Public enterprises administered by the Ethiopian Privatization and Public Enterprises Supervisory Agency earned US$8.1 million revenue from exports during the first quarter of the current Ethiopian fiscal year, the Agency said.
The Public Financial Enterprises Agency announced securing 3.9 billion birr in the first two quarters of the financial year in Ethiopia.
The agency exceeded the target revenue of 1.17 billion birr it had set for this period according to Dr. Sentayehu Woldemichael, General Director of PFEA.
The revenue raise is also significantly more than the 2.4 billion birr the agency was able to raise in the same period last budget year said Dr. Sentayehu.
PVH Corp., an apparel giant and owner of brands such as Calvin Klein, Tommy Hilfiger, Van Huesen, Warner’s, Izod, Arrow, Speedo, Olga, and Geoffrey Beene, won the 2018 ACE award for its leading role as a best-in-class investor in the apparel manufacturing facility in Ethiopia. The US secretary of state awarded PVH the Sustainable Operations Award for helping to contribute to the growth and sustainable development of the local economies in which it operates.
The American PVH Corporation, a clothing company, is to consult with the Ethiopian government as well as investment consultants on the opportunities in Ethiopia, according to a press conference held on Monday, April 28, 2014.
Qatar Airways, the state-owned flag carrier of Qatar has launched thrice-weekly flights to Addis Ababa, Ethiopia on September 19, 2013.
"Ethiopia is now becoming an interesting destination for various business opportunities" said Gayatheri Pardeep, senior media relations officer with Qatar Airways.
As increasing number of Ethiopians living and working in Qatar and the Middle East has moved Qatar Airways to launch flight to Ethiopia, Pardeep said.
A civil aviation partnership agreement between Ethiopia and Qatar was signed in April 2013, in Addis Ababa, allowing the two countries to conduct a thrice-weekly flights, upgrading the previous agreement which allowed for two weekly flights each, according to Endeshaw Yigezu, director of Air Transport & Planning Directorate at the Civil Aviation Authority.
Established in 1994, Qatar Airways currently operates 129 aircraft to serve 131 destination around the world.
Source: Fortune
