Ethiopian government has dropped plan to tax dividends which remain undistributed to shareholders. Tax on dividends should only be paid after part of the net earnings are paid to shareholders, Sufian Ahmed, Minister of Finance & Economic Development, said reassuring the business community attending the annual Public-Private Dialog, held at the UNECA, on Thursday, June 27, 2013.
Add a comment Add a commentThe Ethiopian Civil Aviation Authority (ECAA) is planing to deploy radar for Area Navigation Surveillance which improves safety and increase the Airport's efficiency.
The system is expected to be operational within six months, according to Bizuayehu Assefa, Director for Air Traffic Service with the Authority. Add a comment Add a commentSaudi Cargo has announced plans to start transporting meat from Ethiopia to Europe by the end of 2013. It has selected five Ethiopian exporters; Hashim Nuru Slaughter, Luna Expert Slaughter House, Modjo Modern Export, Elfora Agro Industry and Export and Organic Abattoir Slaughter for the operation.
Ethiopian Kaizen Institute awarded nine enterprises for excellence in ‘Kaizen’ implementation, a Japanese business philosophy of operational excellence.
At a ceremony held today at Sheraton Addis, Wonji Shewa Sugar Factory, Metehara Sugar Factory and Addis Modjo Edible Oil Complex received the excellence award from Mekonnen Manyazewal, Industry Minister. Speaking on the occasion, Mekonnen said efforts to properly implement Kiazen methodologies in all industrial institutions will continue. Getahun Tadesse, Director General of Ethiopian Kaizen Institute said Kaizen methodologies are being implemented in 108 institutions across Ethiopia. Add a comment Add a commentNicon PLC, an Ethiopian transit and cargo company, has announced plans to establish electric bicycles assembly plant in Ethiopia.
The company has secured land for the plant at a cost of 10 million Ethiopia birr and says it will start producing Ethiopian made bikes within a year. Add a comment Add a comment
