Latest Business Alerts

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

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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

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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

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Ethiopian Micro Enterprises Create 71088 Jobs

Micro and Small Enterprises in the Ethiopian capital have created 71,088 jobs in the last six months alone according to the Addis Ababa City Administration Micro and Small Enterprises (MSEs) Development Bureau.

This number is just 81 percent of the target 88102 jobs that the bureau had set for the period according to Leulseged Yefru Head  of the Bureau.

The construction sector alone was responsible for creating more than 43 thousand jobs accounting for a significant portion of the total said Leulseged. The manufacturing sector was able to employ almost 12 thousand people, urban agriculture created an estimated 3 thousand and the trade and service sectors together created more than 13 thousand jobs he explained.

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Ethiopian Airlines to Expand Aviation Academy

The Ethiopian Aviation Academy announced that it is in the process of a large scale expansion project expected to cost an estimated 50 million US Dollars.

The academy is undertaking the expansion as part of its effort to increase its enrollment capacity to meet the ever increasing demand from trainees interested in its basic and recurrent training programs explained Tewolde Gebre-Mariam, Chief Executive Officer of the airline.

The expansion project will include the construction of buildings and supplying the Academy with computer based trainings, modern training aircraft, simulators, and other high tech facilities he said. Add a comment Add a comment

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