Ethiopia’s Ministry of Finance will assume the debt of the Ethiopian Railway Corporation after restructuring negotiations with Chinese creditors reached a final stage, giving the state owned enterprise a major financial reset.
The Ethiopian Railway Corporation is to terminate its consultancy agreement with Swedish National Road Consulting according to sources.
The subsidiary of the Swedish Transport Administration officially stopped operations on the Sebeta-Mei’so-Dewale railway project it was learned.
The consultancy agreement was terminated on the basis of the corporation’s agreement with Chinese Import-Export Bank, which is financing the project according to Debo Tunka, Deputy Chief Executive of the Infrastructure Division of ERC.
Ethiopian Civil Aviation Authority has rated as a strong aviation in Africa by International Civil Aviation Organization (ICAO), Ethiopian News Agency reported.
Ethiopia’s flag carrier, Ethiopian Airlines, took delivery of its 11th Boeing 787 Dreamliner.
Ethiopian Airlines, the largest, fastest growing and most profitable airline in Africa, is pleased to announce that it has been named for the fourth year in a row as the Airline of the Year by the African Airlines Association (AFRAA) at its 47th Annual General Assembly held between 8 and 12 November 2015, in Brazzaville, Republic of Congo.
