Latest Business Alerts

Kenya Airways Invites Ethiopian Airlines to Merge

Kenya Airways issued an invitation to merge to Ethiopian Airlines and South Airways. The Kenyan airline extended the invitation in a bid to become more competitive on the global market and to face the challenge from large non African airlines.

The invitation was issued at the 44th African Airlines Association Annual General Assembly held in Johannesburg last week. The idea of the sub-Saharan allies merging to create a union to withstand the current global competition was suggested by Titus Naikuni, CEO of Kenya Airways speaking at the conference.

The proposal was accepted in principle by Tewolde GebreMariam CEO of Ethiopian Airlines. Size is an important factor in the aviation sector which depends on economies of scale he noted. As far as Ethiopian Airlines is concerned the idea of a major pan-African Airway is considered positively said Tewolde.

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Ethiopia to Privatize 20 Public Companies in the Current Year

The Ethiopian Privatization and Public Enterprises Supervising Agency said that it intended privatization of 20 public enterprises in the current Ethiopian budget year according to an announcement made on 1st December.

The agency anticipates that it will earn more than 3.3 billion Birr from the privatization efforts planned for this year said Wondafrash Assefa Corporate Communication Director for the agency.

17 of the enterprises are expected to be sold directly in the privatization process said Wondafrash.

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2nd Ethio-German Forum Opens

Konnect, an Ethio-German forum aimed at creating business networking and collaboration between Ethiopia and Germany is being held in Addis Ababa for the second time.

The forum is taking place at the offices of the German Development Cooperation under the motto of "Innovation through Migration".

The two days forum is expected to offer opportunities for both experts and companies to create links and promote collaboration to enhance the transfer of technology said Kokebe Haile-Gabriel, Coordinator of the Migration and Diaspora Program of the CIM.

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MetEC to Train Homeless People

The Ethiopian Metal & Engineering Corporation (MetEC) has announced a four year plan to train 80,000 street people in various fields at an estimated cost of 30 million Birr. The project is expected to reduce the number of homeless adults in Ethiopian streets.

Elshadai Relief and Development Association has taken on the task of recruiting homeless adults from the streets of the country. The local NGO will announce the registration process in all towns through notifications posted around towns where the people targeted are said to live. It is expected that a majority of the recruits will be women.

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Access Survey On Inflation Released

Inflation rates for food items were mixed in the last quarter of the financial year according to a research released by Access Capital.

The inflation on important food items showed some increases compared to the last financial year according to the report. Some improvement however was observed in the price of other food items like cooking oil.

Items that showed a double digit increase in this quarter of the year were teff, table salt, green pepper, and onion while Broccoli showed a 200 percent increment. On the other hand a price decrease was seen on the price of some construction materials like iron, cement, and cables while wood materials have also increased in double digits.

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