2merkato

According to CEO of Ethiopian Airlines, Mr. Tewolde Gebremariam, Ethiopian Airlines is preparing to launch private jet services for passengers traveling between Addis Ababa and other African cities, the Daily Monitor reported.The Scheduled operator, which is part of the Star Alliance, is presently working on feasibility study for a new division called ET Executive. The Airlines has still not described which aircraft types it would use for the flights. The CEO further stated that jets seating between 10 and 20 passengers are expected.

Construction of a new refined petroleum pipeline, known as Horn of Africa Pipeline (HOAP), stretching over 550- Kilometers between Ethiopia and Djibouti will commence in June. The agreement for the construction of the pipeline was signed last year, The Daily Monitor reported.

The Ethiopian Investment Commission (EIC) is to revise regulations that slow down the flow of foreign direct investment (FDI) to the country and implement them soon, Walta Information Center reported.

Starwood Hotels and Resorts Worldwide, Inc declared that it would introduce its growing Four Points brand in Ethiopia with a new- build property developed by an Ethiopian company, Alemgenet Trade and Industries PLC, Walta Information Center reported.