Latest Business Alerts

Residential Address System Project Progressing in Ethiopian Capital

The project to execute a modern residential address system in Addis Ababa, Ethiopia is showing promising progress according to the Integrated Land Management Information Project Development Office.

The program was launched in two sub-cities as part of the plan to set up an address system dividing streets, blocks and house numbers.

A manual has been prepared to help number each street and house in partnership with hansa Luftbild Consulting, a German company according to Ephrem Belete, Office Unit Coordinator. An address map has already been developed for two woredas and 98% of sign posts have already been put up he said.

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Ethiopia Approves New Standards for Goods & Services

The National Standards Council of Ethiopia approved 536 additional standards on goods and services. The new standards are part of the national strategic goals explained Legesse Genre, Director of the Ethiopian Standards Agency.

The standards for cement, fertilizers, metal products, health care equipment, pumps, leather and leather products were approved by the NSC. Twelve health care facility standards are compulsory out of the total of 536 standards.

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Inflation in Ethiopia Fell to 29.8% in April

The year on year inflation rate in Ethiopia fell to 29.8% in April from 32.5% in March showing a decrease for the second straight month according to the Central Statistics Agency.

Year on year food prices also lowered to 36.7% from 40.9% in March while non-food inflation decreased to 19.6% from 20.4% the previous month said the agency.

The inflation rate month on month also decreased to 2.1% in April from 4.6% in March showed the statistics.

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Ethiopian Revenues Request Procurement Lists from NGOs

The Revenues and Customs Authority of Ethiopia has requested that all Non Governmental Organizations to submit their service and goods procurement lists for the past four years.

ERCA has requested that the NGOs received a letter from the authority with an attached form to deliver the requested information according to sources. The organizations are expected to deliver the information within a month.

The NGOs are expected to state the name of their suppliers for goods and services procured in the past four years along with their tax identification number. The authority requires all goods and services procured in the country and imports to be filled out on the form with the full information of the providers.

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Ethiopian Bethlehem Tilahun Named Social Entrepreneur of the Year at World Economic Forum

Ethiopian Entrepreneur Bethlehem Tilahun, founder and Chief Executive of Sole Rebels footwear was selected by The Schwab Foundation for Social Entrepreneurship for the Social Entrepreneur of The Year Award at the 2012 World Economic Forum on Africa. The World Economic Forum is taking place in Addis Ababa from the 9th of May to the 11th.

The panel for the award included Quincy Jones, American music icon and Muhammad Yunus Nobel Prize Laureate and father of microfinance amongst other international luminaries.

Bethlehem is the first Ethiopian to win the award.

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