Ethiopia Unveils Locally Manufactured Electronic Passport

Ethiopia Unveils Locally Manufactured Electronic Passport Addis Ababa, Ethiopia – February 21, 2025 – Ethiopia has introduced its first electronic passport (E-passport) in a launch event held at the Science Museum in Addis Ababa. The new passport is expected to enhance security, streamline travel documentation, and modernize the country’s immigration system. The initiative is led by Immigration and Citizenship Services (ICS) in collaboration with Ethiopian Investment Holdings (EIH) and Toppan Security Ethiopia S.C. The launch event was attended by President Taye Atske Selassie, alongside senior government officials, diplomats, and representatives from various sectors. New Features and Security Enhancements The E-passport includes biometric technology, advanced encryption, and tamper-proof materials, aligning with International Civil Aviation Organization (ICAO) standards. It features an embedded electronic chip that securely stores the holder’s personal details, including biometric data such as fingerprints. Authorities have stated that these enhancements are aimed at preventing identity fraud, improving border security, and expediting verification processes at immigration checkpoints. The new system replaces the previous machine-readable passport (MRP) and is expected to reduce processing times for applicants. Shift to Local Production Unlike its predecessor, which was produced by foreign companies, the new passport is manufactured in Ethiopia. Officials have highlighted that local production is expected to reduce costs associated with foreign outsourcing, while also contributing to job creation in the printing and security technology sectors. The design of the E-passport incorporates Ethiopian cultural and historical elements, replacing the previous design that was outsourced internationally. Authorities noted that this transition gives Ethiopia greater control over passport issuance and strengthens national security by keeping production and personal data management within the country. Expansion of Immigration Services Alongside the E-passport launch, the Immigration and Citizenship Services (ICS) has announced plans for a broader digital transformation in Ethiopia’s immigration system. Starting February 24, 2025, ICS will introduce: Visa, ID, and permit services for the public Modernized registration and issuance systems to improve efficiency Enhanced security measures to prevent fraud and identity theft Further updates are expected regarding: Visa services at Bole International Airport Company registration processes The rollout of E-passport services for the general public is set to be announced in the coming weeks. Officials say these efforts are part of a broader initiative to improve accessibility and security in travel documentation. Public Awareness and Implementation The transition from machine-readable passports (MRP) to electronic passports was presented at the launch event, with an exhibition showcasing the enhanced security features and expected benefits of the new system. As part of the implementation process, ICS plans to conduct a nationwide awareness campaign to provide information on how citizens can apply for and transition to the new passport system. Implications for Ethiopia’s Travel and Security Infrastructure The introduction of the E-passport is seen as a step toward modernizing Ethiopia’s travel documentation system, with authorities emphasizing its potential to strengthen border security, improve travel efficiency, and enhance the country’s international recognition. The shift to local production is also expected to have economic benefits, reducing dependency on foreign suppliers and lowering costs associated with passport issuance. The full rollout and public adoption of the new passport will be closely monitored in the coming months as Ethiopia continues its efforts to digitize and modernize immigration services. 1 COMMENT Wossen mulugeta abate February 21, 2025 At 6:26 pm I think it’s is interested idea In my opinion, it is an interesting idea. I think it’s is interested idea In my opinion, it is an interesting idea. Comments are closed.

Samsung Galaxy S25 Ultra Officially Launches in Ethiopia, Featuring Amharic Language Support

Samsung Galaxy S25 Ultra Officially Launches in Ethiopia, Featuring Amharic Language Support Addis Ababa, Ethiopia – Samsung has officially introduced its latest flagship smartphone, the Galaxy S25 Ultra, in Ethiopia during an exclusive event held at the Sheraton Addis Hotel. The launch marks a significant milestone for Samsung’s presence in the Ethiopian market, with special emphasis on the device’s enhanced Amharic language support, a feature that has sparked widespread interest among local consumers. A Smarter Smartphone with AI-Powered Features The Galaxy S25 Ultra comes equipped with cutting-edge artificial intelligence (AI) technology designed to simplify everyday tasks and enhance user experiences. Samsung executives and industry experts at the event highlighted how the phone’s AI capabilities can improve health tracking, fitness routines, lifestyle efficiency, and photography. One of the most notable advancements is its ability to provide real-time language translation, now with Amharic support, making communication smoother for Ethiopian users. This feature, part of Samsung’s Live Translation tool, can translate voice calls and text messages across 17 languages, allowing users to engage seamlessly across different linguistic backgrounds. Additionally, the device’s AI-driven enhancements extend to voice-assisted controls, where users can retrieve emails, make calls, and access media hands-free. The advanced noise cancellation system ensures clear audio experiences even in noisy environments, a feature that will benefit users in bustling urban settings. Refined Design and Cutting-Edge Camera Technology The Galaxy S25 Ultra is not only a technological powerhouse but also a design statement. Samsung has introduced the device in a selection of premium colors, including Titanium Silver Blue, Titanium Black, Titanium White Silver, and Titanium Gray, reflecting its sleek and futuristic aesthetic. At the heart of the phone’s appeal is its revolutionary camera system, designed to elevate smartphone photography to professional levels. The 200MP primary camera, supported by enhanced AI-driven image processing, offers superior clarity, even in low-light conditions. The phone also boasts improved zoom capabilities, allowing users to capture distant subjects with unprecedented sharpness. Samsung’s adaptive refresh rate display, now reaching up to 120Hz, ensures ultra-smooth visuals for gaming and streaming, making it an ideal device for entertainment enthusiasts. Samsung’s Commitment to Ethiopian Consumers Speaking at the launch event, Sarah Tadesse, CEO of Samsung Ethiopia, emphasized the company’s dedication to meeting the evolving technology needs of Ethiopian consumers. “At Samsung, we are committed to bringing innovative experiences to our customers. With the launch of the Galaxy S25 Ultra, we are introducing a device that seamlessly integrates cutting-edge AI technology, world-class photography, and local language support to enhance everyday digital interactions,” she stated. The phone’s deep integration with local languages underscores Samsung’s recognition of Ethiopia’s growing tech-savvy population and its demand for more personalized digital solutions. A New Era of Smartphone Innovation Samsung’s Galaxy S25 Ultra cements the brand’s position as a global leader in consumer technology, with a focus on AI-driven enhancements that redefine smartphone capabilities. The company remains at the forefront of mobile innovation, developing devices that bridge the gap between technology and daily life. With the introduction of the Galaxy S25 Ultra in Ethiopia, Samsung is setting a new standard for smartphone functionality, user experience, and localized innovation. Ethiopian consumers can now experience the future of mobile technology, tailored to their needs, in their own language.

Yango Ride Introduces Comfort Class, Delivering Enhanced Ride-Hailing at an Affordable Price

Yango Ride Introduces Comfort Class, Delivering Enhanced Ride-Hailing at an Affordable Price Addis Ababa, Ethiopia – February , 2024 – Yango Ride, a ride-hailing service under the global tech company Yango Group, has introduced its new Comfort Class in Ethiopia. With a starting fare of just 100 birr, the new tariff offers passengers a premium travel experience designed to meet the evolving needs of local passengers. By providing newer vehicles, higher-rated drivers, and the option to turn on air conditioning, the Comfort Class ensures a more refined and enjoyable journey for passengers while maintaining affordability. The launch of the Comfort Class is a direct response to feedback from Yango Ride users, who expressed a desire for access to newer, more comfortable vehicles at a reasonable price. Yango has carefully designed the service to address this demand, offering passengers a small premium upgrade from the Economy tariff, which starts at 92 birr. With two tariffs available in Ethiopia — Economy and Comfort — the service continues to provide simple, user-focused options that cater to different customer needs without compromising on quality. Comfort rides are powered by a fleet of modern vehicles, all manufactured in 2018 or later, ensuring that passengers travel in style. Additionally, every vehicle in the Comfort class comes equipped with air conditioning, allowing riders to enjoy a pleasant environment. These rides are driven by highly rated drivers who are committed to delivering exceptional service, making Comfort a standout choice for those seeking elevated ride experience. According to Dr. Yeknalem Abebe, Country Manager of Yango Ethiopia, the introduction of Comfort Class marks a significant milestone in the company’s journey to redefine ride-hailing in the country. “At Yango, we prioritize listening to our users and responding to their needs with services tailored to their lifestyles. Comfort provides the perfect balance of quality and affordability, ensuring that passengers can enjoy a superior experience without stretching their budgets. We are proud to set a new standard for ride-hailing in Ethiopia and look forward to welcoming more passengers into our Comfort class.” Yango has introduced a seamless booking experience for its Comfort Class rides, allowing passengers to select their preferred tariff directly through the Yango app. To celebrate this enhanced service, Yango is offering a 10% discount on the first Comfort Class trip, available until March 10, 2024, with the promo code “ETCOMFORT”. Yango Ride’s continued efforts to innovate and improve its services reflect its larger mission to transform global technologies into solutions that meet local needs. With the launch of Comfort, the company reaffirms its dedication to providing enhanced mobility options that elevate the daily lives of Ethiopian residents. About Yango Group Yango Group is an international tech company headquartered in Dubai, transforming globally sourced technologies into everyday services that are tailored to local communities. With an unwavering commitment to innovation, we reshape and enhance leading cutting-edge technologies from around the world into seamlessly integrated daily services for diverse regions. Our mission is to bridge the gap between leading world innovations and local communities, fostering connections and enhancing everyday living experiences. Yango’s multi-functional app offers several digital city services across 20+ countries in Africa, Latin America, Europe, and the Middle East. Yango’s multilingual app is available for free on Android and iOS.For more information, please contact:  [email protected]

Ethiopia Set for Surge in Digital Payments Ecosystem: Visa Study Reveals Path to Accelerated Growth

Ethiopia Set for Surge in Digital Payments Ecosystem: Visa Study Reveals Path to Accelerated Growth Digital payments are booming in Ethiopia: Most of the surveyed merchants believe digital payments are bringing convenience for their customers and improving efficiency Digital payments drive growth: 66% of the surveyed SMEs agree that investing in digital payment technologies will support future business growth Addis Ababa, Ethiopia, February 13 2025:  Visa (NYSE: V), a global leader in payments, today announced the launch of a new report, ‘Value of Acceptance: Understanding the Digital Payment Landscape in Ethiopia.’ The report reveals rapid digital payment adoption among small and medium-sized enterprises (SMEs), with the vast majority recognizing the benefits for consumers. The report presents an encouraging outlook for Ethiopia with over 80% of the surveyed SMEs having started to accept digital payments in the last two years, citing increased convenience, reduced fraud risk, and improved efficiency. Furthermore, 66% agree that investing in digital payment technologies will support future business growth. Digital Payments Momentum This positive momentum is expected to continue with a high level of preference by SMEs – 92% using digital payments reported satisfactory support from the government and major institutions and quicker payment processing. This satisfaction, the report states, is encouraging 64% of the SMEs already using digital payments to consider investment in additional payment technologies, boosting an already thriving digital payment landscape. “The research findings paint a promising picture of Ethiopia’s growing digital payments landscape,” commented Yared Endale, Country Manager, Visa Ethiopia “The increasing preference for digital transactions, coupled with the recognized benefits for businesses and the broader economy, creates a powerful opportunity for growth. Visa is committed to working with our partners across the ecosystem to unlock the full potential of digital payments for all in Ethiopia – for individuals and businesses alike.” Ethiopia’s digital payment opportunities To encourage digital acceptance, the report recommends security awareness campaigns, value-added solutions such as loyalty programs, and access to data and insights. Given the prevalence of cash, the report also suggests introducing user-friendly digital solutions that mirror cash’s simplicity, positioning digital payments as a way to future-proof businesses and expand their customer base. The report highlights the opportunity to build the right perception about digital payments as 59% of SMEs are neutral about fraud risks. Citing plans of 64% of the surveyed SMEs to invest in payment technologies and the growth of digital acceptance in the last two years, the report says Ethiopia’s digital savvy market is primed for a surge in the digital economy. The Broader Value of Digital Payment Acceptance Digital payments offer crucial benefits for Ethiopian SMEs, boosting revenue through a wider, increasingly cashless customer base, enhancing customer satisfaction with faster transactions, and reducing operational risks by minimizing cash handling. Digital records also provide valuable data that facilitates access to financing, stimulating growth. While cash remains popular for its perceived speed and convenience, there’s significant potential to introduce similarly convenient and secure digital payment solutions that complement cash usage. Beyond direct benefits, digital payment adoption drives economic growth and financial inclusion, connecting the unbanked to the formal financial system and enabling access to savings, credit, and insurance. Research shows that the transition to the digital economy can generate 1-2% annual GDP growth – a mere 1% increase in card usage generates an average $67 billion annual increase in goods and services consumption across 70 countries and territories. Visa: A Partner in Driving Digital Payment Adoption Visa is uniquely positioned to support Ethiopia’s transition to a more digital economy. As a trusted advisor and partner, Visa offers a range of capabilities to help governments, financial institutions, businesses, and technology providers enhance their digital payment acceptance maturity. Visa’s suite of solutions includes programs for specific merchant segments, innovations like Tap to Phone, Contactless Payments and Click to Pay, and resources educating businesses about the benefits of digital payments. About the Visa Value of Acceptance report Visa’s ‘Value of Acceptance: Understanding the Digital Payment Landscape in Ethiopia’ report, conducted by 4Sight Research & Analytics, examines the current state of digital payment acceptance, exploring both opportunities and challenges. The findings are based on face-to-face interviews with 259 SMB owners/managers across who are key decision makers with respect to day-to-day business decisions. About Visa Inc. Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

Ethiopian Capital Market Authority Grants Securities Investment Advisor License to Ethio Capital Solutions PLC

Ethiopian Capital Market Authority Grants Securities Investment Advisor License to Ethio Capital Solutions PLC Addis Ababa, Ethiopia – February 19, 2025 The Ethiopian Capital Market Authority (ECMA) has officially issued a Securities Investment Advisor License to Ethio Capital Solutions PLC, expanding the range of professional investment advisory services available in the country’s capital market. The move is part of ECMA’s broader effort to develop a well-regulated, transparent, and dynamic financial ecosystem. What the License Means The Securities Investment Advisor License allows Ethio Capital Solutions PLC to provide expert financial advisory services to various market participants, including issuers, individual investors, and institutional investors. The advisory services will focus on helping clients navigate the complexities of securities investments while maintaining high ethical standards, investor protection principles, and regulatory compliance requirements. The license was issued in accordance with Capital Market Service Providers Licensing Directive No. 980/2024, which outlines the qualifications, ethical standards, and operational criteria required for firms seeking to offer investment advisory services. Significance for the Ethiopian Capital Market The Ethiopian capital market is still in its early stages of development following the establishment of ECMA and the introduction of the Capital Markets Proclamation. The licensing of investment advisors like Ethio Capital Solutions PLC is expected to strengthen market confidence by ensuring that investors—both local and international—have access to reliable financial expertise and guidance. Investment advisors play a critical role in providing market analysis, portfolio management strategies, and risk assessment, allowing investors to make informed decisions. With this development, Ethiopia’s capital market is taking a step toward increased professionalism, transparency, and investor participation. Regulatory Oversight and Compliance ECMA has emphasized that all licensed Securities Investment Advisors must adhere to strict compliance and reporting requirements. These include: Ensuring that investment advice is objective and in the best interest of clients Complying with ethical standards and conflict-of-interest regulations Upholding investor protection principles to prevent fraudulent or misleading practices Regularly reporting to ECMA on business activities and adherence to market regulations The Ethiopian Capital Market Authority expects that Ethio Capital Solutions PLC will contribute to financial literacy, investor education, and overall market development. As the country continues to implement its capital market framework, more financial service providers are expected to enter the sector, offering a wider range of services to support Ethiopia’s growing investment landscape. This development is viewed as a positive step toward enhancing investor confidence, improving access to investment expertise, and fostering a well-regulated securities market in Ethiopia. 1 COMMENT Tegene Asefa Geme (Mcs) February 20, 2025 At 4:31 pm The introduction of licensed investment advisors is a strong move toward creating a well-regulated, dynamic, and professional financial market in Ethiopia. This will help transition the economy from a bank-dominated financial system to a more diversified one with opportunities for capital market investments. The introduction of licensed investment advisors is a strong move toward creating a well-regulated, dynamic, and professional financial market in Ethiopia. This will help transition the economy from a bank-dominated financial system to a more diversified one with opportunities for capital market investments. Comments are closed.

AliExpress to Expand Local Currency Payments in Ethiopia and Beyond

AliExpress to Expand Local Currency Payments in Ethiopia and Beyond AliExpress, the global e-commerce platform owned by Alibaba, is set to expand its local currency payment options across several African countries, including Ethiopia, Nigeria, Kenya, South Africa, and Egypt, by February 24. This initiative is designed to enhance accessibility and convenience for African consumers, eliminating the reliance on international payment methods such as credit cards and foreign currency exchanges. By allowing transactions in local currencies, AliExpress aims to address one of the biggest barriers to online shopping in Africa—limited access to international payment systems. Many African consumers face difficulties making purchases online due to restrictions on foreign currency usage and a low penetration of global banking services. This expansion is expected to encourage more customers to shop on the platform, driving e-commerce adoption across the continent. A Major Step in AliExpress’s African Expansion Strategy The introduction of local currency payments represents a significant milestone in AliExpress’s broader strategy to tap into Africa’s rapidly growing digital economy. The African e-commerce market has been experiencing exponential growth, driven by increased internet penetration, rising smartphone usage, and an expanding middle class. With digital transactions becoming the preferred mode of payment, AliExpress is positioning itself to cater to this demand by offering seamless and localized shopping experiences. For Ethiopian consumers, the move is particularly impactful as Ethiopia has historically had strict foreign currency controls that often hinder online purchases. By integrating local payment solutions, AliExpress is making it easier for Ethiopian shoppers to access international products without the added burden of currency conversion fees or limited payment options. Physical Showrooms to Strengthen Local Presence Beyond digital transactions, AliExpress is also expanding its physical footprint across Africa. The company is opening showrooms in key markets such as Ethiopia, Nigeria, and South Africa. These showrooms will serve as hubs where wholesale customers and business owners can physically inspect products before making bulk purchases. This initiative aims to address concerns about product quality—one of the common hesitations among African consumers when shopping online. For local businesses, these showrooms will provide an opportunity to explore a variety of imported goods, compare options, and interact directly with AliExpress representatives to streamline their procurement processes. This direct engagement is expected to enhance trust between the platform and African business owners, further integrating AliExpress into the local trade ecosystem. Strategic Partnerships for Seamless Transactions AliExpress’s expansion into Africa’s local currency payments is being supported by strategic partnerships with regional telecom and financial service providers. These partnerships ensure that payments can be processed smoothly through mobile money platforms, bank transfers, and other locally preferred digital payment methods. In countries like Kenya and Nigeria, where mobile money services such as M-Pesa and Paga dominate financial transactions, AliExpress’s integration with these platforms will make online shopping even more accessible. Ethiopia, on the other hand, has been rapidly adopting digital financial solutions like Telebirr, which could play a significant role in facilitating payments for Ethiopian shoppers. By aligning its payment infrastructure with Africa’s most widely used financial services, AliExpress is reducing barriers to e-commerce participation and creating a more inclusive digital marketplace. Aiming for Market Dominance in Africa’s E-Commerce Boom The African e-commerce market is projected to grow significantly in the coming years, with increasing numbers of consumers turning to online shopping due to convenience and a wider range of product choices. AliExpress’s expansion strategy signals its intent to compete more aggressively with other global e-commerce giants such as Amazon and Jumia, which have also been making moves to dominate Africa’s online retail space. With the rollout of local currency payment options and an enhanced physical presence, AliExpress is positioning itself to become a dominant force in Africa’s digital commerce industry. By addressing key challenges such as payment accessibility, trust in product quality, and localized customer engagement, the platform is strengthening its foothold in one of the fastest-growing e-commerce markets in the world. As the February 24 rollout date approaches, consumers and businesses across Ethiopia, Nigeria, Kenya, South Africa, and Egypt can expect a more seamless and locally adapted shopping experience on AliExpress. This expansion not only benefits shoppers by making international products more accessible but also presents significant opportunities for local businesses looking to leverage global trade. 1 COMMENT Darmolo kedir February 19, 2025 At 7:57 pm I am very happy by this un expected technology and market communication with the great worldwide market AliExpreses I am very happy by this un expected technology and market communication with the great worldwide market AliExpreses Comments are closed.

Hilton Expands Presence in Ethiopia with DoubleTree Hotels in Adama and Dire Dawa

Hilton Expands Presence in Ethiopia with DoubleTree Hotels in Adama and Dire Dawa Hilton is strengthening its footprint in Ethiopia with the signing of a deal with Brighton Hotels and Business Plc. to introduce two new DoubleTree by Hilton properties in Adama and Dire Dawa. Set to open in 2028, these hotels will bring internationally branded hospitality to two of Ethiopia’s key regional cities, supporting the country’s growing business and tourism sectors. Carlos Khneisser, Hilton’s vice president of development for the Middle East and Africa, expressed enthusiasm about the collaboration, emphasizing the company’s commitment to expanding its presence across Ethiopia. “We are thrilled to work with Brighton Hotels and Business Plc. to bring DoubleTree by Hilton to Adama and Dire Dawa,” he said. “These properties will complement our soon-to-open DoubleTree by Hilton Addis Abeba Airport and the well-established Hilton Addis Abeba. We look forward to delivering reliable, welcoming stays for both business and leisure travelers.” Strategic Locations and Modern Amenities The Adama hotel will be strategically located along the main road connecting the city to Addis Ababa, in proximity to Adama Science and Technology University, Oromia Regional State Council, and several industrial hubs. Designed to offer a premium guest experience, it will feature 188 guest rooms and suites, providing sweeping views of the Rift Valley mountains. Guests can expect multiple dining options, a spacious ballroom, six meeting rooms, a business center, a spa, and an outdoor pool. In Dire Dawa, the hotel will be positioned near new government offices and industrial zones, just a 10-minute drive from Dire Dawa International Airport. It will house 150 guest rooms and suites, offering a blend of comfort and contemporary design. Additional amenities include diverse dining venues, a spa, a fitness center, an outdoor pool, and versatile meeting spaces, including a grand ballroom. A Major Step for Ethiopian Hospitality Brighton Hotels and Business Plc. founder Yadeta Bekri highlighted the significance of the partnership, stating, “We are delighted to work with Hilton to bring an international brand to Adama and Dire Dawa. These hotels will provide spacious accommodations, modern amenities, and an elevated food and beverage experience for both travelers and the local community.” With Hilton already operating Hilton Addis Abeba and preparing to launch DoubleTree by Hilton Addis Abeba Airport, the company’s expansion aligns with its broader strategy to grow across Africa. By introducing high-quality hospitality infrastructure in regional economic hubs, Hilton aims to contribute to Ethiopia’s evolving tourism and business landscape. As Ethiopia continues to develop its hospitality sector, the arrival of DoubleTree by Hilton in Adama and Dire Dawa marks a promising milestone in the country’s efforts to attract more visitors and enhance travel experiences outside the capital.

Ethiopia Secures $600 Million Investment for Integrated Dairy and Commercial Farming Project

Ethiopia Secures $600 Million Investment for Integrated Dairy and Commercial Farming Project Addis Ababa, Ethiopia – Ethiopian Investment Holdings (EIH), Ethiopian Agricultural Business Corporation (EABC), and Asset Green have entered into a Shareholders Agreement (SHA) to jointly invest in an Integrated Dairy and Commercial Farming Project. The partnership aims to enhance Ethiopia’s agricultural sector through large-scale commercial investment and the introduction of advanced agricultural technology. The SHA was signed by Dr. Brook Taye, CEO of Ethiopian Investment Holdings; Ato Kifle W/Mariam, CEO of EABC; and Mr. Afshin Afsharnejad, CEO & Chairman of Asset Green. The signing ceremony was attended by Ethiopia’s Deputy Prime Minister, H.E. Ato Temesgen Tiruneh, and the Deputy Prime Minister of the United Kingdom, H.E. Angela Rayner. The project, valued at nearly USD 600 million, will be implemented in two phases. The initial phase will focus on establishing a large-scale dairy farming and processing operation, with integrated feed farming on 15,000 hectares to ensure a stable supply chain. The second phase will expand operations to include cotton, oilseed, and rice farming, supported by advanced processing facilities and an integrated out-growers support center. During the ceremony, Ethiopia’s Deputy Prime Minister H.E. Ato Temesgen Tiruneh emphasized the government’s commitment to agricultural development, noting that the initiative aligns with efforts to enhance food security, create employment opportunities, and promote economic growth through investment and technology. Dr. Brook Taye, CEO of EIH, described the agreement as a significant step toward modernizing Ethiopia’s agricultural sector. He highlighted EIH’s commitment to incorporating Environmental, Social, and Governance (ESG) safeguards and leveraging state-of-the-art technology to support sustainable growth. Mr. Afshin Afsharnejad, CEO & Chairman of Asset Green, reiterated the company’s dedication to the partnership, emphasizing that the collaboration seeks to establish a vertically integrated agribusiness that improves productivity, efficiency, and sustainability. The Integrated Dairy and Commercial Farming Project is expected to generate employment, attract foreign direct investment, and contribute to Ethiopia’s long-term economic development. The initiative also supports EIH’s broader strategy of promoting large-scale investment in key sectors, positioning Ethiopia as a leading agricultural hub in Africa. 1 COMMENT Teshome Korme February 19, 2025 At 8:27 pm The timely projects for the starving poor Ethiopian people. This project may set the model for modern agriculture in Ethiopia and benefits all across the value chain. The primitive fragmented agriculture in Ethiopia already proved for it’s inability to feed the exploding population and non sustainable. Wishing Success The timely projects for the starving poor Ethiopian people. This project may set the model for modern agriculture in Ethiopia and benefits all across the value chain. The primitive fragmented agriculture in Ethiopia already proved for it’s inability to feed the exploding population and non sustainable. Wishing Success Comments are closed.

Airbus signs Flight Hour Services contract for Ethiopian Airlines’ A350 fleet

Airbus signs Flight Hour Services contract for Ethiopian Airlines’ A350 fleet Dubai, United Arab Emirates, 17 February 2025 – Airbus has signed a 7-year Flight Hour Services (FHS) contract with Ethiopian Airlines for the comprehensive maintenance of its fleet of 24 Airbus A350 aircraft, including both the A350-900 and A350-1000 models. This agreement will provide Ethiopian Airlines with dedicated on-site stock in Addis Ababa, access to Airbus material pools worldwide, as well as repair and engineering support for a wide range of critical rotable parts. By leveraging Airbus’ extensive engineering expertise, Ethiopian Airlines will benefit from guaranteed component availability, rapid access to essential parts, and optimized maintenance processes. This will ensure minimal aircraft downtime and maximize operational reliability across its global network. Retta Melaku, Chief Operating Officer of Ethiopian Airlines, stated:“As the first African operator of the A350 Family, we are committed to maintaining the highest standards of performance and reliability across our fleet. Partnering long-term with Airbus through this FHS agreement will help us optimize operations, reduce maintenance-related delays, and ensure our passengers continue to experience the best in safety, comfort, and service.” Laurent Negre, Vice President of Customer Services for Airbus Africa and Middle East, said:“This partnership reinforces Airbus’ commitment to delivering tailor-made maintenance solutions that support airlines in achieving the highest levels of operational efficiency. We are proud to support Ethiopian Airlines with our Flight Hour Services solution to enhance fleet reliability and streamline maintenance operations for its A350s.” Ethiopian Airlines has been a long-standing Airbus partner and was the first African carrier to operate both the A350-900 (June 2016) and the A350-1000 (November 2024). Airbus Flight Hour Services (FHS) provides a comprehensive maintenance solution designed to help airlines ensure component reliability and availability while controlling maintenance costs. Through a combination of pooled inventory, on-site stock, and tailored repair and engineering support, FHS helps carriers optimize operations and improve fleet reliability. More than 1,400 aircraft worldwide are currently covered by Airbus FHS agreements. Contacts for Airbus Africa and Middle East: Marie Ioan: +971 56 9962387 | [email protected] Zaid Al-Farah: +971 56 603 7704 | [email protected] Fanny Jacquet: +971 54 204 2393 | [email protected] #EthiopianAirlines @Airbus #FHS #A350