2merkato

The bid tendered by the Ethiopian Privatization and Public Enterprises Supervising Agency for Ghion Hotel is expected to attract many investors.

The bid for Ghion will open on August 9th 2012 according to Wendafrash Assefa, Head of Public Relations with the EPPESA.

The auction to privatize the hotel has attracted several investors and more are expected until the final day of the bid said Wendafrash.

The Ethiopian Documents Authentication and Registration office has raised more than 116 million birr which is 102% of its target from public services charge announced a report prepared by the office.

The Office was able to handle more than 399 thousand cases in the just ended financial year which was 112% more than what it planned to handle in the financial year.

DARO has been able to serve 767,009 cases in the two years since it radically reformed its operating system seeing an increase of 22% in the number of cases it handled this year and a 20% increase in the revenue it raised over the last financial year it was said.

The Ethiopian Insurance Fund Office aims to increase its third party insurance collections to 30.8 million birr in the new financial year as well as taking over some of the tasks that it had outsourced to the Ethiopian Insurance Corporation.

The IFO also expects to increase access by building five branch offices in regional towns during the current fiscal year explained Bayleyegn Bekele, Public Relations Head at the fund.

The board’s plans were approved by its board earlier this month 600 thousand certificates and stickers have already been ordered from Kenya for the current year said Bayleyegn. The stickers and certificates will be distributed to insurance companies.

The Ethiopian Airports Enterprise announced that it expects to raise more than one billion birr from the various services that it renders in the new budget year.

The Enterprise will particularly focus on enhancing its market plans to expand its financial base it said.

EAE plans to raise the projected revenue through the development of airport infrastructure and by providing its standard airport services to customers. The enterprise also plans to implement a plan to support airlines during this budget year as well as increasing the quality of the services it offers and increasing the infrastructure of the airports it manages it was said.