Latest Business Alerts

Ethiopia and Vietnam Signed MoU for Bilateral Air Transport

Ethiopia and Vietnam have signed a Memorandum of Understanding (MoU) to begin bilateral air transport, according to a statement the Ethiopian Civil Aviation Authority sent to Ethiopian News Agency. The MoU was signed following a two-day discussion held between officials of civil aviation authorities of the two countries in Hanoi from 11-12 July 2013.

Director-General of the Authority Col. Wossenyeleh Hunegnaw signed the MoU with his Vietnamese counterpart Vo Huy Cuong. Col. Wossenyeleh on the occasion said the MoU will significantly contribute to strengthen economic relation between the two countries. Add a comment Add a comment

Ethiopian Revenue Authority Collects 84.2B Birr in Revenue

The Ethiopian Revenue and Customs Authority said it has collected over 84.2 billion Ethiopian birr revenue during the just ended Ethiopian Fiscal Year.

The Authority told Ethiopian News Agency on Tuesday that the revenue collected showed an increase of 13.56 billion birr compared to the amount collected in the previous budget year. Add a comment Add a comment

National Bank of Ethiopia Opened Bids for Checkbooks Printing

The National Bank of Ethiopia has opened bids of five international companies for printing of standardized checkbooks.

The NBE floated a tender for the supply of MICR enabled cheques in May 2013 following a decision by the central bank and Ethiopian Bankers Association to standardize cheques with additional security features in order to speed up cheque clearing and settlement with security. Add a comment Add a comment

Habesha Brewery Offers Additional Shares for Sale

Habesha Brewery is offering additional 300,000 shares to its existing shareholders after failing to get adequate bank credit.

Habesha has plant to install a brewing plant with annual capacity of 500,000 hectoliters in Debre Berhan Town, 120 KM outside of the capital, Addis Ababa. Add a comment Add a comment

Ethiopian Diaspora Business Forum Scheduled to be Held in Washington D.C.

The 8th round of the Ethiopian Diaspora Business Forum and the 2013 Pioneer Diaspora Awards Luncheon, is scheduled to be held in Washington DC, on July 27, 2013.

This years event will focus on investment opportunities in agri-business, agro-processing and financing and value chain development opportunities in select sub-sectors for Diaspora Investors, according to the organizers. Add a comment Add a comment