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Ethio Telecom has reduced tariffs across zones for calls made from landlines in Ethiopia as of the 1st of January. Rates were reduced by 66.3% to 83 cents per minute during peak hours and to 0.35 cents at off peak hours, a 228% reduction.  

The move is targeted to encourage an increase in the number of subscribers to landlines in the face of falling revenue and low numbers of new subscribers for fixed line services.

Ethiopian Airlines, Ethiopia’s flag carrier, announced a joint initiative to purchase fuel with eight other African airlines. The collaborative initiative to bur fuel is expected to result in significant savings for the airlines.

The program for the nine airlines to jointly buy fuel was launched following the conclusion of the evaluation process of bids tendered by several fuel companies said The African Airlines Association.

The Ethiopian Revenue and Customs authority held talks with business people from the Merkato area, center for business activity in Ethiopia. The meeting was held at the National Lottery Administration Hall last week.

The meeting was expected to relax some tension in the Merkato business community following the drastic measures enforced by the ‘The Merkato Project’ to enforce tax compliance.

Ethiopian Investment conferences are to be held in North California and Los Angeles on the 4th and 11 of February respectively. The conferences are planned to discuss opportunities for investment available in Ethiopia for members of the Ethiopian Diaspora.

The conferences to be held under the title “Collaborative Investing by the Ethiopian Diaspora in the U.S.” are a continuation of the inaugural efforts began in Washington D.C which attracted notable media coverage and a significant number of attendees according to organizers.