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ECX Seat Attracts Single Bid

The Ethiopian Commodity Exchange was only able to attract a single bidder for the seat it offered for bid. The seat was put on sale through the exchange after Ural Industries to relinquish its seat on the ECX.

The only interested bidder for the sea was Dejen Industrial plc which made an offer of 1.3 million birr for the seat on the exchange.

It is to be remembered that the trade volume of the exchange reached 21 billion birr in the last financial year while its trading volume increased to 601,000 tons announced the ECX.

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Ethiopian Airlines Contemplating Flights to Madrid

Ethiopian Airlines is to preparing to launch a new flight route to Madrid starting from the coming June according to sources. The airline is hoping to offer flights to Madrid three time a week as of June 15 if things go according to plan.

Management at Ethiopian have been in touch with the Administration of the Madrid Airport and the Spanish Civil Aviation Authority to discuss the details involved with the planned flight service said the sources.

The public relations office of Ethiopian Airlines is yet to confirm the planned flight beyond saying that a study has been launched to review the potential of the route but a decision has not been made either way.

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ESLSE to Take Charge of Nine Vessels this Year

The Ethiopian Shipping and Logistics Enterprise is expecting to receive nine sea going vessels it had ordered with Chinese companies by the end of the current financial year. The enterprise is to acquire the vessels at a total cost of four billion birr, it was said.

The vessels are expected to enhance the ESLSE’s freight capacity significantly noted Ahmed Tussa, Chief Executive of the Enterprise.

It is to be remembered that there is currently a study underway to evaluate the possibility of outsourcing the management of the ESLSE to a foreign firm and Bolloré could be considered by the government should it be decided that this course of action is the most viable option according to Diriba Kuma, State Minister for transport.

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Ethiopian Airlines to Develop Human Resources

Ethiopian Airlines is committed to developing its human resources in order to maintain its leading role in the aviation industry, according to Tewolde Gebre-Mariam, Chief Executive of the airline.

The airline is concentrating on human resource development in order to address the shortage of skilled human power for itself and other airlines.

Ethiopian has been concentrating on its human resource development for the last ten years but was limited because of the training capacity of its aviation academy which could only train 200 people a year. The airline is now able to train 1,000 people according to its current capabilities but this is still not enough to meet domestic and international demands for personnel which has led the airline to revise its human resource development plan with a view towards increasing the number of people it can train said Tewolde.

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Kaizen Seminar Held in Ethiopia

Kaizen, Ethiopia organized a seminar last Thursday on how to implement the philosophy of Kaizen in the country. The seminar was held at the Ethiopia Hotel.     

The Ethiopian Kaizen organized the seminar for those organization engaged in the areas of public relations and media with the aim of the promotion and dissemination of the concepts of Kaizen to a wider audience.

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