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MoUDC to Draft Bill Regulating Rental Home Provision

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Published on 25 June 2013
Category: Latest Business Alerts

The Ethiopian Ministry of Urban Development & Construction is planning to draft a law  that will regulate rental home provision, by private home owners and the government.

“The law will set minimum standards for living conditions in rented houses,” Mekuria Haile, the MoUDC’s minister, told Fortune. Add a comment Add a comment

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NBE Awarded Oberthur Technologies Currency Printing Contract

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Published on 25 June 2013
Category: Banking and Finance

The National Bank of Ethiopia have awarded Oberthur Technologies, a French currency printing company,  printing contract of five Birr notes worth three billion Ethiopian Birr, Fortune reported.

The Central Bank selected  the company three weeks ago, out of five companies which participated in the bid. The German-based, Gieseck & Devrient; Switzerland’s, Swiss Crane; the Swedish, EnSKEDE and the UK’s, De La Rue, responded to the tender, along with Oberthur Technologies.

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International Agriculture and Food Exhibition Held in Ethiopia

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Published on 25 June 2013
Category: Latest Business Alerts

The 6th International Agriculture and Food Exhibition was held from June 20-24, 2013 at the Addis Ababa Exhibition Center and Market Development Enterprise, in Addis Ababa Ethiopia. Add a comment Add a comment

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Lufthansa Looking to Enhance Partnership with Ethiopian Airline

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Published on 24 June 2013
Category: Latest Business Alerts

Lufthansa, the German-based airliner is to  enhance its partnership with Ethiopian in 2013, according to a press briefing held in Addis Ababa on June 10, 2013.

Lufthansa is aiming to enhance its stake by five percent in 2013 from the previous year, Carsten Schaeffer, Lufthansa's vice-president for sales and services, South-East Europe, Middle East and Africa said.

In 2012, more than 80,000 passengers were served through the partnership between Lufthansa and Ethiopian, however, Carsten  declined to reveal the revenue collected from the services. He told The Reporter, an Ethiopian Weekly, “We don’t want to talk about details of numbers, it is promising and we are happy to invest further. Add a comment Add a comment

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Export of Leather Products Fetches US$111.1 Million

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Published on 24 June 2013
Category: Import and Export

Ethiopia has earned  US$111.1 million from the export of leather products over the past eleven months of the current Ethiopian Fiscal year, according to the Leather and Industry Development Institute (LIDI).

Of the total revenue, nearly 92 million USD was obtained from export of finished leather products, Birhanu Serjebo, corporate communication director with the Institute indicated. Add a comment Add a comment

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Standard's Council to Approve Additional National Standards

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Published on 24 June 2013
Category: Latest Business Alerts

Ethiopia's National Standards Council is expected to approve 1,098 national standards in its meeting to be held this coming Thursday, according to the Ethiopian Standards Agency.

Daniel Zenebe, Communication and Public Relations Head with the Agency, told Walta Information Center that, standards dealing with agriculture, food, textiles and leather, construction, engineering, chemical products, electro mechanical and health are among the sectors expected to be approved by the Council. Add a comment Add a comment

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Ethiopia Earned US$2.8 Billion from Export

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Published on 24 June 2013
Category: Import and Export

Ethiopia has earned US$2.8 billion from export of various commodities during the past 11 months, according to the Ministry of Trade (MoT).

Ministry Corporate Communication Directorate Directore, Amakele Yimam, told Walta Information Center that the country has exported 37, 358 tonnes of agricultural produces, manufacturing, minerals and other products during the stated period. Add a comment Add a comment

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Ethiopian Academy of Sciences Officially Launched

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Published on 24 June 2013
Category: Latest Business Alerts

The Ethiopian Academy of Sciences officially launched on Thursday, June 20, 2013. The Ethiopian Ministry of Science and Technology has pledged to provide the necessary support to the Academy.

Dassie Dalke, Minister of Science and Technology, said at the launching conference, the Academy would create a huge potential to undertake problem solving researches and advance science and technology. Add a comment Add a comment

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On-line Registration Platform for AGOA Forum 2013 Launched

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Published on 21 June 2013
Category: Latest Business Alerts

On-line registration platform for the AGOA Forum 2013 Private Sector Session is launched today. The event will take place in Addis Ababa, Ethiopia from August 9-13, 2013.

Business and individuals interested to attend the session can now register at
www.africacncl.org, coordinators of the Private Sector Session said in a  statements today.

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Ethiopia-Korea Business Forum Kicked Off in Seoul

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Published on 20 June 2013
Category: Latest Business Alerts

Ethiopia-Korea Business Forum kicked off today, June 20, 2013 in Seoul with the attendance of representatives of the Korean government and members of the business community.

The 160 member Ethiopian delegation, is led by Foreign Minister Dr. Tedros Adhanom. The delegation includes ministers, state ministers, government officials and private sector institutions and businesses. Add a comment Add a comment

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