2merkato

The Ethiopian Revenue and Customs Authority is to release goods congesting dry ports around the country to importers who provide payment guarantee from their banks to help alleviate congestion.

The Ethiopian Shipping and Logistic Service Enterprise will provisionally cover the demurrage and storage cost estimated at about 400 million birr according to sources.

The authority currently has more than 2 billion birr that it expects to earn from customs tied up in imports stockpiled at the dry ports. The congesting has also been helped by the ELSE’s limited capacity to process the goods and because importers have been unable to meet the financial demands said the sources.

Ericsson, Swedish telecom giant, is expected to deliver most of the 3G networking project it has been installing for last ten month in southern part of Ethiopia by the end of 2015, according to The Reporter.

Access Real Estate founder and chairman, Ermias Amelga, returned back to Ethiopia exactly after two years on Thursday, February 19, 2015.

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.