Latest Business Alerts

BAL Promotes Pan African Exchange at International Commodities Meeting Held in Ethiopia

Boursa Africa Limited, promoted a Pan-African Exchange at the International Convening on Commodity Exchanges held in Addis Ababa Ethiopia. The Botswana based company aims to launch a Pan African Exchange in May 2012.

The African exchange planned by BAL is expected to be a multi-asset class and commodity exchange, dealing in commodities, bonds, currency and diamonds. This exchange also aims to create a center where continental and international bilateral and multilateral trade could be conducted.

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Ethiopian Directive Changing Unit of Measurement for Flower Exports Being Tested

The Ethiopian Horticulture Development Agency is testing the draft directive, changing the unit of measurement of exported flowers to weight from stem count, on selected exporters. The testing will be conducted for two weeks as of the 11th of November before the draft directive is passed.

The test aims to identify problem areas in implementing the new directive, explains a letter sent to the seven exporter selected for testing from Desalegn Assefa Director of the Marketing, Research, Study, & Quality Follow-up Directorate.

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Ethiopian Trade Ministers Replaced

Ethiopian Trade Minister Abdurahman Sheikh Mohammed and Minister of State for Trade Ahmed Tussa were removed from their posts last week. The two ministers have been replaced just over a year after their appointment.

The ministers were relieved of their duties primarily due to increasing public discontent following the introduction and subsequent elimination of price caps early this year according to sources. The slow pace of the ministry in effecting the Growth and Transformation Plan was also cited as another reason for their replacement. Add a comment Add a comment

Ethiopian Airlines Postpones Flight to Seychelles

Ethiopia Airlines announced that it has postponed the opening of flight services to Seychelles. The Airlines made the decision to postpone the expected flight services due to operational reasons according to a press release by the company.

Ethiopian expressed its regrets at any inconvenience that may be caused to its customers by the decision to postpone flight services. The Airlines has committed to make sure that all passengers with tickets and confirmed bookings are booked onto alternative flights.

The flights to Seychelles were expected to begin as of the 15th of November.

Source: Ethiopian Airlines Press Release

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Ethiopian Capital to Implement New Building Height Regulation

The Addis Ababa City Administration announced that the building height regulation has been raised to 55 floors. Buildings in Addis were previously limited to a maximum of 20 floors.

The regulation was revised to take into consideration elements including environmental impact, infrastructural development, and security concerns as well as maintaining historical sites according to city administration and Urban Information and Plan Institute officials.

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