The Ethiopian Ministry of Justice (MoJ) has drafted a new bill that authorizes the establishment of legal firms for the first time. The draft bill allows the establishment of law firms offering advocacy services as ‘Ordinary Partnerships’.
The new bill will prohibit members of a law firm from membership in multiple legal firms and from providing private advocacy services.
Add a comment Add a commentThe Ethiopian Privatization Agency is offering Awash Winery, Commercial Printing Enterprise, and Hammaressa Edible Oil for privatization. The three companies failed to attract bids at previous auctions and are being offered for sale through negotiations.
Parties interested in negotiating for the companies are required to present financial and technical proposals said Wondafrash Assefa head of public relations head at the Privatization & Public Enterprises Supervision Agency (PPESA).
Add a comment Add a commentAn estimated 10,000 condominium houses will be transferred over the next two months, to owners in the Ethiopian capital according to Kuma Demeksa, Mayor of Addis Ababa City Administration.
The condominium houses built at the Summit site will be transferred to new owners selected by random draws as well as to people relocated by the redevelopment projects currently underway in the city said Kuma.
The new condos are in the final phase of construction awaiting finishing work such as painting, sewage systems, installation of water and electric lines said the Mayor.
Add a comment Add a commentThe Ethiopian insurance industry is anticipating compulsory third-party insurance proclamation with uncertainty. The attitude of the insurers is primarily because motor vehicle insurance has persistently been unprofitable over the years.
Motor vehicle insurance is unprofitable due to high rates of traffic accidents and consistently increasing vehicle prices and maintenance costs according to industry sources. The motor insurance sector has the highest premiums because of the heavy losses associated with it, explain insiders.
Add a comment Add a commentEthiopian Airlines announced that it will start code sharing with Singapore Airlines as of November 01, 2011. This agreement
allows the two carriers to provide joint flight services between Addis Ababa and Singapore through Dubai.
Ethiopian Airlines further announced that the tickets for the code share flight will be available for sale immediately. The agreement between the two international carriers allows passengers to have wider range of flight services between Africa and Asia.
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