2merkato

Tsehay Industrials plc is to takeover the publicly Kality Metal Products Factory three months after being declared the winner in the privatization bid tendered by the Ethiopian  Privatization and Public Enterprises Supervising Agency.

The handover process was delayed for three months while the agency reviewed the company’s financial capacity to run the factory once it takes it over.  Tsehay acquired the manufacturing company for 55 million birr and has paid 35% pre-payment and will pay the remaining 65% over five years.

Ethiopian Airlines is to improve cargo services to increase foreign trade in the country. The airline is in the process of constructing a cargo terminal with the capacity to handle 1.2 million tons of cargo as part of its ambition to improve the services according to the Public Relations Office of the airline.

The construction of the terminal will be carried out in two phases.

Ethiopian will also plan to construct a cold warehouse in the next four months to aid in efforts to develop cargo services.

The Ethiopian Radiation Protection Authority took steps to protect the public from radiation by enacting corrective measures on 58 institutions it announced.

The authority carried out inspections on the institutions in response to tips received from the public in Addis Ababa and other parts of the country according to Abdurezak Oumer, Director General of the Authority.

The authority has banned services that were delivered through equipment that emitted unacceptable levels of radioactivity he said.

Ethiopian Airlines has registered rapid and profitable growth in the past two years in spite of the global economic crisis and periodic increases in petroleum price.

The increase in petroleum prices, the global economic crisis and political instability in the Middle East has been a significant challenge for other airlines according to the Public Relations and Communication Service of the airline.  

Ethiopian Airlines managed to remain profitable and competitive during this financial year by synchronizing its services with the demand market and offering favorable flight conditions for passengers.