2merkato

Ethiopia is planning to increase the number of cargo flights and destinations of its main horticultural products such as fruits, flowers and vegetables according to Haileselassie Tekie, Director General of the Ethiopian Horticulture Development Agency.

The arrangement allows exporters to manage the costs of transportation with the government subsidizing the cargo said Haileselassie Tekie.

Ethiopian Airlines expects to deploy the new B777 freighter aircraft, with the capacity to handle 105 tons to carry fruits, flowers and vegetables according to a source.

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.