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Ethiopian Airlines, UTD Aviation Solutions, AFRAA sign MoU to re-establish African Aviation Renaissance in MRO services
Spread the NewsEthiopian Airlines MRO, UTD Aviation Solutions and the African Airlines Association (AFRAA) have signed a tripartite Memorandum of Understanding (MoU) to work together on Maintenance, Repair, and Overhaul (MRO) services in pursuance to the Brown Condor Initiative (BCI). The signing ceremony took place last week at Ethiopian Airlines headquarters in Addis Abeba. The…

Novartis to invest $250 mln in tropical disease drug research
Spread the NewsNovartis endorses the Kigali Declaration on neglected tropical diseases (NTDs) and announces a five-year financial commitment of $250 million to the fight against NTDs and malaria in conjunction with the Kigali Summit on Malaria and NTDs alongside the 26th Commonwealth Heads of Government (CHOGM) meeting. The spending is part of Novartis’ endorsement of…

Ministry says over 40 investors to enter Bulbula Integrated Agro-Industrial Park
Spread the NewsMinistry of Industry has disclosed on Monday that 42 businesses and private developers are going to enter the Bulbula Integrated Agro-Industrial Park (BIAIP). The firms have expressed their readiness to join the Park. The Park, sprawled over 271 hectares of land in Western Oromia, has been fully equipped with the necessary infrastructures and…

Expert advises using solvency tool to combat price wars in insurance industry
Spread the NewsA finance expert advised implementation of solvency tools to combat the price wars among insurance companies in Ethiopia. The concept of solvency is about the ability for an insurance company to meet its long term obligations. The minimum amount of eligible own funds that a company must have in order to be able…

Breaking: Ethiopian Airlines gets new CEO
Spread the NewsMesfin Tassew has been appointed as the new CEO of Ethiopian Airlines. He served Ethiopian Airlines for 38 years. Mr. Mesfin Tasew , 58, joined Ethiopian in 1984 as Associate Engineer and progressed through the ladder and served in supervisorial and managerial positions in the technical areas. In 1997 and 1999, he was…

YMG & Habesha Gold mining continue investing in Ethiopia
Spread the NewsYMG and Habesha Gold Mining companies, which is owned by Israeli investors, held a discussion with Lelise Neme, Ethiopian Investment Commissioner and Temesgen Tilahun, Deputy Commissioner of Ethiopian Investment Commission (EIC), respectively, updated them about the progress of their investment and promised to promote the investment to other peer Israeli investors.