2merkato

The annual inflation rate in Ethiopia remained at 20% in July according to data revealed this week. Month-on-month prices remained unchanged for the third consecutive month revealed the data.

The pace of increase in food prices, however, has marginally slowed down showed the data. Food inflation decreased to 20.7% from 21.5% and non food inflation fell to 19.8% from 19%.

The year on year inflation rates showed signs of alleviating from 20.9% in June noted the Central Statistics office.

Ethiopian Airlines announced that it expects to take delivery of its first Boeing 787 Dreamliner on the 14th of August in Seattle, Washington.

The airline is proud to be the first airline from Africa, the Americas, Europe and the Middle East to take delivery of the Dreamliner and to be able to offer its passengers the unique flight experience offered by this aircraft.

Ethiopian is the only airline, other than Japan, to receive the new class of aircraft affirming its pioneer status in African aviation said Tewolde Gebremariam, Chief Executive of the airline.

The Ethiopian Revenue and Customs Authority extended the tax deadline for Group ‘C’ taxpayers in Addis Ababa by a week to August 14th.

Group ‘C’ businesses are those businesses which have annual sales less than 100 thousand birr and who are not expected to collect Value Added Tax but pay a gross estimated annual tax amount.  

Meanwhile the deadline Group A taxpayers who are charged with monthly obligations including the collection of VAT on behalf of the tax authority is November 9th and the deadline for Group B businesses is set to the 10th of September.

The top management of the Ethiopian Commodity Exchange, including the Chief Executive, handed over the reins to the new management team under Anteneh Assefa.

The official transfer ceremony was marked when Dr. Eleni and Anteneh rang the bell to start the day’s trading on the commodity market together.

The five members of the top management team handing over their duties include Dr. Eleni Gebemedhin, founding CEO of the exchange, Ahadu Wubishet, (Operations Officer), Bemnet Aschenaki, (Strategic Officer), Solomon Edesso (Information Technology Officer), Sirak Solomon (Compliance Officer).