bodies.

Source: Ethiopian News Agency

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Entrepreneurship Awards Made Available for All Africa

Ten African entrepreneurs to be honoured

Thursday, 9 June 2011

For the first time this year, since its foundation in 2007, Africa Awards for Entrepreneurship, is open to applicants from countries all over the continent, Omidyar Network, a philanthropic investment firm and Legatum, a private international investment group, said Wednesday.

Profitable, growing enterprises whose earnings are about one million dollars to 15 million dollars a year are expected to win 100,000 dollars and five other companies will receive awards of 50,000 dollars each.

In its fourth successful year, the Africa Awards for Entrepreneurship honours and rewards African business leaders who have demonstrated the entrepreneurial spirit and embodied the qualities needed to be successful in business. The Award evaluates applicants on important points like profitability, return on investment and growth; investment in employees; long-term business strategy; culture, values and leadership; innovation to address market needs and contribution to the community.

This year's award follows on the success of last year's programme which accepted more than 2,700 applications from 15 countries as well as 18 different industry sectors. The 2010 awards event was attended by 250 business leaders and influencers. And it saw ten finalists selected from Ethiopia, Botswana, Kenya, Ghana, Uganda and South Africa.

When it was founded four years ago, the Africa wards for Entrepreneurship programme had accepted only five countries but it has now grown to including all countries of the continent. The announcement of this year's Africa Awards coincides with the publication of a report on entrepreneurship in sub-Saharan Africa by the Legatum Institute, the publishers of the 110-country Global Prosperity Index. The report says that entrepreneurs are the "enablers of growth" who break down economic barriers and social constraints and that entrepreneurship and access to opportunity are by far the most highly correlated indicators of a nation's overall prosperity. The Gala Awards banquet on December 8 in Nairobi will be preceded by an inaugural high-profile, one-day conference on entrepreneurship, Convergence: Africa, headlined by a globally-recognised champion of entrepreneurship.

This year's Africa Awards will honour ten finalists and winners in the presence of an international audience of leading business people, investors, policymakers, and entrepreneurs.

Source: The Botswana Gazette

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