Worku Aytenew, a well-known business mogul in the country, is in the process of establishing private Aviation Company.
The new aviation company under establishment is dubbed “Gold Star Aviation”.
Mr. Aytenew purchased Bell 407 Helicopter, and now this Helicopter will be used for commercial aviation services, according to reports. The new aviation company is in the process of getting Air Operator Certificate from the Ethiopian Civil Aviation Authority.
Spread the NewsThe recently rebranded Oromia Bank and Oromia Water and Energy Resource Development Bureau signed a Memorandum of Understanding (MoU) to work on collection of payments. The agreement has been signed by Woldie Bulto, Vice President of Oromia Bank and Million Bekele (Engineer), Head of Oromia Water and Energy Resource Development Bureau. The agreement…
Spread the NewsMinistry of Trade and Regional Integration (MoTRI) has announced Wednesday new factory prices for cement product, which will be effective for three months. Following the decision, MoTRI has regulated that the minimum factory selling price for a quintal of cement to be 510 Birr while the maximum price is 683.44 Birr. “Due to…
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…
Spread the NewsThe Ministry of Trade and Regional Integration (MoTRI) announced Tuesday that the government will gradually lift fuel subsidy for individual and some organizations vehicles. Only mass public transport service providers will be the beneficiaries of the new subsidy scheme adjusted by the government, Gebremeskel Chala, Minister of Trade and Regional Integration, said in…
Spread the News Ethiopia Electric Utility (EEU), the state-agency engaged in selling electric energy, has planned to generate 43.1 billion Birr from the sale of electric energy and other revenues in 2022/23 budget year. Shiferaw Telila, CEO of EEU told the media in a presser on Thursday about his institution’s plan. “EEU has also a…
Spread the NewsMinistry of Finance (MoF) and Japan’s government on Wednesday signed a grant agreement of $3.5 million for the procurement of mobile clinic vehicles. The agreement was signed between Semereta Sewasew, State Minister of Finance and Ito Takako, Ambassador of Japan to Ethiopia at the headquarter of the MoF. Under the grant, ten mobile…
