Ethiopian Airlines wins ‘Best African Airline’ award at the 2021 Business Traveller Awards

Ethiopian Airlines wins ‘Best African Airline’ award at the 2021 Business Traveller Awards

  Africa’s largest aviation group, Ethiopian Airlines, has been awarded as the ‘Best African Airline’atthe2021Business Traveller Awards. The votes made by the business travellers for this year took into account the Covid-19 period with key questions covering airlines’ effectiveness in communication, effective implementation of Covid-19 precautionary measures, handling of loyalty program member passengers and flexibility…

Ethiopia, Zambia launch start-up airline

Ethiopia, Zambia launch start-up airline

A New airline, established in a Joint Venture (JV) between Ethiopian Airlines, African largest airlines, and Zambian government, will launch providing its operation as of Wednesday, December 1, 2021. The launch of Zambia’s National Carrier has been realized in a JV with Industrial Development Corporation Limited (IDC). Ethiopian has 45 percent stake in the joint…

Gov’t says ready to solve production, value chain problems cement factories face

Gov’t says ready to solve production, value chain problems cement factories face

Takele Uma (Engineer), Minister of Mines said Tuesday that his Ministry and the Ethiopian Investment Commission (EIC) discussed with owners of cement factories with regards to production and value chain problems they are facing. Mr. Takele said in a tweet that explanations have been made to the owners of cement factories regarding economic problems in…

China to boost tariff-free imports from Africa

China to boost tariff-free imports from Africa

Chinese President Xi Jinping announced Monday that China will further increase the scope of products enjoying zero-tariff treatment for the least developed countries (LDCs)—including Ethiopia having diplomatic relations with China, in a bid to reach $300 billion in total imports from Africa in the next three years. The pledge was made in Forum on China–Africa…

National Bank approves Amhara Bank officials’ appointment

National Bank approves Amhara Bank officials’ appointment

The National Bank of Ethiopia (NBE), the financial sector regulatory institution, has approved the appointment of five Vice Presidents (VPs) as per the request from Amhara Bank. NBE has given an approval for five senior VP appointments on its notification on Monday November 22. Following the approval, Amhara Bank assigned senior bankers, who came from…

Safaricom ranked “Most Valuable Firm” in East Africa by market cap

Safaricom ranked “Most Valuable Firm” in East Africa by market cap

According to a report— a compilation of the most valuable brands by market capitalization – by analysts at AfricanFinancials Group, Safaricom is the most valuable brand in East Africa and Mauritius, with a market capitalization of $15.4 billion. Safaricom’s shares have soared following its announcement of securing a telecommunications license to operate in Ethiopia, Africa’s…

National Bank lifts its ban

National Bank lifts its ban

The National Bank of Ethiopia (NBE) lifted the loan freezing placed since August 2021, according to media reports. Executives of commercial banks have been given an instruction to resume loan services to all of the customers. Many businesses have been crying foul over the loan freezing as it has impacted their productivity due to shortage…

Addis Abeba-Djibouti Railway earns $67 million

Addis Abeba-Djibouti Railway earns $67 million

The 752.7 km Ethiopia-Djibouti railway, also known as Addis Abeba-Djibouti railway, announced record high revenue of $67 million in the first ten months of 2021. The first modern electrified railway line in East Africa, official commercial operations for both passenger and freight services commenced in January 2018, reported a record increase of 36.5 percent of…