Latest Business Alerts

15th CODATU Conference Launched in Ethiopia

The 15th conference of the Cooperation of Urban Mobility in the Developing World was launched in Ethiopia this week.

The conference is being held under the theme of the ‘Role of Urban Mobility in (Re) Shaping Cities.’The conference comprises of a range of different activities including a photo exhibition according to sources.

The conference is intended to showcase the transport and urban development activities taking place in the country said Engineer Fekade Haile, General Manager of the Addis Ababa City Roads Authority.

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New Biofertilizer Technology to Improve Productivity

A new soyabean bio fertilizer technology introduced to farmers in Jimma improved productivity according to the Ethiopian Agricultural Research Institute.

Utilizing the new soybean bio fertilizer will not only improve productivity but it will also decrease fertilizer costs said Dr. Solomon Assefa, Director General of the Institute.

The agricultural institute is committed to the expansion of the technology across the country in partnership with different stakeholders he noted.

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Female Food Heroines to Be Awarded

An initiative to recognize and encourage female farmers and pastoralists in the bid for food security in Ethiopia is to recognize ten women under the theme of ‘Female Food Heroines.’

The organizer of the award Together for Food Security Initiative announced at the Jupiter Hotel by the organizer. The press conference held to announce the award had the aim of involving the media in raising proper awareness and recognition for female farmers and pastoralists contributing to the fight against poverty, hunger and unemployment explained the organizers at the time.

The award also intends to highlight the daunting challenges faced by women in the field of agriculture as symbolized by the achievements of the Food Heroines.

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Aviation College to Start Operations in Ethiopia

A new center for aviation sector training is to be opened in Ethiopia. The new center, the National Aviation College, is a collaborative venture between the National Airways of Ethiopia and Kenya Aeronautical College.      

The college is intended to cater to the requirements of the Aviation Sector which is in need of skilled manpower.

The institute will launch operations by offering training to ticket sales personnel and travel agents as well as cabin crew noted Captain Abera Lemmi, General Manager for National Airways.

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National Insurance Registers 25.2 Million Birr in Profits

The National Insurance Company of Ethiopia registered 25.2 million in profit before taxes for the previous financial year. The profits recorded by the insurer have increased four times over in the last twenty years according to sources.

The company’s before tax returns had been no more than 5 million birr in the past years according to Tewdros Bogale, Deputy General Manager of Corporate Affairs with the NICE.

The insurance company’s net profit after taxes was nearly 18 million birr enabling it distribute 1096 birr per share to its shareholders.

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