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Gov’t showers manufacturers with incentives

90 percent non-collateralized credits for investors entering Hawassa Park Winning over ten global giants in textile manufacturing to harbor in the newly built Hawassa Industrial Park, the Government of Ethiopia has proposed a highly generous incentive package to all local manufacturers willing to set up shop at the newly built industrial park located in Hawassa town, capital city of the Southern Regional State.

Contraband continues to affect tax system

Mercato leads in both tax contribution, evasion The Ethiopian Revenues and Customs Authority (ERCA) told the House of People’s Representatives on Tuesday that it is having a hard time keeping up with the growing contraband trade in Ethiopia as the contrabandists constantly alter their methods and contraband networks evading the existing anti-contraband operations and controlling mechanisms.

Local private airlines establish association

Vow to work towards the development of general aviation Local private airlines—for the first time in the history of general aviation in Ethiopia—have met and established an association dubbed “Ethiopian Private Airlines Association.”

ECX members lambast new directive

Intermediary members at the Ethiopia Commodity Exchange (ECX) fear that a newly introduced directive by the Ministry of Trade could potentially harm their participations and possibly force them to leave the trading floor, it was learnt.

70 years young

Ethiopian Airlines yesterday marked its 70th anniversary. The flagship airline made its maiden flight on April 8, 1946 from Addis Ababa to Cairo via Asmara with C47 aircraft. Ethiopian was the first airline in Africa to join the jet age in the early 1960s.