2merkato

Ethiopian Cotton Production has fallen short of the requirements of the sector by tens of thousands of tons according to the Ethiopian Cotton Producers Ginners and Exporters Association at the General Assembly held at the Sheraton Addis Hotel.

In spite of the lift of the export ban the Ministry of Industry gives priority to local demands. This means that growers will require approval from the Textile Industry Development Institute and the Ministry of Agriculture to export to a still weak international market.

The meeting was attended by Tadesse Haile, State Minister for Industry, and Wondirad Mandefro State Minister for Agriculture.

A federal court in Ethiopia ordered Horn International Bank to be stricken from the commercial register last Wednesday. Horn International Bank was under formation by Eritrean majority share holders before the onset of the Ethio-Eritrean war.

The liquidator, Bibawi and Company, was instructed to transfer the money it was administering to the National Bank of Ethiopia. The National Bank will pay the money to shareholders on presentation of relevant evidentiary documents.

All documents of Horn International Bank are also to be transferred to the central bank.

Ethiopian Airlines has been awarded as "The Best Airline in Africa" for the fourth year in a row, "The Best Business Class Airline in Africa" for the third year in a row, "The Best Economy Class Airline in Africa" for the third year in a row, and "The Best Cabin Crew in Africa" in the SKYTRAX World Airline Awards 2021.

Ethiopian Cargo & Logistics Services, the largest air cargo network operator in Africa, has been crowned with 'Cargo Airline of The Year' and 'Best Cargo Arline - Africa' at the Air Cargo News Awards 2022, according to a press release sent to 2merkato.com by the group on 18 September 2022. In a ceremony held in London on 16 September 2022, Ethiopian has been crowned with the two awards in the presence of cargo leaders from across the globe.

The Revenue and Customs Authority in Ethiopia cautioned the businesses in Dire Dawa and Harar to handle receipts better.

Officials from the authority met with members of the business community last week and warned that businesses were not issuing receipts for all their transactions.

The government will enforce the law if businesses do not put in cash register machines and use them appropriately said federal and local officials to participants.