Selam Bus S.C.
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Selam Bus Received Award for its Quality Service |
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Selam bus has been awarded by Ethiopian Quality Award organization (EQAO) on Dec 17 2009 for its exemplary organizational excellence of the budget year 2009 quality award program based on seven fundamental criteria of EQAO. The award has been received at Sheraton Hotel from the Honorable Athlete Dr Haile Gebreselassie in the presence of the President of Federal Democratic Republic of Ethiopian, Ato Girma Weldegiorgis. 
The General Manager of Selam Bus, Ato Berhanu Kebede, Receiving the Award from Dr Haile G/selassie EQA was established in January 2008 by the Addis Ababa University in collaboration with Walta Information Center to award organizations for their remarkable achievements in the product and service sector. President of the Addis Ababa University and EQA board chairman, Prof. Andreas Eshete said that the objective of the award is to enhance quality products and services. The award is designed to appreciate organizations for their achievements in quality and performance. It is also aimed at raising awareness about the importance of providing excellent services in order to compete internationally.
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Selam bus has called its share holders for the second regular general assembly |
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The second regular general assembly of share holders of Selam Bus Line Share Company will be held on Feb 11, 2010 at 8:30 am at Ghion Hotel Saba venue. The chairman of board of directors will present the 2008/09 annual performance report of the company to the general assembly. The external auditor will also report its findings for the budget year under consideration. |
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Court Declares EIG Bankrupt |
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The 11th Civil Bench of the Federal High Court declared the Ethio Investment Group (EIG) bankrupt on June 26, 2009. The series of rulings occured after an appeal was made by Selam Bus S.C., claiming Ethio Investment reneged on a contract signed between the two parties. The Court adjourned the case until July 13, 2009, ruling that Selam Bus must nominate a commissioner and a trustee for the liquidation of EIG's asset. The case is considered exceptional since Ethiopian bankruptcy laws, found in the last chapter of the Commercial Code, are the least known and practiced parts of the legal system, according to Zekarias Kena, lecturer at the Law Faculty of Addis Abeba University. Instead, there is a huge reliance by lenders on foreclosure law. It is only recently that bankruptcy cases, such as filed by Selam Bus, began to increase. Selam Bus claims that EIG is insolvent, and unable to pay its debts to third parties. It also alleges the vehicle importer has failed to deliver 15 buses, each with 48 seats, procured in August 2007. |
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Selam bus Floats Tender for the Purchase of 15 units of Luxury Coaches |
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Selam bus has invited 10 suppliers to participate on the tender for the supply of 15 units of 47+1+1 luxuries intercity super high deck coaches. The name of these suppliers who are selected to participate on the tender are Maru Metal Industry (SCANIA), ORBIS (Mercedes), Ultimate Motors (Hyndai), Abeba Giday (MAN), AMCE (IVECO), AGAD (Yutong), National Motors (RENAULT), Equatorial Busines Group (VOLVO), Ethio-Nippon, ELBA. |
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Selam Bus offers second rounds of shares to public |
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Selam Bus Line Share Company gladly announces that the Sell of 4,800 shares each share valued at Birr 5,000 each plus subscription cost of 1% of the value of shares purchased payable in full on application at par for each value through the Branch network of Wegagen bank starting from April 20 2009. |
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