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The Big Apple Rejoins Ethiopian Network - January 21, 2016

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Category: Latest Business Alerts

Ethiopian AirlinesEthiopian Airlines, the largest and most profitable airline in Africa, is pleased to announce that preparations are being finalized to launch service to New York’s JFK airport by the end of June.

Last Updated on 21 January 2016
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The Coca-Cola Africa Foundation and its Partners Launch Multiple Use Water Improvements Project

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Category: Latest Business Alerts

As part of The Coca-Cola Africa Foundation’s commitment to helping create sustainable communities, it announced today the launch of Replenish Africa Initiative’s (RAIN) Multiple Use Water Improvements project.

"At Coca-Cola, we recognize that by strengthening the communities we serve, we strengthen our business. We know that providing water access is an effective way of expanding social and economic opportunities for our communities. As part of our Replenish Africa Initiative (RAIN) we collaborate with partners from civil society and government to improve the access, sustainability and affordability of safe water in our communities," said Peter Njonjo, Coca-Cola General Manager for Eastern Africa.

Last Updated on 14 August 2013
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The Construction of Kombolcha Airport Progressing

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Category: Construction, Steel and Cement

The construction work on Kombolcha Airport, Ethiopia is underway according to an announcement from the Ethiopian Airports Enterprise. The airport project is expected to cost an estimated 149 million birr up to completion according to Wondim Teklu, Head of Public Relations with the enterprise.

The construction includes a 2 kilometers long runway and a 4 kilometer long feeder road to the airport said Wondim.

The airport is offering services alongside the construction project that is underway to meet the goals of the second phase of the airport he noted. The airport will be equipped to serve Bombardier Q400 aircraft once this phase of construction is finished explained Wondim.

Last Updated on 14 August 2013
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The Economist Ethiopia Summit Kicks Off in Addis Ababa

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Category: Latest Business Alerts

The Economist Ethiopia Summit kicked off on Wednesday, October 29, 2015, in Addis Ababa, The Daily Monitor reported.

Last Updated on 29 October 2015
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The EEPCO Seeking Alternative Financing for Hydropower Plant

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Category: Banking and Finance

The Ethiopian Electric Power Corporation is seeking an alternative financier for the construction of the Chemoga Yeda Hydropower Plant being constructed in the Amahara Regional State.

The power corporation is seeking alternative financing because the project is behind schedules due to financial constraints according to sources.

Initial projections established by the contract signed between the EEPCo and the Chinese Sinohydro Corporation that the project would cost 555 million US dollars to completion. The project was intended to be carried out in two stages generating a total of 278 MW when its complete.

Last Updated on 14 August 2013
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