Latest Business Alerts

International Firms Interested in ESLSE Management Contract

International firms are showing interest in the possibility of a contract to take over the management of the Ethiopian Shipping and Logistics Services Enterprise according to sources.

Dubai based, DP World, is said to be one of the companies who have expressed interest in running the Ethiopian enterprise. French logistics company Bolloré Africa Logistics is also known to have held talks with Ethiopian Prime Minister Hailemariam Desalegn and Diriba Kuma, State Minister for transport this week.

Bolloré Africa is aware of the multifaceted problems that the enterprise is encountering in meeting the demands of the Ethiopian import and export sector efficiently said Jason Reynard, East African Manager for the company speaking to Diriba.

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ERCA Negotiating for Independent Network Service

Ethiopian Revenue and Customs Authority is negotiating with ethio telecom to acquire independent network service. ERCA has requested ethio teleco to install a separate network service for reliable and efficient data transfer from cash register machines installed by taxpayers to its central servers. The project is estimated to cost ERCA about 40 million Birr.

The authority decided to acquire its own network because of the data transfer form cash register machines to the authority’s server is frequently disrupted by poor network connections.

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Chinese Auto Maker, Lifan Planning Expansion in Africa

Lifan Industry Group Co. a Chinese automaker, is set to expand in Africa with a $3.5 million investment on a new vehicle-assembly plant in Ethiopia, General Manager Liu Jiang said in an interview with Bloomberg.

Yangfan Motors PLC, Lifan's Ethiopia branch, is planning to start production in Ethiopia in the next five years, if sales continue to grow,General Manager Liu Jiang said.

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Ethiopia Considering New Energy Bill

The Ethiopian Council of Ministers is considering a new energy bill that will elevate the Ethiopian Electric Agency to an authority with additional regulatory authority and revenue generating capacity. The new bill will replace the one that has been in place for the last 15 years.

The new authority will be in charge of regulating energy conservation and efficiency, to set off grid tariffs, and to license private investors in electrical work according to the initial draft sent to the Ministry of Energy.

A board of five members has been suggested for the prospective authority should the bill be ratified.

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Ethiopian celebrates 1st anniversary as Star Alliance Member

Ethiopian Airlines celebrated its 1st anniversary as Star Alliance member in Addis Ababa. The airlines is working hard to expand its market share in the international Air service market said Yeshak Zeweldi Ethiopian Alliances and Strategic Plan Deputy President speaking at the event.

Joining the international alliance has helped Ethiopian to expand its market share and currently the airline is servicing more than 70 international destinations in four continents.

It is to be that Ethiopian Airlines, is showing the Logo of star alliance on all its aircraft since last December. Star Alliance officially welcomed Ethiopian airlines in a ceremony held on December 13 in Addis Ababa.

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