2merkato

Yigzaw Mekonnen is to be the new General Manager of Yetebaberut Beherawi Petroleum after resigning from his post as Managing Director of the Ethiopian Petroleum Enterprise.

Yigzaw has been with EPE since he joined the Asseb Refinery in Eritrea two years after graduating from the Engineering Department of Addis Ababa University. He went to do a Master’s Degree in Management from the Open University of London.  

Yigzaw is leaving the enterprise at a time when it is restructuring to merge with the National Petroleum Depot Administration. Mekonnen Teshome, a senior manager at NPDA will temporarily take over from Yigzaw it was learned.

The Association of Chartered Certified Accounts is lobbying for the launch of a capital market in Ethiopia said Martin Turner Vice President of the ACCA.

The ACCA will consult with Ethiopian policy makers and regulators to support the establishment of a capital market in Ethiopia he said.

Ethiopia will need access to capital if the country is to grow its presence on the international stage according to Turner. The country could gain access to capital in many ways but a capital market is a very important element he noted.

The 3rd Metal and Engineering International Exhibition was opened in Ethiopia. The exhibition is targeted at promoting the metal industry sector and developing market relationships between the domestic and international metal institutions.

It is expected that the exhibition will serve as a platform to bring together those engaged in the sector.

Several project launched in Ethiopia as part of developmental initiatives such as the railway network, hydro electric power generating dams, sugar and fertilizer factories all require a significant amount of input from the metal sector according to Tadesse Haile, State Minister for Industry.

The Aviation Academy of Ethiopian Airlines, Ethiopia’s flag carrier, graduated 106 pilots, cabin crew and marketing agents.

Twenty of the graduates are pilots, while 43 are cabin crew and 43 are marketing trainees.

The graduating pilots have successfully completed the commercial piloting course offered by the academy with instrument and multi-engine ratings. Trainees undertook 695 hours of instruction in class and 170 hours of practical flight training on both multi-engine and single engine aircraft as well as 25 hours in a range of training devices and simulators throughout the course of the two year training program.