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Mesenbet Shenkutie reelected as President of Addis Chamber
Spread the NewsMesenbet Shenkutie has been reelected as President of Addis Abeba Chamber of Commerce and Sectorial Associations (AACCSA) by winning 431 votes. The election was held on Thursday during the 16th Annual General Meeting of AACCSA at Inter Luxury Hotel. Mesenbet will be in charge of the Chamber President for two years. Mesenbet was…

Ethiopian Airlines enter into an interline agreement with South Africa’s Airlink
Spread the NewsEthiopian Airlines has announced Thursday that it has signed an interline agreement with Airlink (4Z), an airline based in Johannesburg, South Africa. Ethiopian has entered into an interline agreement with Airlink to allow passengers to enjoy seamless travel with a single ticket and lower fare tickets between points within the carriers’ synergized networks,…

Ethiopian to expand its service to Switzerland with new flight to Zürich
Spread the NewsEthiopian Airlines announced that it will add Zürich to its expanding global network, with thrice weekly flights. The first flight from Addis Ababa to Zürich will take off on 31 October 2022, operated with the ultra-modern Boeing 787 Dreamliner. Zürich will be Ethiopian Airlines second destination in Switzerland next to Geneva, and its…

Wheat supply shortage challenge flour factories
Spread the News-Trading wheat has become a crime By Kaleyesus Bekele Disgruntled flour and pasta manufacturers disclosed that they have faced critical shortage of wheat supply as the Ethiopian government started exporting wheat. With a big media fanfare two weeks ago the Ethiopian government announced that it has started exporting wheat. Ethiopian Prime Minister Abiy Ahmed heralded that Ethiopia has…

Safaricom ranked “Most Valuable Firm” in East Africa by market cap
Spread the NewsAccording to a report— a compilation of the most valuable brands by market capitalization – by analysts at AfricanFinancials Group, Safaricom is the most valuable brand in East Africa and Mauritius, with a market capitalization of $15.4 billion. Safaricom’s shares have soared following its announcement of securing a telecommunications license to operate in…

City collects 12 bln Birr tax in three months
Spread the NewsThe Addis Abeba Revenue Bureau said it has collected 12 billion Birr in the first three months of the current fiscal year. The Bureau is about to announce “Grade A” taxpayers of their taxes and collect the taxes until the November 9, 2021. Mulugeta Tefera, Bureau’s Head said that expansion of the tax…