2merkato

Bombardier planes on order and in service in Africa under Ethiopian Airlines and other operators total to more than 40 aircraft according to the international aircraft manufacturer.

The Bombardier aircraft that are in service in Africa include the Q400, Q400 NextGen, C series and CRJ family of airplanes.

Some of the forty Q400 and Q400 NextGen aircraft that are under order at this time are a part of the company’s designs to deliver a projected 180 business jets in 2012 according to Eric Martel, President of Bombardier Customer Services and Specialized and Amphibious Aircraft. 

The Ethiopian Privatization and Public Enterprises Supervising Agency earned 6.7 billion birr in revenue in the last fiscal year which showed an increase of 5.7 billion birr from the 1 billion birr projected for the enterprise.

A significant percentage of the revenue raised by PPESA, estimated at 6.18 billion birr, was raised from the auction of public companies up for privatization. Payments deferred from transactions made in previous years accounted for 464 million birr while 50 million birr was raised from transfer differences, fines and other sources of revenue.

The Agency also earned 8.7 million birr from lease sources.

The Land Bank and City Renovation Project Office of the Ethiopian Capital Addis Ababa is to split into independent agencies to implement the new land lease proclamation.

Implementing the proclamation will be the primary task of the Land Bank and Transfer Agency which will be officially formed in three months time.

The new agency will be in charge of handling auctions and arrange plots for development under its land bank system and transfer to investors as well as collecting lease payments and controlling the launch of construction activities according to lease agreements.

Ethiopia is to launch a petroleum development enterprise which will facilitate the development of the natural gas reserves discovered in the Ogaden Basin.

Decision to set up the enterprise was reached after the failure of several attempts to develop the natural gas reserves in the region by granting petroleum development licenses according to a senior official with the Ministry of Miners.

The petroleum development enterprise will offer an opportunity for a joint venture with a reputable international oil and gas company explained the official.