Ethiopians in the Diaspora to Build the Largest Grand Mall in Addis Ababa
A group of Ethiopians in the Diaspora are going to build a large business center in Addis Ababa at a cost of 2.6 billion birr, Fana Broadcasting Corporate reported.
Ethiopians in the US Consider Investing Here
Areas of interest include real estate, mining, manufacturing, healthcare and agro-industry.
Ethiopians living in the United States are going to discuss the existing investment opportunities in Ethiopia at a conference to be held in Washington DC.
The conference, under the theme "Collaborative Investing by the Diaspora", is scheduled to take place on Saturday October 8 at the Washington Marriott Wardman Park Hotel.
The conference is a half a day U.S. private-sector-led initiative. The organisers expect about 300 people to attend the meeting.
Ethiopians to Train Personnel for Ghanaian Exchange
Experts from the Commodity Exchange in Ethiopia are to train stakeholders and personnel of the Ghanaian Commodity Exchange according to Ms. Hanna Tetteh Ghanaian Minister of Trade and Industry.
The training is to begin in the first quarter of 2012 she said.
Ethiopian’s Market Share in Africa to Grow 10 Fold by 2025
The Ethiopian Airlines said it was planning to increase its market share in Africa by ten folds in 2025 by raising the quality of its service and number of its aircraft.
Tewolde Gebre-Mariam, CEO of the airlines, said that Ethiopian would add 70 modern, fuel-saving aircraft to its fleet.
According to Tewolde, Ethiopian's annual income has now reached 1.6 billion dollars and the company was working to raise it to 10 billion dollars. The airline’s annual number of passengers is currently over three million, three times greater than the number of passengers over the last five years.
Ethiopian’s Revenue Grows by 40 Percent
Ethiopian Airlines announced that its annual revenue had grown by 40 percent in the 2010/11 fiscal year which ended on 7 July 2011. The airline made it in spite of airplane fuel price hike, Tewolde Gebremariam, CEO of the carrier, said.
According to Tewelde, the number of passengers Ethiopian carried in the 2010/11 fiscal year has also grown by 34 percent.
Ethiopian Airlines flies to 63 destinations around the globe and to 17 destinations locally. According to Tewelde, flights to Banguwi, Hanju, Malacal, Milan and Muputo were launched in the fiscal that just ended.
The fuel price hike has claimed 41 percent of the airline’s expenditures according to the ailines’s CEO.
Source: Walta Information Centre
