2merkato

The Ethiopian Shipping and Logistics Enterprise is expecting to receive nine sea going vessels it had ordered with Chinese companies by the end of the current financial year. The enterprise is to acquire the vessels at a total cost of four billion birr, it was said.

The vessels are expected to enhance the ESLSE’s freight capacity significantly noted Ahmed Tussa, Chief Executive of the Enterprise.

It is to be remembered that there is currently a study underway to evaluate the possibility of outsourcing the management of the ESLSE to a foreign firm and Bolloré could be considered by the government should it be decided that this course of action is the most viable option according to Diriba Kuma, State Minister for transport.

Ethiopian Airlines is to preparing to launch a new flight route to Madrid starting from the coming June according to sources. The airline is hoping to offer flights to Madrid three time a week as of June 15 if things go according to plan.

Management at Ethiopian have been in touch with the Administration of the Madrid Airport and the Spanish Civil Aviation Authority to discuss the details involved with the planned flight service said the sources.

The public relations office of Ethiopian Airlines is yet to confirm the planned flight beyond saying that a study has been launched to review the potential of the route but a decision has not been made either way.

Ezana Mining Development is set to launch a large scale gold mining project in Tigray Regional State, Northern Ethiopia. The mining development company signed an agreement with the Ethiopian Ministry of Mines late last week.

The agreement signed between Sinkenesh Ejigu, Minister for Mines and Ataklit Araya, General Manager of the mining company will enable Ezana to launch large scale gold mining activities. It was noted at the time that Ezana has already been operating gold prospecting activities in the area with significant results.

The mining company plans to invest 393.7 million birr to implement its project with plans to mine 2017 kilograms of gold in the next two years. The project is expected to open employment opportunities for more than 106 people it was said.

The Ethiopian Commodity Exchange was only able to attract a single bidder for the seat it offered for bid. The seat was put on sale through the exchange after Ural Industries to relinquish its seat on the ECX.

The only interested bidder for the sea was Dejen Industrial plc which made an offer of 1.3 million birr for the seat on the exchange.

It is to be remembered that the trade volume of the exchange reached 21 billion birr in the last financial year while its trading volume increased to 601,000 tons announced the ECX.

The Ethiopian Shipping and Logistics Enterprise is undertaking an expansion project on Mojo Dry Port at an estimated cost of 718 million Birr. The project, already launched was officially announced this week in Addis Ababa.

The expansion project includes plans to construct an international standard containers’ terminal on 8.6 hectares of land according to Getaneh Abate,  Modjo Branch Director.    The project is designed to have three phases that will help to upgrade the dry port service to a higher level he added.

Currently six projects of the first phase are well in progress, all of which are to be constructed by the Federal Water Works Construction Enterprise according to Getaneh.

The Ethiopian Ministry of Urban Development and Construction issued a detailed implementation strategy for the proper enactment of the land lease proclamation on December 26, 2012.

The strategic plan helps with the proper implementation of the proclamation according to Israel Tesfaye, Head of the Ministry’s Land Development and Administration Bureau.

The plan aims at addressing issues including land development, rehabilitation and transfer as well as cadastral information management in a demarcated manner in the industrial zones. The implementation strategies are also expected to help embrace all zones within the lease system.

Kaizen, Ethiopia organized a seminar last Thursday on how to implement the philosophy of Kaizen in the country. The seminar was held at the Ethiopia Hotel.     

The Ethiopian Kaizen organized the seminar for those organization engaged in the areas of public relations and media with the aim of the promotion and dissemination of the concepts of Kaizen to a wider audience.

Ethiopian Airlines is committed to developing its human resources in order to maintain its leading role in the aviation industry, according to Tewolde Gebre-Mariam, Chief Executive of the airline.

The airline is concentrating on human resource development in order to address the shortage of skilled human power for itself and other airlines.

Ethiopian has been concentrating on its human resource development for the last ten years but was limited because of the training capacity of its aviation academy which could only train 200 people a year. The airline is now able to train 1,000 people according to its current capabilities but this is still not enough to meet domestic and international demands for personnel which has led the airline to revise its human resource development plan with a view towards increasing the number of people it can train said Tewolde.

Addis Bank announced 7.81 Million birr in profits in its first year of operations. The bank’s unique achievement was mainly due to income earned through indirectly channeling funds between borrowers and lenders as well as other non-interest bearing activities said Hailu Alemu, president of the Bank speaking at the Bank’s general assembly, held at Kokeb Building.

The Bank was also able to significantly reduce its expenses over the fiscal year. He added.

“This incredible result was recorded because of two reasons, which are integrity-based service and cost controlling mechanisms,” said Hailu.

The Ethiopian Ministry of Industry has made 10 plots of land available for eight domestic and international investors in the manufacturing sector who have requested land to build industrial zones.

These plots are a part of the 13 reclaimed by the Addis Ababa City Administration for failing to properly develop them.
The plots each cover 2, 800 meter squares and are found in the Akaki Kality and Mekanisa Lebu districts.

The companies granted the land are involved in the manufacture of garments, shoes, metal and agro processing sectors.