ERCA may increase Value Added Tax withholding : Capital

ERCA may increase Value Added Tax withholding : Capital

[adToAppearHere] By Muluken Yewondwossen Capital Published on December 22,2016 The growing number of requests for tax refunds is causing the government to consider increasing the withholding percentage from Value Added Tax (VAT). In the first four months of the budget year over 2.6 billion birr was slated to be refunded. There have been so many […]

Business : Ethiopian Airlines poised to commence direct flight to Singapore

Business : Ethiopian Airlines poised to commence direct flight to Singapore

borkena December 20,2016 Ethiopian Airlines is poised to commence direct flight to Singapore starting June 2017, it announced yesterday on its website. It plans to use ultra-modern Boing 787 for the non-stop flight from Ethiopia to Singapore. Changi airport will be an addition to Ethiopian Airlines destination to its non-stop flights to Asia. Business Travelers […]

Business : African Development Bank lends $159 mln to Ethiopian Airlines

Business : African Development Bank lends $159 mln to Ethiopian Airlines

Reuters December 15,2016 ADDIS ABABA – Ethiopian Airlines will get a $159 million loan from the African Development Bank to help finance an expansion plan that includes doubling the size of its fleet and increasing its revenue to $10 billion over the next decade. The state-owned carrier has around 80 planes, including Boeing 787 Dreamliners […]

Business : Ethiopia Turmoil Threatens Unlikeliest Airline Success Story

Business : Ethiopia Turmoil Threatens Unlikeliest Airline Success Story

by Liezel Hill Bloomberg Published on December 11, 2016, 10:00 PM EST December 12, 2016, 3:09 AM EST →CEO sees ‘business as usual’ amid state of emergency →Hub model has forged African champion in one of poorest states Ethiopia, indelibly linked with images of grinding poverty and famine, has quietly built one of Africa’s rare […]