Ethiopia to Join International Capital Market this Year
In quest for joining the international capital market, Ethiopia is going to start issuing international bond by the end of this year. The move is the first of its kind by the nation.
In quest for joining the international capital market, Ethiopia is going to start issuing international bond by the end of this year. The move is the first of its kind by the nation.
A Bill to ratify the establishment of the International Renewable Energy Agency was tabled before the Ethiopian House of People’s Representatives.
The bill has been sent to the Natural Resource and Environmental Protection Affairs Standing Committee for further review.
Ethiopia will benefit from becoming a member of IRENA said Wendimu Gezahegn, deputy government whip. Advantages of membership include technology transfer and capacity building according to Wendimu.
The Ethiopian Airlines is going to be fully integrated into Star Alliance, the largest airline alliance, in October.
The process took over a year and 6.9 million dollars which has not been paid in full yet.
The airlines had to fulfil 83 criteria, including IT compliance, to earn full membership of the alliance.
Ethiopian is the third African airline to join the Star Alliance after South African Air (SAA) and Egypt Air.
Ethiopian uses SABER booking system, which needed to be connected with the central system of the Star Alliance headquarters, and with those of the 29 member carriers.
The Ethiopian Ministry of Trade and Regional Integration said fuel retail prices will remain unchanged until May 8, 2022. However, light and hard black diesel, and airplane fuel prices are subject to revision as per the global rate, it has been learned.
The Ethiopian Embassy in India has announced that it is to launch a Cultural and Tourism Center to introduce African culture to Indians in November 2012. It is expected that center is to be the first of its kind in India.
The center is to be an indispensable element to promoting African values and Ethiopian culture in particular according to Metasebia Tadesse, Counselor for Political, Public Relations, Public Diplomacy.
The cultural center built to promote Ethiopian culture will also be used to organize various African get together including for scholars and diplomatic delegates congregating for various purposes he said.