Local Firm Secures Aviation Facilitation License

Dec 25 , 2018


[ssba-buttons]

The Ethiopian Civil Aviation Authority awarded Kirmson PLC new business aviation licenses, which enable the company to provide flight facilitation and fuel support systems. With its new license, Krimson will be able to process landing permits, immigration arrangements, travel & hotel accommodation, refuelling and other services. “When people hear of aviation they only think of planes and flights,” Dawit Krimson (MD), founder of the company, told Fortune. “Yet there are flight support and services that we are set to deliver.” Flight support and facilitation services companies provide services such as ground handling, emissions trading support, fueling, weather and flight planning services. Krimson Aviation was founded with an initial capital of one million Birr in 2014, and it has been providing consultancy services for aviation companies. “In the past individuals used to engage in the industry, but there was no legal framework behind the business,” Animut Lema, communications director of the Authority, said. “The new directive was issued with the goal to formalize the sector.”


Radar

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...