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Following the space left by Ahmed Tusa, Yacob Yalla has been appointed as the new Chief Executive Officer (CEO) of Ethiopian Shipping and Logistics Service Enterprise (ESLSE). The enterprise was under the leadership of the Deputy CEO since earlier this month.

Ethiopian Aviation Academy, the largest aviation academy in Africa, a full ICAO TRAINAIR PLUS Member designated as a Regional Center of Excellence and an IATA Authorized Global Training Center, is pleased to announce that it has graduated 107 Cabin Crew and Catering professionals as of December 10, 2016.

Oromia International Bank (OIB), one of the private banks in Ethiopia, made 248 million Birr profit in the last fiscal year. The profit is 12 percent higher than the bank’s performance during 2015/2016.

Africa’s largest airline group, Ethiopian Airlines, is pleased to announce that it has been awarded Africa Best Employer Brand and Business Leadership Excellence Awards at the 3rd Edition of AFRICA BEST EMPLOYER BRAND AWARDS ceremony held in Mauritius on December 06, 2016.

500 investment projects with a total capital of 5.3 billion Birr were licensed in the first quarter of the current fiscal year by Amhara State, Ethiopia. Among these projects 24 of them have gone operational and they have created job opportunities for more than 2000 people.

The contractors of Genale Dawa III hydroelectric power project brought in new tunnel boring machine (TBN) to enhance drilling work of headrace tunnels. The machine is going to replace explosives, which the project is using now.

According Central Statistics Agency (CSA), Ethiopia’s year on year inflation has rose to 7 percent in November. The inflation rate in the October was 5.6 percent.

Addis Ababa City Beautification and Administration Agency made a purchase of 20 dry waste loading trucks at an outlay of 105 million Birr. 10 of these trucks are going to be used for compacting and transporting 100 meter cubic dry waste while the other 10 will clean Ethiopia’s capital asphalt roads during the night time.

Tanzanian power utility disclosed that it anticipates to start importing electricity from Ethiopia by 2019.

The Indonesian pharmaceutical company, Sanbe Farma Company, is aiming to invest in pharmaceuticals industry of Ethiopia. Such was disclosed by the company’s president, Dr. Jahja Santose.