Customs Office Auctioned Uncollected Goods

Jun 22 , 2019


The Custom Commission’s Qality branch has auctioned off goods valued at 104 million Br that have been stored on its premises past removal deadlines. Construction materials, cosmetic products and vehicles uncollected past 30 days have now been removed from the Commission’s premises, according to Alemayehu Anticho, manager of the commission’s branch office. Currently, there are 744 containers and 144 trucks stored at the Qality branch, which are nearing their deadline, according to the manager. The Commission also announced that it had confiscated contraband goods valued at 115.7 million Br that were going to enter the city. Clothing, utensils, narcotics, electronics and firearms are among the seized items.


Radar

Central Bank's Auction Sends Dollar Soaring to 135 Br

A dollar value against the Birr exceeds 135 during an auction the Central Bank held last week, offering 60 million dollars. Close to 27 banks made their bid where the weighted average was 135.61 Br for a dollar. The National Bank of Ethiopia (NBE) announced the results of the special foreign exchange auction, the second since monetary authorities floated the forex regime in early August last year. Last week's result reflects a weaker Birr than in the first when the average rate was 107.9 Br....


Radar

Ethio Telecom Bids to Dominate Ethiopia's Digital Future

An array of services from digital livestock tracking, push-to-talk/video communications to cloud-based banking, an education management system (EMS), and enterprise resource Planning (ERP) are available from the state-owned Ethio telecom. Ethio telecom has introduced seven new cloud-based digital services last week at the Skylight Hotel, on Africa Avenue (Bole Road), pledging to transform business operations, financial services, and education management. The company said that these solutions...


Radar

Addis International Convention Centre Inaugurates

The much-anticipated Addis International Convention Centre, spanning 40 hectares, was officially inaugurated last week. It is set to become the country's largest conference venue, designed to host both national and international events. The centre features two large halls, each accommodating 3,000 to 4,000 people. It also includes eight smaller meeting rooms, bringing its total capacity to 10,000 attendees. Two hotels, with a combined 1,000-bed capacity, will serve both local and internationa...