The Big Apple International, owner of New York New York Café and Restaurant, which is located on Africa road, is to open a 4 stars standard hotel- New York New York Addis Hotel, which is planned to be operational starting September, 2013, Heran Tesfaye, marketing manager of its sister company, Cosmo Trading told EBR.
ethio telecom’s alleged poor network quality is reported to have slowed the dissemination and maintenance of cash register machines since March 3, 2013, according to the tax information administration directorate of Ethiopian Revenues and Customs Authority (ERCA).
The state monopoly telecom service provider, provides the GPRS service- that creates a wireless connection between a cash register and ERCA’s server. This enables the machines to send transaction reports to the revenue authority.
Another will-be addition to the insurance industry, Debub Universal Insurance S.C., is going to be operational starting may 2013, making it the country’s 15th private insurance company, Birhanu Tesfaye, administrator of the promoters’ executive committee told EBR. Having floated shares since December 2012, the promoters hope to raise Br 50 million. Most of the promotors had prior experience of organizing the foudation of the Debub Global Bank. They were planning to name the company Debub Global Insurance. However, National Bank of Ethiopia (NBE) didn’t allow them as it would create conflict of interest with Global Insurance.