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Ethiopian Airlines, the largest Aviation Group in Africa and SKYTRAX certified Four Star Global Airline, is pleased to announce that it has been certified by ETA umweltmanagement Ltd., an independent environmental verifier, for establishing and maintaining environmental management system in compliance with the requirements of ISO 14001:2015.

Sectors reserved solely for Ethiopians in the Ethiopian Logistics Industry such as packaging, forwarding and shipping agency services, were opened for foreign investors by the Ethiopian Investment Board. The Board’s decision opened the provision of bonded warehouse, consolidation and deconsolidation services and allowed joint venture participation of international logistics service providers holding up to 49% or less shares.

According to Ethiopian Investment Commission, the decision is notable in that it will enhance the supply of high-end logistics services while local companies obtain world class knowledge, skill, management, and systems by working together with globally reputed logistics service providers.

Source: Fana BC

Bagir Group LTD announced yesterday that it had obtained a USD 16 million investment from Shandong Ruyi Technology Group Co Ltd, a Chinese textiles and clothing company, in order to Expand its Ethiopian site.

The United States granted USD 1.1 million to TM Geothermal Operations PLC with a view to supporting the Tulu Moye Geothermal Project which is located in Arsi zone, Oromiya Regional State and which is the nation’s second geothermal plant. The United Stated Trade and Development Agency donated the money to undertake a feasibility study for the first 50MW stage of the planned 520MW project.