New Duty-Free Store Opens at Skylight Hotel


New Duty-Free Store Opens at Skylight Hotel

Country Trading PLC announced the opening of its second duty-free store, dubbed 'Millennium Duty Free', located inside Skylight Hotel last week. The store will also cater to the city's diplomatic corps in addition to transit Ethiopian Airlines' transit passengers staying at the hotel. Ashenafi Embeza, head of Country Trading PLC, stated that the company aims to provide an elevated shopping experience for international travelers while generating forex earnings. The store will offer products including alcohol, perfume, accessories, and fine foods. Biniyam Berhe, owner of Country Trading, noted the company's duty-free shop in the airport now operational for several years. He adds that the new store aims to reach international guests staying at the hotel. “Locals cannot purchase from the shops,” he said, adding that they are planning to open a shop for locals in the future.


Radar

Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting...


Radar

Central Bank Holds Fourth Exchange Auction

The National Bank of Ethiopia(NBE) sold one dollar for 131.4961 birr in its recent auction. It was reported that 26 banks participated in this auction, which took place last week on Thursday. In a statement issued by the National Bank  following the auction, it was indicated that 70 million dollars was offered for the event. Subsequently, it was reported that 96 pc of the foreign exchange needs of the participating banks were met. In the previous auction, held 15 days ago, the bank had of...


Radar

City Registers 64,075 Births in Fiscal Year

The city has exceeded its birth registration target for the first nine months of the fiscal year, registering 64,075 children—71.15pc more than the set goal of 58,342. This success, with a registration coverage rate of 109.63pc, is largely attributed to the efficiency of the one-centre birth registration service system, which has been rolled out across health centres and courts. The total number of vital events registered, including births, adoptions, marriages, divorces, and deaths, reache...