Ethiopia Airlines to start flying to Lalibela on Monday

Ethiopia Airlines to start flying to Lalibela on Monday The Airlines announces daily flights to Lalibela starting next Monday. According to him, passengers wishing to travel to the city can make an appointment using the airline app. It is a recent memory that the TPLF  group looted and destroyed the Lalibela airport.

Four Ethiopian women among 100 most influential Africans in 2021

Four Ethiopian women among 100 most influential Africans in 2021 Mimi Alemayehou Timnit Gebru Letesenbet Gidey Sifan Hassan 1 COMMENT Aman December 30, 2021 At 6:23 pm I think Tmnit Gebru is Eritrean, right? I think Tmnit Gebru is Eritrean, right? Comments are closed.

Marathon Motors Engineering PLC inaugurates the first electric charging station in Ethiopia

Marathon Motors Engineering PLC inaugurates the first electric charging station in Ethiopia Marathon Motors Engineering PLC inaugurates Hyundai Electric Vehicle Factory Coupling Station. Speaking at the graduation ceremony, Athlete Major Haile Gebreselassie said Ethiopia is on the rise. This height also comes with technology. “We are still in the news of the war, but from now on we will hear the breaking news of technology every week,” he said. We do not have oil production, but we do have electric vehicles. He said, “If we cannot cooperate, we can sit still.” Speaking on the occasion, Melkamu Assefa, Founder and CEO of the company, said the power stations can charge in 15 minutes. The vehicles can travel up to 200 miles [300 km] in a single charge. The inauguration was attended by the Minister of Transport, Dagmawit Moges, the Governor of the National Bank, Dr. Yinager Dessie and other government officials. # Epd

Ethiopian Airlines in the Final Stage to Return the B737 MAX Fleet to Service

Ethiopian Airlines in the Final Stage to Return the B737 MAX Fleet to Service

The Biden administration signed for the official termination of Ethiopia, Mali, and Guinea from AGOA

The Biden administration signed for the official termination of Ethiopia, Mali, and Guinea from AGOA U.S. President Joe Biden announced on November 2021 the decision to terminate Ethiopia’s designation as a beneficiary country under the African Growth and Opportunity Act (AGOA) at the end of this year. Despite many efforts made by international and local parties, the Biden administration decided to go through its decision. The sanction of the AGOA will be effective from January 9, 2022, including for Ethiopia, Mali, and Guinea, stating they could not meet the demands. Although the Biden administration gave a two-month notice period before it was canceled, high-profile congressional leaders expressed their concern that this decision would hurt the nation’s most vulnerable and reverse hard-won economic gains without reducing hostilities in the ongoing civil war. The termination of Ethiopia was acquitted of alleged human rights abuses in connection with the Tigray war. in addition to pressure on Ethiopia’s government to negotiate with the TPLF. Earlier this week, Senator Van Hollen, chair of the U.S. Senate Foreign Relations Committee, Subcommittee on Africa and Global Health Policy, and Congresswoman Bass, Chair of the House Foreign Affairs Committee, Subcommittee on Africa, Global Health, Global Human Rights and International Organizations wrote a letter for the Biden administration to reconsider its decision. Noting the suspension of AGOA benefits will be counterproductive and disproportionately harm the most vulnerable Ethiopians without contributing to the cessation of hostilities. The Ethiopian American Citizens’ Council has been pushing hard for Ethiopia not to be deprived of the benefits of the AGOA, which has been in place for many years. Tags AGOA

KEFI Minerals secures additional 800 million birr from shareholders for Developmental projects including Ethiopia.

KEFI Minerals secures additional 800 million birr from shareholders for Developmental projects including Ethiopia. Addis Ababa Ethiopia, December 23, 2021 – KEFI shareholders Yesterday announced that they will allocate an additional 800 million birr for developmental projects including the launch of Tulu Kapi. Planned to be as soon as the security situation allows, which is expected to be in early 2022. In addition to the Tulu Kapi launch it will also be allocated for KEFI’s two other development projects in Saudi Arabia, Hawaii Copper & Gold and Jibal Qutman Gold. According to the announcement by KEFI Gold and Copper plc the ultimate parent company of Tulu Kapi Gold Mines S.C and KEFI Minerals Ethiopia Limited, this is a small two-stage capital raising from its 5,000 shareholders on the London Stock Exchange of £13 million (US$18 million or 800 million Ethiopian Birr) “KEFI Directors and management themselves invested over US$2 million which is approximately 100 million Ethiopian Birr in today’s capital raising in London. By this investment, combined with their shareholding of more than 10% in KEFI, this highly experienced senior team which has also managed some of the world’s largest mining companies demonstrates its  full commitment to the development plans of the company, starting with Tulu Kapi.” Said Dr Kebede Belete, Chairman of KEFI Minerals Ethiopia Limited and Deputy Chairman of Tulu Kapi Gold Mines. ”KEFI subsidiary KEFI Minerals Ethiopia Limited has already invested over US$70 million into Tulu Kapi Gold Mines Share Company and plans to further invest over $300 million  or 13 Billion Ethiopian Birr for Tulu-Kapi project development, financed by its already assembled consortium which includes Africa’s leading gold plant designer Lycopodium, Africa’s leading mining services contractor Corica along with other specialists and African focused mining financiers.” he added. The Tulu Kapi Gold Project will generate direct employment for approximately 1,000 people from West Wolega and indirect employment for 5-10 times that number of people. According to the chairman, the modern discovery of the industrial scale gold deposit at Tulu Kapi was approximately 15 years ago and KEFI was invited to take control in 2014 to introduce the latest international standards to the project. KEFI has since then updated the mine design and successfully worked hard with Government regulators in assisting with policy initiatives like international bank accounts, market-based interest rates, the right to use gold price insurance or hedging, 70/30 capital ratio in recognition of the capital intensity of industrial-scale mining and the encouragement of Ethiopian country membership for multilateral development banks which allocate capital to African countries in particular. The Tulu Kapi Gold Project consortium includes major African multilateral development banks East African Trade and Development Bank, whose regional headquarters is in Addis Ababa,  and African Finance Corporation, the huge Nigerian-based development bank. These two banks have already worked with the Ethiopian Government on several initiatives including their work with Tulu Kapi Gold Mines Share Company. As part of the Tulu Kapi Project Consortium, the banks signed their initial deal terms sheets two years ago. Since then they have completed independent experts due diligence reports and now await security and other normal requirements like detailed documentation and insurances to be satisfied to support the launch of the project.

Commercial Bank of Ethiopia Secured USD 2.64 Billion in Forex

Commercial Bank of Ethiopia Secured USD 2.64 Billion in Forex Commercial Bank of Ethiopia, which is the biggest bank in East Africa with total assets worth almost a trillion birr, just made an announcement concerning remittances. In a lottery event, the Bank stated that it has secured USD 2.64 Billion in foreign exchange from remittances sent home during the Ethiopian fiscal year that ended on July 8, 2021. The lottery event was held so as to encourage its customers to get remittances. Awards range from a car, tri-wheelers, and motor bikes to numerous laptops.

Just seventy-six years ago, Ethiopian Airlines was founded

Just seventy-six years ago, Ethiopian Airlines was founded First starting its operations with former military Douglas C-47 transports, Ethiopian Airlines has grown to become Africa’s largest airline. Founded on December 21st, 1946, the carrier now has a fleet of 130 aircraft, operating a particularly diverse fleet of widebody twinjets. Having already covered the airline’s history in previous articles, let’s specifically take a look back at the carrier’s past year. Ethiopian’s 75th year Now 76 years old, Ethiopian’s 75th year as an airline wasn’t an easy one considering the ongoing challenges presented by the global health crisis. Sadly, the airline’s 73rd and 74th years had their own issues, too, of course. Indeed, 2021 has been a continuation of problems that began in 2019- with the carrier being one of two airlines at the center of the Boeing 737 MAX crisis. Despite these fierce headwinds, the carrier continues to operate and demonstrate the strength of African aviation. Let’s take a look at notable news for the airline over the past 12 months. For those interested in the airline’s entire history, you can find articles here and here. Playing a critical role throughout the crisis April 2021 marked a milestone moment for the airline as it delivered 2.184 million doses of the coronavirus vaccine through the COVAX global vaccine-sharing initiative. The leadership at Ethiopian Airlines said that its goal was to take a leading role in transporting vaccines across the globe. Six months later, the airline proudly announced that it had delivered over 50 million doses to more than 28 countries. The work of transporting vaccines has been carried out by the airline’s cargo division: Ethiopian Cargo and Logistics Services, Africa’s largest cargo service provider. The firm says that it has successfully distributed the vaccines via its specially equipped facility called ‘Pharma Wing.’ The airline’s focus on cargo will continue as it is partnering with IAI to setup a 767 passenger-to-freighter conversion facility at Ethiopian’s Addis Ababa hub. This new partnership was announced in August 2021. The airline’s focus on cargo will continue as it is partnering with IAI to setup a 767 passenger-to-freighter conversion facility at Ethiopian’s Addis Ababa hub. This new partnership was announced in August 2021. In addition to its work in transporting vaccinations, the airline also notes that it was one of the few carriers that worked continuously throughout the crisis amid border closures and travel restrictions. As a result, Ethiopian had reunited or repatriated more than 63,000 stranded passengers. Continuing to grow Despite significant setbacks to the global aviation industry, Ethiopian Airlines is continuing to grow and is setting its sights far past this crisis. In September, the carrier took delivery of its 32nd Dash 8-400 turboprop, having already received its 30th and 31st Dash 8-400s earlier this year. Working with other African carriers (ASKY Airlines, Malawi Airlines, Ethiopian Mozambique Airlines, and Tchadia Airlines), Ethiopian group chief executive officer Tewolde GebreMariam has called these new deliveries “a testament to the joint success in supporting our network and strategic partnerships with several carriers across Africa.” Fleet growth includes widebodies as well, as Ethiopian also took delivery of two Airbus A350s this year, with both taking place quite recently, in December. The airline still plans to place a significant widebody order in the near future, with the Airbus A350 and Boeing 777X being the top contenders for the airline’s interest. With everything announced in the past year, Ethiopian’s upcoming year should be another big one- which may even include a return of the 737 MAX for the carrier. Fleet growth includes widebodies as well, as Ethiopian also took delivery of two Airbus A350s this year, with both taking place quite recently, in December. The airline still plans to place a significant widebody order in the near future, with the Airbus A350 and Boeing 777X being the top contenders for the airline’s interest. With everything announced in the past year, Ethiopian’s upcoming year should be another big one- which may even include a return of the 737 MAX for the carrier. Source- Simple Flying: Africa’s International Powerhouse: 76 Years Of Ethiopian Airlines.https://simpleflying.com/ethiopian-76-years/ Tags ethiopian airlines

Ethiopian Airlines has once again won the 2021 African Best Airline Award.

Ethiopian Airlines has once again won the 2021 African Best Airline Award. Ethiopian Airlines has once again won the 2021 African Best Airline Award. The airline, which has won the internationally recognized Skytrax Award for four consecutive years, has announced that it will continue to provide quality services. South African and Kenyan airlines are second and third, behind Ethiopian Airlines. In addition to being the best airline in Africa, the airline has improved from 44th in the world to 37th.