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

New Directive Hikes Service Fees for Foreign Investors in Free Trade Zones

The Ethiopian Investment Board has issued a new directive revising the service fees from foreign investors payable in dollars to the Ethiopian Investment Commission (EIC), introducing updated rates for both the One Stop Shop and designated Free Trade Zones. The revised directive came into effect this April following its publication on the websites of the Ministry of Justice and the EIC. Issued pursuant to Article 23 of the Special Economic Zone Proclamation, the directive outlines charges for...


Radar

City Tables 350B Br Budget Plan for Upcoming Fiscal Year

The City Administration has approved a resolution to submit a proposed budget of 350 billion Br for the 2025/26 fiscal year to the City Council for deliberation. According to the Administration's statement on its official social media page, the draft budget is designed with a central focus on poverty reduction, encompassing targeted subsidies for sustainable development, investment in large-scale job-creating projects, and enhanced service delivery to address the growing demands of the reside...


Radar

Ethiopia, UN Launch Joint Plan to Drive Development Through 2030

The Ethiopian government and the United Nations (UN) have signed a five-year development plan outlining national priorities from 2025 to 2030. Signed on June 20 at the Ministry of Finance, the United Nations Sustainable Development Cooperation Framework (UNSDCF) with implications that it aligns with Ethiopia's reform goals and the Sustainable Development Agenda. The plan is backed by a projected 6.5 billion dollars, though only 1.5 billion dollars is currently secured. It focuses on closing t...