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Ethiopian Wins Double Awards from the Pan-African Award Committee

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Published on 31 October 2013
Category: Latest Business Alerts

Ethiopian AirlinesEthiopian Airlines is pleased to announce that the Pan-African Award Committee comprising of travel professionals and journalists from across Africa has recognized the airline with multiple awards, including as “African Airline of the Year” and “Best Cabin Crew in Africa” at the opening ceremony of the 9th Travel Market, AKWAAB, meeting in Nigeria at Eko Hotel Convention Center on 27 October 2013.

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Ethiopia: TVET Conference held in Dire Dawa

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Published on 29 October 2013
Category: Latest Business Alerts

The Ethiopian Ministry of Education said it has given due attention to technology transfer and producing skilled human power to realize the renaissance of the country, Ethiopian News Agency reported.

Speaking in a national technical and vocational education and training (TVET) conference held in Dire Dawa Saturday, Wondwesen Kifilu, Technical and Vocational Cluster State Minister said training youth in TVET is a priority for the remaining two years of the GTP period.

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Ethiopia: Seminar on Promotion of Industrial Development Launched on Monday

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Published on 29 October 2013
Category: Latest Business Alerts

aaccsaA seminar and workshop aimed at promoting industrial development organized by the Addis Ababa Chamber of Commerce and Sectoral Association (AACCSA) and Chamber Trade Sweden was launched on Monday in Addis Ababa, Ethiopia.

Speaking on the launching of the two-day seminar and workshop, Chamber Trade Sweden CEO Charlotte Kalin said Swedish investors are interested to engage in flower production in Ethiopia.

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Nyota Minerals Planning to Sell 75% of its Gold Mine Project in Ethiopia

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Published on 29 October 2013
Category: Latest Business Alerts

nyota-mineralsNyota Minerals has confirmed a plan to sell 75 percent of its Tulu Kapi gold mine project in Ethiopia, Proactive Investors UK reported.

In return Nyota Minerals will receive £1 million of cash and £3.5 million in shares, and it will retain a 25 percent interest in the project.

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Construction of Nekemte-Bure Road Scheduled to Commence Next Year

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Published on 29 October 2013
Category: Latest Business Alerts

The Nekemte-Bure road project is expected to be commenced next year, Walta Information Center reported.

The 258 km road project's Environmental and Social Impact Assessment and Resettlement Policy Framework (RPF) is completed, according to the Ethiopian Roads Authority (ERA).

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Ethiopia: ERCA Training Medium Taxpayers on Using its E-file System

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Published on 29 October 2013
Category: Latest Business Alerts

ercaThe Ethiopian Revenues & Customs Authority (ERCA) launched a training for medium taxpayers on using its electronic tax return filing system online on October 14, 2013, Fortune reported.

Currently, only large taxpayers with annual turnover of more than 27 million Ethiopian birr are using the e-filing system.

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Ethiopia: Revenues Authority Collected 25.3B Revenue in Q1

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Published on 28 October 2013
Category: Latest Business Alerts

ercaThe Ethiopian Revenues and Customs Authority (ERCA) announced, it has collected 25.3 billion Ethiopian birr revenue from various income titles during the first quarter of the current Ethiopian Fiscal Year, ERTA reported.

Education and communication director with the Authority, Efrem Mekonen told the press on Saturday that the sum was obtained from domestic tax, foreign trade and lottery sales.

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Ethiopia Inaugurated Ashegoda Wind Farm

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Published on 28 October 2013
Category: Latest Business Alerts

ashegodaThe Ashegoda Wind Farm, Africa's largest wind farm inaugurated in Ethiopia on 26 October 2013.

The US$289.68 million project was built by the French company, Vergnet SA with concessional loans provided by BNP Paribas and the French Development Agency (AFD). The Ethiopian government covered 9 percent of the cost, according to Reuters.

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Ethiopia: Artisanal Miners Supplied US$71.6 Million Worth Gold to NBE

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Published on 28 October 2013
Category: Latest Business Alerts

Ethiopia has earned US$ 71.6 million from export of gold supplied by artisanal miners to the National Bank of Ethiopia (NBE) during the first three months of the current fiscal year, Ministry of Mines (MoM) disclosed.

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Commercial Bank of Ethiopia to Introduce Interest Free Banking

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Published on 28 October 2013
Category: Latest Business Alerts

cbe-logoThe Commercial Bank of Ethiopia (CBE) is to launch interest free banking service starting from Monday, October 28, 2013, in its 23 selected branches in Addis Abeba and in other major regional towns, Fortune reported.

The CBE has notified of the launching of its service and recieved approval from the National Bank of Ethiopia, according to Ephrem Mekuria, communication manager at CBE.

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