Latest Business Alerts

ACCA Lobbying For Ethiopian Capital Market

The Association of Chartered Certified Accounts is lobbying for the launch of a capital market in Ethiopia said Martin Turner Vice President of the ACCA.

The ACCA will consult with Ethiopian policy makers and regulators to support the establishment of a capital market in Ethiopia he said.

Ethiopia will need access to capital if the country is to grow its presence on the international stage according to Turner. The country could gain access to capital in many ways but a capital market is a very important element he noted.

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Metal and Engineering Exhibition Opened in Ethiopia

The 3rd Metal and Engineering International Exhibition was opened in Ethiopia. The exhibition is targeted at promoting the metal industry sector and developing market relationships between the domestic and international metal institutions.

It is expected that the exhibition will serve as a platform to bring together those engaged in the sector.

Several project launched in Ethiopia as part of developmental initiatives such as the railway network, hydro electric power generating dams, sugar and fertilizer factories all require a significant amount of input from the metal sector according to Tadesse Haile, State Minister for Industry.

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Ethiopian Airlines Graduates Trainees

The Aviation Academy of Ethiopian Airlines, Ethiopia’s flag carrier, graduated 106 pilots, cabin crew and marketing agents.

Twenty of the graduates are pilots, while 43 are cabin crew and 43 are marketing trainees.

The graduating pilots have successfully completed the commercial piloting course offered by the academy with instrument and multi-engine ratings. Trainees undertook 695 hours of instruction in class and 170 hours of practical flight training on both multi-engine and single engine aircraft as well as 25 hours in a range of training devices and simulators throughout the course of the two year training program.

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High Level Study near Completion in Ethiopia

A high level study being conducted by various government institutions to form a new is new corporation in Ethiopia is near completion. The new corporation known as the Ethiopian Trade Enterprise will be a merger of three public enterprises: The Merchandise Wholesale and Import Trade Enterprise, The Procurement Services Enterprise and the Building Materials and Supplies Enterprise.

The study has been in progress for the past six months conducted by a committee made up of officials from various institutions such as the Ministry of Finance and Economic Development, Ministry of Trade, and the Ministry of Industry.

The committee, chaired by Neway Gebreab, Economic Advisor to the Prime Minister, is in the process of recruiting employees for the new corporation said a non-authorized source.

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Israel to Share Agricultural Expertise with Ethiopia

Israel is interested in sharing expertise and technology in the areas of agricultural extension, research, irrigation, livestock and poultry development among other areas with Ethiopia according to Orit Noked, Minister of Agriculture and Rural Development of the State of Israel.  

It is important to Israel to share agricultural expertise with Ethiopia said Noked at a  meeting held with Hailemariam Desalegn Deputy Prime Minister and Minister of Foreign Affairs of and Tefera Deribew, State Minister for Agriculture.

The two sides agreed to establish a technical committee to identify areas of common interest to enhance bilateral relations between the two countries in the area of agricultural development.

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