Latest Business Alerts

Former Ethiopian CEO Appointed Chairman of Rwand Air

Girma Wake, former CEO of Ethiopian Airlines, Ethiopia’s flag carrier, was appointed as an advisor on aviation matters to the Ministry of Transport in Rwanda and Chairman of the Board for Rwand Air.

The appointment of Girma as Chairman of the Board was announced by Rwand Air on the 24th of January.

The move is a part of the airlines’ expansion plans explained Rwand Air in a statement following the appointment.

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Ethiopian Airlines to Launch Non Stop Flight to Dammam

Ethiopian Airlines, Ethiopia’s flag carrier, announced plans to launch a new non stop flight from Addis Ababa to Dammam beginning on the 12th of February.     

The flight to be launched to Dammam will allow business people to investigate the investment and recreational potential in the area according to Tewolde Gebremariam, Chief Executive Officer of Ethiopian Airlines.

The flight to Dammam, the capital of the eastern province of the Kingdom of Saudi Arabia, will be the 8th destination in the Middle East for Ethiopian Airlines and its 64th around the world.
 
Source: Ethiopian News Agency

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Computerized Vehicle Inspections to Begin in Ethiopia Next Week

Computerized vehicle inspections and technical investigation are to begin in Ethiopia next week. It is expected that the new form of inspections will enhance transport service and prevent deaths and material damage caused by vehicular accidents.

The new system will better inspect the technical performance of a vehicle and its assorted parts according to Kasahun Hailemariam, Director-General of the Ethiopian Transport Authority.

The new system will also eliminate the subjective and inconsistent manual inspection system that was previously in place and associated corrupt practices explained Kasahun.

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Ethiopia to Sign Air Traffic Agreement with Ukraine

The government of Ethiopia is to sign an intergovernmental agreement on air traffic with the Ukraine.

The draft for the agreement submitted by Borys Kolesnikov, Vice Premier and Infrastructure Minister was approved by the Ukrainian Cabinet this week said a press release from the Infrastructure Ministry of the Ukraine.

The agreement will be the foundation for regular air links between Ethiopia and the Ukraine explained the press release.

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Ethiopia to Privatize Four Farms and Factories

The Privatization and Public Enterprise Supervisory Agency of Ethiopia is to privatize four farms and four factories that are currently publicly owned.

The four farms are Ababo, Bilito, Gojeb and Siraro. Bilito, Gojeb and Siraro farms are divisions of Hawassa Farm Development and Coffee and Tea Development Farm.

The four factories up for privatization are Awash Wine, Ethiopian Marble, Kality Metal and Upper Awash Agro. PPESA is expected to privatize fifty five more government operated enterprises in the future.

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