Latest Business Alerts

Ethiopian Airlines to Launch New Cargo Flight

Ethiopian Airlines, Ethiopia’s flag carrier, is to launch cargo flights to Europe and the Middle East from airports in Bahirdar and Mekelle. ethiopian_airlines_logo

The groundbreaking initiative is intended to promote investment in regional cities by allowing businesses located there direct access to international markets said Dereba Kuma, Minister of Transport.

The airline expects to provide cargo services for meat and horticultural products from these airports explained Dereba presenting the seven month performance report for the transport sector to the House of Peoples Representatives.

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Nine Farms to Be Privatized in Ethiopia

The Privatization and Public Enterprises Supervising Agency of Ethiopia is expected to put up nine state owned farms for privatization in the next financial year. PPESA plans to privatize the farms on a full management agreement.

The nine farms to be privatized are the five farms operated by Arsi Agricultural Development Enterprise and the four managed under the Bale Agricultural Development Enterprise.

The AADE farms are Arba Gugu, Goffer, Garadila, Lole and Temela while the BADE farms consist of Sinana, Robe, Herero and Hunte farms.

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Ethiopia Cancels Bids for Awash Winery

The Privatization and Public Enterprises Supervisory Agency, Ethiopia cancelled the proposal to sell Awash Winery due to unsatisfactory bids.

The agency had cancelled four previous tenders for the winery for similar reasons.

The sole bid for the winery was an offer of 201 million birr received from the partnership between Mulugeta Kiros and Tigist Demeke. PPESA declined the offer as being lower than the minimum it had expected.

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Ethiopia Negotiating with Walmart

Ethiopia is in the process of negotiations with multinational retailer Walmart to facilitate the entry of the corporation in the Ethiopian market.

A delegation sent by the Ethiopian government met with officials from the US based corporation last week according to sources.

The Ethiopian government is considering the move to invite Walmart as part of ongoing efforts to curb the surge of commodity prices.

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Ethiopian Airlines to Fly to Benin

Ethiopian Airlines, Ethiopia’s flag carrier, has announced plans to fly to the Republic of Benin beginning on the 15th of June.

Ethiopian will operate non stop flights between Addis Ababa and the economic capital of Benin, Cotonou every Monday, Wednesday, and Friday, with return flights from Cotonou to Addis Ababa scheduled for Tuesdays Thursdays and Saturdays.

Ethiopian offers accessible and convenient contact between Eastern-Western parts of Africa as well as between destinations in the North and South of the continent through its strategically located hub in Addis Ababa according to Tewolde Gebremariam, Chief Executive Officer of the airline.

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