Ethiopian to Resume Flight to Athens after 18 Years

Oct 26 , 2019


Ethiopian Airlines, the national air carrier, announced the resumption of its flights to Athens, Greece, effective December 13, 2019, after 18 years. Athens marks Ethiopian's 20th destination in Europe. The ultra-modern B787 Dreamliner will operate the thrice-weekly flight to Athens. "With our direct flight, Greece will be closer to Africa than ever before and to the rest of our global network," said Tewolde Gebremariam, CEO of Ethiopian Airlines. The resumption of the service to Athens will help meet the exponential demand from global tourists, as well as provide them with more connectivity options within Ethiopia's extensive global network, the airline stated. Ethiopian Airlines' profit increased by 19pc to 232 million dollars in the 2017/18 fiscal year, and the airline transported 340,000tn through its cargo services. Ethiopian Airlines has more than 100 international destinations, 19 domestic routes and 39 freighters.


Radar

New Unit to Oversee City Tax Audits

The Addis Abeba City Administration Revenues Bureau has launched a new work unit to ensure the quality of tax audit decisions through a re[1]auditing procedure. According to Adane Sule, the head of the bureau's office, the new audit quality assurance unit will seek to address gaps and malpractices that previously existed due to the absence of a similar body to verify tax audit decisions. He asserts that the unit's main goal is to re-audit decisions, verify their quality and relevance, and correc...


Radar

Shipping Behemoth Beats Profit Target Despite Cargo Dip

Ethiopian Shipping & Logistics (ESL) announced its six-month performance report for the fiscal year, revealing a mixed outcome. While it achieved 95pc of its operational service target, handling 2,880,187tn of cargo, this represents a slight decrease compared to the same period in the previous fiscal year. The ESL attributed this dip primarily to global difficulties, notably Red Sea shipping disruptions. Despite these hurdles, the company reported exceeding its profit targets. Projecting...


Radar

Customs Hits Revenue Target, Cracks Down on Smuggling

The Ethiopian Customs Commission announced that it has exceeded its revenue collection target for the first six months of the fiscal year. The Commission collected 203.75 billion Br, surpassing the planned 190.9 billion birr by 106.73pc, representing a 106.7 billion Br increase compared to the same period in the previous fiscal year. Commissioner Debele Kabeta noted that coordinated efforts with other institutions to prevent contraband contributed to the successful outcome, resulting in the seiz...