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African airlines saw 134.9% rise in demand for air travel
Spread the NewsThe International Air Transport (IATA) disclosed that African airlines experienced a 134.9 percent increase in demand for air travel in May 2022 when compared to the same period last year. However, load factors remain the lowest worldwide. The association announced global passenger data for May 2022 showing that the recovery in air travel…

Girma Wake become new board chairman of Ethiopian Airlines
Spread the NewsEthiopian Airlines announced Wednesday that Girma Wake, former CEO of Ethiopian Airlines, has been appointed recently as a new Chairman of the Board of Management of Ethiopian Airlines Group by Ethiopian Public Enterprises Holding and Administration Agency. The announcement was made after official resignation of Tewolde GebreMariam. Mr. Girma Wake is a highly…

Addis Chamber launches start-up incubation center
Spread the NewsBy Yared Nigussie Addis Abeba Chamber of Commerce and Sectoral Associations (AACCSA) disclosed that it has launched a start-up incubation center with an aim of bolstering entrepreneurial culture. Shibeshi Betemariam, Secretary General of AACCSA said that the start-up incubation center has been inaugurated with the objective to promote entrepreneurship in Ethiopia and embolden…

City collects 12 bln Birr tax in three months
Spread the NewsThe Addis Abeba Revenue Bureau said it has collected 12 billion Birr in the first three months of the current fiscal year. The Bureau is about to announce “Grade A” taxpayers of their taxes and collect the taxes until the November 9, 2021. Mulugeta Tefera, Bureau’s Head said that expansion of the tax…

Ethiopian Airlines become among top three best African brands
Spread the NewsEthiopian Airlines has been named as the third best African brands as the 12th annual Brand Africa 100: Africa’s Best Brands 2022 rankings of the Top 100 most admired brands in Africa unveiled at a live event hosted by Brand Africa, at Eko Hotel & Suites in Nigeria. The 2022 Brand Africa 100:…

Chinese company seeks to invest in rapeseed oil production
Spread the NewsZhejiang YaoHeng Photoelectric Technology, a Chinese firm, has expressed interest to invest in the Agro-processing sector of Ethiopia, particularly in the production and export of rapeseed oil. Representatives from the Chinese company held a virtual discussion on Thursday with Lelise Neme, Ethiopian Investment Commission Commissioner (EIC), Ambassador Gebeyhu Ganga, Directorate General of…