Latest Business Alerts

Ethiopian Tax Authorities Extend VAT Registration

The tax authority in Ethiopia is maintaining its drive to register businesses for value-added taxation across the country.

In Oromia Regional State businesses are being asked to install cash registers for the first time while regional towns are coming under the scrutiny again.

In Adama, Bishoftu and Duken out of an estimated 1, 151 businesses identified for VAT registration only 28.3% have complied by January of 2012.

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Ethiopian Revenues Allows 12.3 Billion Birr in Duty Free privileges

The Ethiopian Revenue and Custom Authority allowed 12.3 billion birr in duty free privileges in the last two quarters of the fiscal year in Ethiopia.

The duty privileges amounts to 35.3% of the total revenue raised by the authority in the last six months according to Efrem Mekonnen, Head of the Communications Department with ERCA.

ERCA extends duty free privileges to members of the diplomatic community and investors in pre specified strategic sectors.

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Ethiopian Civil Aviation Raises $60 Million in Revenue

The Civil Aviation Authority of Ethiopia earned 60 million US dollars in the first quarter of the current budget year. The authority has signed arrangements with various countries to expand investment in air transport service.

The authority has reached bilateral agreements with Cyprus, the Czech Republic, Denmark, Norway, Sweden and Switzerland in just the last two quarters of the current financial year.

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Ethiopia to Organize Conference on Oil seeds, Pulses and Spices

Ethiopia is to host an international conference on oil seeds, pulses and spices to enhance the market access of the various crops raised nationally.

The conference, organized in a collaborative effort by the Ethiopian Ministry of Trade and the Ethiopian Pulses, Oil seeds and Spices Processors Association will be held for three days from the 27th of February at the Sheraton Addis Hotel.

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Ethiopian Airlines Wins Gold

Ethiopian Airlines, Ethiopia’s flag carrier, won the Gold Award in the African Airline of the Year 2011/12 Award organized by the African Aviation News Portal.

The team at Ethiopian Airlines is pleased by the vote of confidence establishing its services as the leading airline on the African continent said Tewolde Gebremariam, Chief Executive Officer of the airline, in response to the award announcement.

Ethiopian Airlines received a majority of the votes cast by readers and fans of African Aviation to become the clear winner according to a statement issued by the airline.

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