2merkato

The Ethiopian parliament has passed the Urban Landholding Registration Proclamation. The law is designed to ensure  the protection of landholding rights and recognition of title to land-related permanent property of individuals, associations, private and government institutions through registration.

Accordingly, the proclamation will enable city administrations to identify the land available at their disposal through inventory and create integrated national landholding system compatible with the rural land administration.

The Ethiopian House of Representatives ratified double taxation and fiscal evasion agreements with the governments of the Seychelles and the United Kingdom.

The agreement with the United Kingdom was signed in June of 2011 during the UK-Ethiopia Investment Forum, Taxes included in the agreement include Ethiopian income and profit taxes and taxes on income from activities in the agriculture, mining and petroleum sectors as well as UK income, corporation and capital gain taxes.

The strong bilateral relationship between the two countries means that the approval by the Ethiopian Parliament is welcomed by the UK said Greg Dorey, British Ambassador to Ethiopia.

The Ethiopian Parliament (the House of People’s Representatives) is working on draft laws for the privatization of public enterprises, investment proclamation, and excise tax proclamation. The House has referred the draft laws to the relevant standing committees for further study.

Ethiopian Airlines announced that it has partnered with CarTrawler, the leading provider of online car rental distribution systems, launching car hire and transfer services for its passengers globally. The partnership enables Ethiopian to offer seamless transport service to passengers throughout their journeys, it said in a statement sent to 2merkato.com.

Ethiopian Airlines, the largest aviation group in Africa, announced that it has finalized preparations for the launch of Zambia’s National Carrier in a joint venture with Industrial Development Corporation Limited (IDC). Ethiopian has 45 percent stake in the joint venture while Industrial Development Corporation Limited (IDC) retains 55 percent.