Latest Business Alerts

HMH President Visits Ethiopia

The President of Hospitality Management Holdings, Mr. Michel Noblet visited Ethiopia on a consultative trip. Noblet was interested in exploring opportunities for HMH in his visit here it was learned.

He met with several government officials in his time here including Amin Abdulkadir, Minister of Culture and Tourism, Yonas Desta, General Director of the Authority for Research & Conservation of Cultural Heritage and United Arab Emirates Ambassdor Extraordinary in Ethiopia Dr. Yousif Eisa Hassan Al Sabri it was learned.

There tourism and hospitality sectors in Ethiopia are growing significantly and welcome external input said Abdulkadir in his meeting with Noblet. The development of human resources in this sector is a priority in which input is highly sought he added. Add a comment Add a comment

Ethiopian Chamber to Open Academy

The Ethiopian Chamber of Commerce and Sectoral Association is to launch a training center that will focus on leadership and management in the business community. It is expected that the academy will begin operations in the coming three months.

The idea was initiated to enhance the leadership, management and entrepreneurship skills of its members in and other large enterprises Wube Mengistu, Head of the Plan, Project and Trade Development Department at ECCSA.

The feasibility study for the center was conducted at a cost 17 thousand birr by experts and instructors from the Business Faculty of Addis Ababa University. The study was financed by funds acquired to United Nations Development Program said Endalkachew Seme, Deputy Secretary General and Manager of the Advocacy Department. Add a comment Add a comment

Ethiopia to Protect National Flag Carrier

The Ethiopian Ministry of Transport explained to members of the House of Peoples Representatives that it is committed to protecting some of the national market for the national flag carrier, Ethiopian Airlines.

The ministry is particularly aware of the threat from carriers based in the oil rich countries of the gulf which have an unfair competitive edge due to their cheaper air fare explained Diriba Kuma, Minister of Transport.

These airlines have an unfair advantage because they have better access to fuel which has become a significant challenge for Ethiopian according to Diriba. Add a comment Add a comment

Deloitte to Develop Businesses in Ethiopia

Deloitte is to develop agribusinesses, finance and mining efforts alongside its consulting work in Ethiopia. It will conduct its business efforts alongside its consulting tasks said Sammy Onyango, Chief Executive Officer for Deloitte East Africa.

The company came to the decision to partner with domestic advisory and accountancy firm HST to take advantage of Ethiopia’s human resources and significant economic development he explained.

The partnership between HST and Deloitte was registered with a capital of 1.1 million birr Deloitte is expected to offer management consultancy, senior management training services, and tax advisory. Add a comment Add a comment

Artistic Announces 10 Million Birr in Profits

Artistic Printing Enterprise Ethiopia announced that it had earned more than 10 million birr in profits during the last budget hear.

The enterprise was able to earn more than double what he had earned in the previous fiscal period said Teka Abadi Director General of the Enterprise speaking at the eight-second founding anniversary of the enterprise held in Hawassa.

The enterprise earned its profit from the printing services it offers including the printing of magazines, books, labels as well as diverse advertisements said Teka. Add a comment Add a comment