Ethiopian Business Review – Page 46 – Ethiopian Business Review

Acquires a New Campus in Fitche Town

Addis Ababa University (AAU) expands its horizon to Agriculture by opening departments of Animal Science, and Plant and Horticulture Science at a new campus named Selale Campus in Fitche Town, North Shewa Zone, Oromia National Regional State. The College of Veterinary Medicine and Agriculture will host the departments. The newly formed college came about following a recent restructuring of academic units in the University. The College comprises the former School of Veterinary Medicine, located in Bishoftu (Debre Zeit) which was then under the College of Health Sciences.

The Ethiopian Revenue and Customs Authority’s achievement in collecting an aggregate of 70.7 billion birr in 2011/12 is 39.22 per cent higher than the previous year, and almost 93 per cent of its stretched plan for 76.3 billion birr. However, the government expected ERCA to collect 70 billion birr for the year. From what it was supposed to collect as per the plan of its supervisors, ERCA’s achievement was above target.

Ethiopian Airlines will extend the Addis Ababa – Bangkok route to Kuala Lumpur on October 31, 2012 with a frequency of three flights per week, the airline said in an email response to Ethiopian Business Review. The airline has also postponed the launching of flight to Sao Paulo, Brazil from its original schedule in December 2012 to March 2013. Ethiopian needs to finalize formalities with the Civil Aviation Authority of Brazil to get regular landing permission at Latin America’s busiest city.

Ethiopian Airlines will be the second African Airline to operate flights to both destinations after South African Airways.

Ethiopian Revenues and Custom Authority (ERCA) is planning training of more than 1200 logistic operators in November, 2012 Ethiopian Business Review learned. Applicants have paid 6528.84 birr each to receive training. Upon completion, the trainees will receive certificate of competence which will make them eligible to get license for transit and logistics services.

The authority set the new training after considering repeated request by importers and exporters.

UNDP, EU and Other Development Partners Sponsor MoFED

For fast growing economies like Ethiopia, economic forecasting is very crucial. Making strategic decisions with uncertainties means that nations are frequently in need of forecasts. This effort can be put into practice at the macro level for country’s GDP, inflation, unemployment or fiscal deficit. It can also be applied at the micro level for specific sectors in the economy or even specific firms. But doing this is not as such an easy task, especially, in developing countries. The lack of analytic forecasting experts of their own, forces least developed countries to rely on global institutions such as the World Bank and International Monetary Fund (IMF).

Last September showed the coming of series of business delegations to Addis Ababa from East. One of the delegates was from small but industrialized country, Singapore. The Singapore’s delegation, which consisted of 20 bossiness people, focused to get dealers from Ethiopia for construction machineries, caterpillars, and agro-processing materials. They also wanted to identify suppliers of spice products. The mission also planned to engage in shipping and logistic sectors to ease trade activities they want to undertake in Ethiopia.

AAU Expands its Horizon to Agriculture

Ethiopia’s Major Tax Revenue Sources in 2011/12

Ethiopian Expands East and West

ERCA Plans Training 1200 Transit Operators

Government Trains Economic Forecasters at Home

South-East Asia Eyes Ethiopia