2merkato

The Ethiopian Privatization and Public Enterprises Supervising Agency is to lower the indicative price set for Ghion Hotel, Addis Ababa on the basis of recommendations received from external consultants, SAB Management and Development Consultancy according to sources.

The exact amount of the new price was not disclosed by the PPESA although officials confirmed that the indicative price will be lower than it was in the previous tender.

It is to be remembered that the agency had successfully offered a tender for joint venture for the hotel several times before putting it up for full privatization in the last financial year. The indicative price set at the time was not based on current research but extrapolations on the basis of research conducted at the time the hotel was being offered for joint ownership according to Wondafrash Assefa, Head of Public Relations with the PPESA.   

The ‘All Africa Energy Week’ event organized by the Economic Commission for Africa, the African Union and the African Development Bank is underway in Addis Ababa, Ethiopia.

The’ All Africa Week’ was endorsed by the AU Executive Council alongside the establishment of the Conference of Energy Ministers of Africa as a central coordinating body on the continental level for energy policies.

The event was planned to serve as a framework for evaluating the progress achieve in regards to energy infrastructure development and services and to facilitate consensus building on emerging issues, as well as coordinating high-level coordination of all energy sector players and stakeholders.

Ethiopian Airlines is prepared to launch e-freight for certain cargo destinations by the end of the current year in order to save time and minimize paperwork related to cargo shipments.

Ethiopian Airlines joined the e-freight initiative founded by the International Transport Association headquartered in Canada in 2004. The aim of the foundation in introducing the initiative was to eliminate paper work from the international air cargo supply chain.

The e-freight will enable to process paperwork on line eliminating airway bills that are on average twelve pages long.  The system will include requirements such as High Level Assessment and Detailed Level Assessment for the airline to meet.

The Central Statistics Agency of Ethiopia released the Household Consumption and Expenditure Survey Report for the 2010-11 year. All rural and urban areas were covered by the survey excluding three zones in afar and six zones in Somali.

The survey was broken down in to three major categories consisting of caloric consumption, expenditure levels and sources, and socio-economic indicators noted the agency.

The survey showed that urban areas have an average of 3.5 people in each household while the average number of people in a household in rural areas is 5.1 people in 2010/11 according to the Household Consumption and Expenditure Survey.