Latest Business Alerts

Ethiopian Airlines Revenue Increases by 50.4%

Ethiopian Airlines, Ethiopia’s flag carrier, was able to earn record operating revenues registering a growth of 50.4% in the first two quarters of the financial year according to Tewolde Gebremariam, Chief Executive Officer of the Airline.

The higher earning of the airline enabled it to absorb the 55% in increase and remain profitable in spite of a declining profit margin said Tewolde.

The growth registered by Ethiopia from July 8-Janury 9, the first six months of the Ethiopian financial year, is remarkable he said.

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Ethiopian-German Business Conference to be Held in Cologne

The Ethiopian-German Business Conference is to be held in Cologne Germany on the 6th of July. The conference aims to concentrate on marketing German goods in Ethiopia, enhancing networking opportunities between Ethiopian and German business and the effective use of innovative German products on the Ethiopian market.

The conference also hopes to create a positive image about Ethiopia and promote the range of investment opportunities available as well as working to enhance the relationship between the two countries.

Gunter Nokkie, the G8 Representative of Africa for the German Chancellor and Tadesse Haile, Ethiopian State Minister of Industry are both expected to the attend the conference which will be the first of its kind to held in Germany.

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NOC Inaugurates Blending Facility in Ethiopia

National Oil Company inaugurated the third ethanol and regular benzene blending plant in Ethiopia. The blending facility was established on 52 thousand square meters of land at a cost 45 million birr.

The NOC blending facility has the potential to blend 1000m3 of ethanol and regular benzene daily. The plant has three tanks able to store 3,200m3 of ethanol, regular benzene and diesel.

The facility is also equipped with an LPG storage and filling plant with the potential to fill 2,000 cylinders a day. 

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India to Follow Through on Agreement Reached with Ethiopia

India is to establish a Barefoot Training College, an ICT Center and a Farm Science Center in Ethiopia as part of the pledge to support 80 capacity building institutes in Africa at the Second India-Africa Forum Summit held in Addis Ababa last May.

The new institutions will be in addition to the Vocational Training Center agreed upon at the first India-Africa Forum according to Bhagwant Bishnoi, Indian Ambassador to Ethiopia speaking at the Indian Technical and Economic Cooperation and International Students day event held at the Hilton Addis Hotel.

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Ethiopian Airlines Re-designs Website

Ethiopian Airlines, Ethiopia’s flag carrier, revealed its new and enhanced website. The newly redesigned website is expected to be more user friendly.

The airlines’ is delighted to improve its customer’s ability to do business with it by enhancing the website said according to Tewolde Gebremariam, Chief Executive Officer of Ethiopian Airlines.

The newly redesigned website will support the airline’s global call center and the various agent offices to be found around the world allowing customers a range of options to communicate and interact with Ethiopian he said.

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