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Private Airline to Sell Shares to Public

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Category: Latest Business Alerts

National Airways, a private airline established last year, announced that it was preparing to float shares to the public.

Established with a 10 million birr capital in July 2010, National Airways was licensed by the Ethiopian Civil Aviation Authority (ECAA) and the Ethiopian Investment Agency. 

Last Updated on 14 August 2013
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Private Airliners in Ethiopia Form Association

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Category: Latest Business Alerts

Private airlines in Ethiopia established an association which they dubbed “Ethiopian Private Airlines Association”.

Last Updated on 20 April 2016
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Private Sector Development Hub to Be Transferred to Ethiopian Chamber

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Category: Latest Business Alerts

The Private Sector Development Hub is to be transferred to Ethiopia’s national chamber by the Addis Ababa Chamber of Commerce and Sectoral Associations as of April.  

The transfer has been a point of contention between the Ethiopian Chamber of Commerce and Sectoral Associations and its counterpart for the city of Addis Ababa with both laying claim to the management of the PSD hub.

The leaders of the ACCSA and the ECCSA agreed to set up a steering committee co-chaired by the presidents of both chambers to make decisions on strategy and policy directions in regards to projects to be undertaken by the hub.

Last Updated on 14 August 2013
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Privatization Agency Offered Ethiopian Mineral Development S.C. for Full Acquisition

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Category: Latest Business Alerts

The Ethiopian Privatization and Public Enterprises Supervising Agency (PPESA) has offered the Ethiopian Mineral Development S.C. for full acquisition, Capita reported.

Last Updated on 05 March 2014
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Privatization Agency to Set Up Palm Oil Refinery

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Category: Manufacturing

The Ethiopian Privatization and Public Enterprises Supervising Agency of Ethiopia is to set up a new enterprise on palm oil refinery at projected cost of 401.1 million Birr. The refinery is to be built with the expectation that once completed the enterprise will have an annual production of 300,000 tons, as it stated by the officials of the Agency.

The production will be equal with the annual import order of the state owned enterprise, Merchandise and Wholesale Trade Enterprise which covers 80% of the national demand currently.

The agency has invited interested parties both domestic and international, to bid in a public tender, for the construction of a crude edible oil refinery plant on the two locations allocated by the government.

Last Updated on 14 August 2013
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