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[Nov 2017] Get-AS International Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Hotels Investment Forum Spawns Agreement for Eleventh International Brand

The Fifth Africa Hotels Investment Forum (AHIF) has seen Nibras Hotel Plc, a local company, and Accor Hotels Group signing a technical assistance and management agreement for the hotel which will be established in a building currently being constructed near Banco di Roma at Piazza.

This agreement signed on Thursday October 1, 2015, followed another international agreement signed between Sunshine Business Plc and Hilton Worldwide on September 29, 2015.

The Nibras-Accor deal, for the Novotel brand, was facilitated by Calibra

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Ministry Rations Imported Edible Oil, 40m litres Monthly

The Ministry of Trade (MoT) has rationed the 40 million litres monthly import of edible oil among nine businesses which were previously selected.

The nine businesses include three endowments, one government and five private companies. The MoT selected these out of 300 businesses which had been engaged in the importation of edible oil, of which 70 were still active when the ban was imposed.

Recently, the government decided to lift the ban which had been in place since 2011, preventing private companies from importing edible

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Government to Lift Ban on Private Companies’ Import of Palm Oil

The government, which has been reassessing the ban on the importation of palm oil by private companies, in effect since May 2011, is to lift the ban beginning August 6, 2015.

The lifting of the ban will still preclude the participation of previous major importers such as Get-AS International, Camel Trading Enterprise and Country Trading.

These were among the six major importers along with Al-Sam International and AHFA Plc, who had collectively imported 13 million litres of palm oil in 2011, which the government took from

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