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Bunna insurance registers 36.23 mln Birr profit
Spread the NewsBunna Insurance S.C. has netted 36.23 million Birr profit in the just concluded fiscal year of 2020/2021. The insurance company initially planned to generate a profit of 22.75 million Birr. Meanwhile, the insurance company has collected a premium of 335.1 million Birr in the stated fiscal year. In terms of expenses, the company…

Ethiopian Airlines Group appoints new executive management team
Spread the NewsThe newly appointed Group CEO of Ethiopian Airlines, Mesfin Tasew, has formed a new executive management team. Retta Melaku has been appointed Chief Operating Officer (COO). Retta was serving as acting COO. Capt. Yoseph Hailu appointed Vice President (VP) Flight Operations replacing Capt. Yohannes Hailemariam. Capt. Yoseph has been serving Ethiopian since 1985…

Gov’t ponders to implement furniture import-substitution policy
Spread the News Melaku Alebel, Ministry of Industry said Thursday that the government is considering implementing a policy intervention to substitute furniture products the country is importing. Furniture is one of the commodities Ethiopia is importing. Ethiopia spends $15 million in a year to import furniture, according to a data from Ministry of Industry. Melaku…

Ethiopian Airlines, UTD Aviation Solutions, AFRAA sign MoU to re-establish African Aviation Renaissance in MRO services
Spread the NewsEthiopian Airlines MRO, UTD Aviation Solutions and the African Airlines Association (AFRAA) have signed a tripartite Memorandum of Understanding (MoU) to work together on Maintenance, Repair, and Overhaul (MRO) services in pursuance to the Brown Condor Initiative (BCI). The signing ceremony took place last week at Ethiopian Airlines headquarters in Addis Abeba. The…

Commission says it revokes duty-free privilege to curb illegal trade
Spread the NewsThe Ethiopian Customs Commission announced Friday it has revoked the duty-free privilege, which is permitted through directive number 51/2010 approved by the Ministry of Finance, with a view to prevent illegal and contraband trade. The directive exempts personal items such as professional cameras, laptops, external hard-drives, kitchenware and TV sets from tax, among…

Ethiopia earns record-breaking $1bln from Coffee exports in 10 months
Spread the NewsMinistry of Agriculture said that Ethiopia has garnered a record breaking $1 billion from Coffee export earnings in ten months of the current fiscal year. Oumer Hussein, Minister of Agriculture, has congratulated “Coffee families” on the achievement in his tweet on Thursday. China has once again emerged as the top buyer of Ethiopian…