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Atlas Dev & Support Services Ltd said it has completed its acquisition of East Africa Packaging Holdings Limited (‘EAPH’).

The Council of Ministers endorsed last Friday the formation of the Ethiopian Shipping & Logistics Enterprise (ESLE).

The enterprise is an amalgamation of Ethiopian Shipping Lines (ESL), Ethiopian Maritime Transit Services (EMTS) and Dry Port Service Enterprise (DPSE).

The initial proposal for the company to be a corporation was abandoned. It is to be formed as a state enterprise instead.

Girma Wake, former CEO of Ethiopian Airlines, Ethiopia’s flag carrier, was appointed as an advisor on aviation matters to the Ministry of Transport in Rwanda and Chairman of the Board for Rwand Air.

The appointment of Girma as Chairman of the Board was announced by Rwand Air on the 24th of January.

The move is a part of the airlines’ expansion plans explained Rwand Air in a statement following the appointment.

The Saudi Star Agriculture Development plc, has named Fikru Desalegn, former State Minister for Capacity Building as its new Executive Director. The retired minister took over, one of the largest agro-industry projects in Ethiopia, as of November 1st said Haile Assegide outgoing executive director and current Chief Executive of Derba MIDROC and Tossa Steel Mill.

The new Executive Director will oversee the agro-industry project launched by Saudi Star in Gambella Regional State. He is expected to mange the operation of the rice farm as well as direct the construction of two mills in Gambella and Bishoftu.

Ethiopia grants license to Fortescue Future Industries (FFI) for the production of green hydrogen and ammonia. Ahmed Shide, Minister of Finance, noted that the company would increase Ethiopia’s access to green energy.

Fortescue’s CEO Julie Shuttleworth, on her part, stated that Ethiopia was suitable for green energy. FFI will export green energy after it commences production.

The Australian company is building a global portfolio of renewable green hydrogen and green ammonia projects to produce 15 million tonnes per year of green hydrogen in 2030.

Source (Including Image): Fana BC

Additional Source: Fortescue Future Industries