Latest Business Alerts

Kaizen Seminar Held in Ethiopia

Kaizen, Ethiopia organized a seminar last Thursday on how to implement the philosophy of Kaizen in the country. The seminar was held at the Ethiopia Hotel.     

The Ethiopian Kaizen organized the seminar for those organization engaged in the areas of public relations and media with the aim of the promotion and dissemination of the concepts of Kaizen to a wider audience.

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Ministry Issues Implementation Strategy for Land Lease Proclamation

The Ethiopian Ministry of Urban Development and Construction issued a detailed implementation strategy for the proper enactment of the land lease proclamation on December 26, 2012.

The strategic plan helps with the proper implementation of the proclamation according to Israel Tesfaye, Head of the Ministry’s Land Development and Administration Bureau.

The plan aims at addressing issues including land development, rehabilitation and transfer as well as cadastral information management in a demarcated manner in the industrial zones. The implementation strategies are also expected to help embrace all zones within the lease system.

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Ethiopian Parliament Ratifies Double Taxation Fiscal Evasion Agreements

The Ethiopian House of Representatives ratified double taxation and fiscal evasion agreements with the governments of the Seychelles and the United Kingdom.

The agreement with the United Kingdom was signed in June of 2011 during the UK-Ethiopia Investment Forum, Taxes included in the agreement include Ethiopian income and profit taxes and taxes on income from activities in the agriculture, mining and petroleum sectors as well as UK income, corporation and capital gain taxes.

The strong bilateral relationship between the two countries means that the approval by the Ethiopian Parliament is welcomed by the UK said Greg Dorey, British Ambassador to Ethiopia.

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Ethiopian Authority Graduates 8 Air Traffic Controllers

The Ethiopian Civil Aviation Authority graduated eight air traffic controllers trained to use both Automatic Dependent Surveillance- Broadcast technology and Surveillance System Radar.

The training offered is part of the agreement between ICAO Technical Cooperation Bureau and the Ethiopian Civil Aviation Authority to train a total of 24 air traffic controllers.

The Automatic Dependent Surveillance- Broadcast technology is a more advance, accurate and cost effective as compated to the radar system said Muhammad Kuwaji, International Civil Aviation Organization (ICAO) Project Coordinator speaking at the graduation ceremony.

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Awash Winery Attracts Bid

Awash Winery, Ethiopia has attracted a bid higher than the starting price set by the Privatization and Public Enterprises Supervising Agency in the round of bids opened last week. The floor process set by the PPESA for Awash was 438,604,756 birr.

Blue Nile plc offered 458, 400,000 for the publicly owned winery which was much lower than the 277.4 million birr offered by Bosberi plc said Sileshi Tujji, Corporate Communications Expert with the PPESA.

The proposal presented by Blue Nile stipulated that it will pay 35% upfront and the rest over five years, Bosberi on the other hand offered to pay 30% before signing and the remainder at the handover.

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