2merkato

Gafat Endowment has announced plans to invest 7 billion birr in Ethiopia to establish a paper and pulp project, Tana Paper and Pulp Factory S.C, in the Amhara Regional State

The project will also include a pulp wood farm for a variety of Eucalyptus trees especially adapted to produce pulp.

Abyssinian Flight School, Ethiopia is to merge with a US company internationally recognized in the sector according to Solomon Gizaw, managing director of the Ethiopian Flight School. An initial investment capital of 10-20 million US dollars is proposed.

The venture will become operational with the construction of dormitories and the set up of high technology simulators said Solomon.

SoleRebels, Ethiopia won 50,000 US dollars as one of the finalists at the Africa Award for Entrepreneurship. Bethlehem Tilahun Alemu, Founder and Managing Director of soleRebels accepted the award on behalf of the company at the event held in Nairobi.

“I am elated by this award. It is recognition that soleRebels is at the forefront of a new business paradigm on the continent, one where African driven businesses and brands are elevating Africa’s global competitiveness by winning in the global marketplace” said Bethlehem.

Captain Desta Zeru, Vice President Flight Operations will fly the Boeing 787 Dreamliner from Haikou China to Addis Ababa on the 11th of December. The Dreamliner will make a stop in Ethiopia as part of the Dream Tour promoting the 787. 

The ‘Dream Tour’ will allow Boeing customers and partners across the world to experience the innovative technology offered on the company’s most fuel efficient aircraft to date said a statement from Boeing.