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Ernst & Young Ethiopia was named a winner in the 2012 ACQ Global Awards. Global mergers and acquisitions magazine ACQ recognized E & Y as the ‘Lead Advisory Firm of the Year’ said Jake Robson, Editor in Chief with ACQ.

E & Y Ethiopia is delighted by the recognition from ACQ and feels the award validates the firm’s caliber and reputation as a notable provider of complex and sophisticated M & A services to clients across the continent said Zemedeneh Negatu, Managing Partner of Ernst and Ethiopia and Head of Transaction Advisory Services for Eastern Africa.

Winners in all categories are in effect a brand and it takes a lot time, hard work and money to build and maintain brands said Robson.

Ernst and Young is to present the first phase of a study it conducted towards the development of a national framework for Economic Growth Corridors in Ethiopia on the 23rd of December, at the Hilton Hotel.

The study will be expected to define concepts related to Economic Growth Corridors, establish criteria for identifying them including the legal, organization, institutional and coordination procedures related to identification. The study will also deal with establishing and operating EGCs at the regional and federal levels.

The Ethiopian Radiation Protection Authority took steps to protect the public from radiation by enacting corrective measures on 58 institutions it announced.

The authority carried out inspections on the institutions in response to tips received from the public in Addis Ababa and other parts of the country according to Abdurezak Oumer, Director General of the Authority.

The authority has banned services that were delivered through equipment that emitted unacceptable levels of radioactivity he said.

The Ethiopian Standards Agency announced that it has approved more than 2000 new and revised quality standards in seven sectors in the completed fiscal year.

An estimated 15,000 of the standards approved are new while the other 500 or so are revisions of existing standards according to Daniel Zenebe, Communication and Public Relations Head for the Agency.

The standards approved by the agency are expected to play a notable role in enhancing the productivity of the domestic industries and support the transfer of technology he noted.

The Ethiopian Shipping and Logistics Enterprise is planning to implement a restructure to split is services into four divisions following its recent amalgamation according to sources.

The restructure is in the process of implementation in the dry port, transport and shipping sectors said sources within the enterprise.

The four divisions that the new structure will implement will include logistics, shipping, terminal and supportive in a bid to speed up the services offered by the enterprise. It is expected that management for the logistics and terminal divisions will be externally appointed while the other two divisions, shipping and supportive will be handled by existing staff said sources.