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The aviation sector in Ethiopia is showing growth according to all standards announced the Ethiopian Civil Aviation Authority.

Ethiopian civil aviation is at the average standard internationally and amongst the few African countries with a safety record of 200 departures as compared to just 105 three years ago explained Endeshaw Yigezu, Directory of the Air Transport Planning Directorate of the authority.

The authority encourages private investment in the sector by offering a range of privileges in accord with the Investment Code such as duty free import privileges, and priority in various sectors including exploration, tourism, aerial and humanitarian sectors he said.

Private investors however are inhibited by financial constraints and the shortage of comptent aviation personnel noted Endashaw.

Small-scale avocado farmers in Lommee District, located in the East Shewa Zone of Oromia State, Ethiopia, are making preparations to export 857 quintals of avocado products to Spain.

Ethiopian Airlines is pleased to announce that Ethiopian Aviation Academy, the largest aviation academy in Africa, has been awarded full membership of the ICAO TRAINAIR PLUS from May 20, 2015.

Dashen Bank Share Company announced a profit of more than 630 million birr in 2010/11 fiscal year. The announcement was made at the 17th regular meeting of the bank on Tuesday in Addis Ababa, Ethiopia.

The Bank paid 179 million birr in profit tax to the government from its profit according to Teklu Haile Chairperson of the Board of Directors.

The Development Bank of Ethiopia (DBE) approved last Tuesday a 1.52 billion birr loan to Habesha Cement.

The company had sought from the bank 70 percent of the fund it need for setting up a cement factory in the country.

The bank is currently drafting the loan agreement and it is expected that the parties will sign the deal next week.

The annual production capacity of Habesha’s first factory is projected to be 1.4 million tonnes of cement a year, according to Mesfin Abi, CEO of the company.