2merkato

The Ethiopian Chamber of Commerce and Sectoral Association announced a decision to share its headquarters with four other associations. The newly elected board of the chamber in Ethiopia made the decision that solved a contentious issue between the ECCSA and the Addis Ababa chamber.

The four associations to share quarters with the ECCSA are the Addis Ababa Chamber of Commerce and Sectoral Association, the Addis Ababa Sectoral Association, Oromia Chamber of Commerce and Sectoral Association and the National Sectoral Association.

The Ethiopian Electric Power Corporation is working to address the persistently increasing demand for power in Ethiopia announced Miheret Debebe Chief Executive Officer of the Corporation.  

It is expected that electric coverage in Ethiopia will reach 75% in five years when the country is able to generate 8000-10000 MW he said.

The completion of projects initiated to increase the capacity of the nation to generate more electric power will allow Ethiopia to export power to neighboring countries according to Miheret.

Ethiopian Airlines, Ethiopia’s flag carrier, failed to sell a Boeing 725 aircraft at an auction which listed the aircraft for 80,000 birr. The airplane is being auctioned for the breach of a maintenance contract between Ethiopian Airlines and owners Trans-Saharan Airlines. 

Ethiopian Airlines requested the High Court to postpone the sell because only seven bidders took part in the auction.

The Revenues and Customs Authority of Ethiopia is to conduct the second phase of the business survey to register more taxpayers in Addis Ababa. The tax authority will begin the survey as soon as it receives a go ahead from the City Administration according to officials.

ERCA plans to survey 23,000 businesses in Addis Ababa in the second phase of the survey expected to commence in two weeks.