Latest Business Alerts

The Global Entrepreneurship Week Launched

The Global Entrepreneurship Week with more than 13 events planned to provide inspiration for up and coming entrepreneurs was launched in Addis Ababa.

The GEW is being held for the second time in Ethiopia and the fifth time internationally. The event will be held between 12th and 18th of this is month.

The GEW has expanded to 125 countries including Ethiopia this year with the aim to help an increasing number of people to engage in business it was noted at the opening ceremony held at the UN/ECA Conference Center.

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Ethiopia to Introduce New Customs Law

Ethiopia is to introduce a new customs proclamation designed to ease and modernize the custom processes in the country.
The Ethiopian Revenue and Custom Authority has already finalized the work required to amend the custom laws in an effort to simplify customs procedures according to Melaku Fenta, Director General of the Authority.

The amendment will be put before the Council of Ministers and the Parliament soon for final approval he said.

It is expected that new law will introduce structural adjustments in how the authority functions and in human resource management.

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Ethiopian Airlines Graduates 249 Trainees

The Ethiopian Airlines Aviation Academy graduated 249 with aviation maintenance technicians, cabin crew and marketing trainees with diplomas. Fifty-six cabin crew, forty-three marketing trainees and 51 aircraft technicians. Four of the graduates are from Tanzania.

The airline had the capacity to train no more than 25 professionals just 20 years ago but currently has built its capacity to increase the number of its trainees according to Tewolde Gebremariam, Chief Executive of the Ethiopian Airlines.

The airline aims to develop a leading Aviation Academy in Africa by offering international standard aviation training services as part of its Vision 2025 said Tewolde.

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Ghion Hotel Put Up for Bid at a Lower Price

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.   

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All Africa Energy Week Being Held in Addis

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.

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