Latest Business Alerts

Access Survey On Inflation Released

Inflation rates for food items were mixed in the last quarter of the financial year according to a research released by Access Capital.

The inflation on important food items showed some increases compared to the last financial year according to the report. Some improvement however was observed in the price of other food items like cooking oil.

Items that showed a double digit increase in this quarter of the year were teff, table salt, green pepper, and onion while Broccoli showed a 200 percent increment. On the other hand a price decrease was seen on the price of some construction materials like iron, cement, and cables while wood materials have also increased in double digits.

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DP World to Launch Operations in Ethiopia

DP World is interested in launching operation in Ethiopia to build dry port facility near Addis Ababa and managing logistics with the Ethio-Djibouti corridor according to a senior manager.

Back in October the senior official of DP world, Joost Kruijning, Vice president and managing director for Middle East & Africa, and Hans de Jong, regional commercial director for the same region, were in Addis Ababa to speak with the Ethiopian officials.

They presented their proposal to Ahmed Tusa, managing director of Ethiopian Shipping & Logistics Services Enterprise (ESLSE), and his deputy, Alemu Ambaye.

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Ethiopian Quality Awards Registering for Third National Awards

The Ethiopian Quality Award announced that it has finished its preparations to start the registration of organizations for the third national quality award at the end of the year.

The registration will start in the mid of December 2012 according to Michael Melaku, managing director of EQA.

Manufacturers, constriction companies, service providers, profit making and non-profit making organizations are all invited to compete. EQA has also prepared a self assessment manual for competitors for the first time this year according to the announcement.

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Ethiopia Drafts Labor Agreement for Citizens Employed in the UAE

The Ethiopian government has drafted a new labor agreement to protect the rights of Ethiopians working in the United Arab Emirates as domestic workers.

The agreement includes minimum wage, mandatory insurance as well as ensuring the protection of elements of worker’s rights and is to be handed to the UAE embassy in Addis Ababa according to sources.

The agreement if implemented could end the ban placed on Ethiopian traveling to the UAE for work.

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Ethio-Kenya Special Status Agreement Signed

The Ethiopian and Kenyan governments signed a Special Status Agreement to facilitate trade between the two neighbors.
Ethiopia is committed to enhanced trade and investment between the two countries according to Hailemariam Desalegn, Ethiopian Prime Minister speaking at the time.

Trade between the two countries should particularly focus on textiles, food complexes, agriculture, raw materials and well as value addition noted Hailemariam.

It is time for East Africa to invest in import substitution by taking steps to produce industrial goods at home he added. External investment will require infrastructural development and appropriate incentive packages for investors said Hailemariam.

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