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Ethiopian Shipping and Logistics Enterprise is finalizing preparations to award design and construction contract for additional warehouse at Modjo Dry Port.

The latest stuffing and stripping warehouse will be built on 5,400 square meter plot. The project will also include construction of a container freight station.

National Bank of Ethiopia has drafted a new directive which will allow banks to engage in non-banking business activities. now allows banks to directly engage in businesses not related to banking, provided that  they do so in a joint venture or partnership agreement with their customers,  through an interest free banking service.

The draft bill is designed to repeal the 1996 Limitation on Investment of Banks, National Bank of Ethiopia directive. Banks who will engage in non banking activites are required to do so in a joint venture or partnership agreement with their customers,  through an interest free banking service.

Ethiopian Airlines announced expansion of its Asian network with the addition of three new destinations,Ho Chi Minh City, Manila and Seoul, as of June 18.

Ethiopian flights from Addis Ababa to Hong Kong will no longer need to stop in Bangkok; Hong Kong will now be served with a daily non-stop service from Addis Ababa instead of the current four-times-a-week flights routed through Bangkok, the airlines said.

The International Air Transport Association (IATA) delegation led by its director general and CEO, Tony Tyler, is set to visit Ethiopia this coming month.

The delegation will arrive in Addis Ababa, Ethiopia on April 16 to celebrate World Aviation Day with executives of Ethiopian Airlines and officials of the Ministry of Transport and the Civil Aviation Authority of Ethiopia. This would be for the first time for IATA to marks World Aviation Day in Ethiopia.

The U.A.E based Falcon Petroleum Ltd is conducting a seismic survey of its Blue Nile Concession in Wereilu South Wollo Zone, Amhara National Regional State of Ethiopia.

Falcon Petroleum has contracted the Italian company,GeoDynamics Research to carry out the seismic survey. GeoDynamics is carrying out a passive seismic survey for the third time in Ethiopia. Previously the GeoDynamics had conducted two passive seismic surveys named Wereilu I and II.

Ethiopia has secured more than USD 17.7 million from Valentine’s Day celebration flower export.The country earned the revenue from the export of 210.8 million stems flower to the international market in this Valentine’s Day celebration.

The flower export during this year’s Valentine’s Day exceeded in quantity as well as in terms of revenue as of the same period last year.

Last year’s Valentine’s Day celebration, the country earned 17.4 million USD from the sale of 195.6 million flower stems. The amount secured has been increased by 300,000 USD this year.

Ethiopian Ministry of Industry announced that it has put in effect the new export trade incentive directive.

Ministry Public Relations and Communication Directorate Director, Melaku Taye, told WIC, the new directive is aimed to help boost export trade performance.

Moreover, the new directive will also enables to give efficient service to the business community and allows them to create network among themselves, he said.

The new directive will also help to provide the necessary support to producers and exporters, he added.

Sourec: Walta

The Ethiopian Horticulture Producer Exporters Association (EHPEA) launched the 5th International Horti-Flora 2013 Exhibition at the Millennium Hall  on March 20 in Addis Ababa.

Association President Zelalem Melese said, the exhibition is a good platform to create market linkage, exchange ideas and develop new trends as well as discuss challenges and opportunities in the horticulture industry.

“This year, we would like to use the occasion to celebrate our successes and the growth that the industry has made in such a short span of time. Most of the credit goes to the government for its leadership in exploring market opportunities locally and at the international level as well. In the past two years, we have made great stride in the industry in terms of expanding the sub-sector,” Zelalem said.

TAF Oil PLC opened its first fuel station in Addis Ababa, Ethiopia. The station is located in Mekanissa area. The opening ceremony was held on Saturday, March 9. TAF is planning  to open eight additional fuel stations in Tigray, Amhara, Oromia and Gambella Regional states of Ethiopia.

TAF was established in 2008 by three  with 56.3 million birr authorized capital. TAF Oil commenced operations in January 2011 in Gelan, Oromia Special zone. In less than two years TAF has increased the number of its fuel stations to 18, located in the capital and  different regional states. Add a comment Add a comment

The Addis Ababa City Administration Transport Bureau is to introduce electronic ticketing (e-ticketing) for the Anbessa City Buses. The new system is in response to problems related to ticket issuance.

The new electronic ticketing system will replace the existing paper tickets that need to be purchased for each fare and each bus used. The e-ticketing system will allow commuters to use one pass ticket for multiple travelers. Add a comment Add a comment