2merkato

Singapore Airlines and Ethiopian Airlines customers will be able to enjoy seamless travel to more destinations as a result of an expanded codeshare agreement between the Star Alliance partners.

Under the agreement, codesharing has been expanded with immediate effect to Ethiopian Airlines-operated flights between Singapore and Addis Ababa, Ethiopia’s capital, via Bangkok, and flights between Addis Ababa and Pointe Noire in Congo, Accra in Ghana, Entebbe in Uganda, and Kigali in Rwanda.

Ethiopian Airlines, the fastest growing and the most profitable African airline, won the 2013 "African Airline of the Year Award" from the African Airlines Association at its 45th Annual General Assembly meeting held between 25 and 26 November 2013, in Mombasa, Kenya.

Ethiopia's state-owned Ethio Telecom said on Thursday it had selected Huawei Technologies Co Ltd, a Chinese telecom equipment manufacturer, to upgrade Addis Ababa's network infrastructure to a high-speed 4G network, Reuters reported.

The upgrade is part of a US$1.6 billion contract concluded in July and August between Ethio Telecom, Huawei and ZTE Corp., China's biggest telecom equipment makers, to expand mobile phone network throughout Ethiopia.

Ethiopian Insurance Corporation (EIC), a state owned enterprise, reported 203.5 million birr profit during the first quarter of the fiscal year, Walta Information Center reported.

The companies earning includes general and life insurance services as well as other investments, according to Fikru Tsehaye, EIC’s Marketing and Strategic Management Directorate Team Leader.