2merkato

Dream Light Solid Waste Management plc, Ethiopia received the World Business and Development Award, 2012 announced a joint press release by the United Nations Development Program and the Ethiopian Ministry of Finance and Economic Development.

The 2012 World Business Development Award was given to eleven companies from Brazil, China, Ghana, Denmark, India, Kenya, the United Kingdom and the United States in the categories of small and medium sized enterprises and large organizations.

The winning companies were recognized at a ceremony held to conclude the Business Action for Sustainable Development Business Day that took place as part of the UN Conference on Sustainable Development- Rio+20.

Dr Eleni Gebre-Medhin, founder and Chief Executive of the Ethiopia Commodity Exchange is transitioning out of the leadership role effective as of the 30th of September announced the ECX.

The transition is part of carefully implemented succession plan which aims to ensure a smooth transition as the team of internationally recruited management professionals, in charge of the ECX since April of 2008, handovers responsibilities to locally recruited and trained leaders said Dr. Eleni at a press conference.

The locally recruited team, which will take over senior management positions, is highly capable and has been with the ECX since the exchange began operations she said.

The Ethiopian Postal Service Enterprise, Ethiopia’s sole mail carrier has won two bronze awards from the Universal Postal Union it announced.

The enterprise won the first award for its efficient Emergency Message Service according to Ziyen Gedlu, Head of the Communications work process with the EPSE.

The second award was given in recognition of the enterprise establishing a mechanism for complaints management said Ziyen.

The award will help the postal service to enhance its competitiveness she noted.

The tax authority of Ethiopia is to probe petroleum distributing companies on potential windfall gains following the regular price adjustments to the price of fuel by the government.

The Ethiopian Revenues and Customs Authority will launch the investigation in the coming weeks and will levy windfall tax should it discover that the companies are earning undeclared gains from the price adjustments according to sources.  

The tax authority was notified of the windfall gains in the sector by anonymous informants who presented a study conducted on seven petroleum companies it was learned.