Tewolde GebreMariam received the Airlines Business Award at this year’s Airline Strategy Awards

Tewolde GebreMariam received the Airlines Business Award at this year’s Airline Strategy Awards Former Ethiopian Airlines chief executive Tewolde GebreMariam received the Airlines Business Award at this year’s Airline Strategy Awards on Sunday. Organized by FlightGlobal, the awards – which have been held since 2002 – recognize individuals, airlines, and companies supporting air transport that have demonstrated dynamic leadership and clear vision. This year, Tewolde was among senior aviation industry leaders recognized in a ceremony held on Sunday. Tewolde received the prestigious Airline Business Award to recognize his achievements over an 11-year spell at the helm of Ethiopian Airlines, during which he showed skill across a range of disciplines, from crisis management to long-term strategic planning. Between Tewolde taking charge in 2011 and 2019, Ethiopian quadrupled in size, growing from a fleet of 33 aircraft carrying three million passengers to a fleet of 130 aircraft carrying 13 million passengers, as it became a gateway to the African continent. When he stepped down earlier this year, Tewolde handed over an airline that is a rare case study in making a success of operations on the African continent. “He has shown true leadership in a region where success is hard to come by at the best of times. Under his watch, Ethiopian was not just the envy of other African carriers – it had admirers from all around the world,” said Airline Business editor Lewis Harper. Tewelde was replaced by Mesfin Tasew as the CEO of Ethiopian Airlines in March 2022. Apart from the former Ethiopian CEO, Turkish Airlines chief executive Bilal Eksi also received the 2021 Executive Leadership Award in recognition of the Istanbul-based flag carrier’s standout performance over the past two years, as it demonstrated both resilience and strategic nous. The other individual winners at the Airline Strategy Awards were Korean Air chief executive Walter Cho, Sun Country Airlines chief executive Jude Bricker, and Allegiant Air’s Maurice Gallagher and John Redmond Tags ethiopia business news ethiopian airlines tewolde geberemariam

Ahadu Bank officially started working

Ahadu Bank officially started working Ahadu Bank was founded in 2021 by 17 organizing committee members and brought together more than 10,000 shareholders with a paid-in capital of 564 million and a signed capital of 702 million. Today, July 16, 2022, in the presence of senior government officials, the bank’s shareholders and invited guests, at the bank’s headquarters. Home (Flamingo Front Sunshine Building) officially the work it has started its work. The guest of honor and governor of the National Bank of Ethiopia, Mr. Ynager Dese Ahadu, who attended the official launch program of the bank and spoke, said that the Bank’s new ideas in technology make it a bank that keeps up with the times. He said that the support of the National Bank to make the bank accessible to Ethiopians in rural areas is essential. Ahadu Bank aims to become a leader in the financial sector in Ethiopia in 2025 with the aim of ensuring prosperity for the people and the country. Ahadu Bank today opened branches in Ledata Geja neighborhood and African Union area, apart from its head office in Flamingo, and it is known that the number of branches will reach 50 by the end of September. The chairman of the board of Ahadoo Bank, Mr. Anteneh Sebsbe, announced that he plans to achieve the minimum starting capital of 5 billion birr set by the National Bank within three years. Tags ahadoo bank Ahadu Bank

Ride vs Feres who’s becoming a winner

Ride vs Feres who’s becoming a winner By- Yinebeb Bahru It has been a one-month since I left Addis Ababa after I get a better job. When I was in Addis, in the time of emergency and at midnight, I and my close friends always give call to either Ride or Feres taxi-hailing platforms. Both RIDE and Feres were the biggest taxi-hailing/ booking platforms in Ethiopia. Currently, both platforms operate mainly in Ethiopia’s capital Addis Ababa. The ride is the leading taxi-hailing platform in Ethiopia with over 42,000 drivers since 2016. However, in recent years over 20 competitor companies joined the taxi-hailing market, among them Feres is the major competitor for Ride, it’s difficult to get detailed statistics about market share respectively. However, before I prepare this article I ask detail information from taxi drivers and passengers in Addis, who use both Feres and Ride, the major taxi-hailing service providers in Ethiopia. Surprisingly all of them preferred Feres over Ride, In this article, I will try to address key factors that shrink Ride’s market share by its major competitor Feres, and also I give some recommendations on the digital transformation perspective: Street pick up Feres have a street pickup feature for its Android and iOS applications, a street picks up feature offers a chance for customers to book randomly without giving a direct call to the contact center, which means passengers ask random taxi-looking, “taxu can you pick me?” Instead of requesting a through the app or giving a call. In Ride, you should call 8294 or use the RIDE Passenger App to begin the strip, laterally Ride developers understand this limitation and they add street pickup features a few weeks for both Android and iOS users, a feature isn’t good in terms of security, however, both passengers and taxi drivers hate this requesting a through the app or give a call for contact center, That’s why the majority of drivers and passengers prefer Feres than Ride. Price Ride charges 12% commission from drivers however Feres charges only 8% commission, pay to the company. Also, Feres charges 10 ETB per kilometre but Ride charges 12 ETB, plus to that Just like Ethiopian airplanes Sheba miles, Feres will give a gift known as a mile for both passengers and taxi drivers to load money in the E-Birr app depending on the distance they travel, passengers can use this mile for future travel. Unfortunately, this feature isn’t available in Ride. (Note: $1 is approximately 53.0 Ethiopian birr.) Short distance When customers are asking Feres drivers. This approach gives drivers to easily find another passenger who made a request and is also less time-consuming for passengers and also minimizes waiting time Price. Fast Call center response If you give a call to Feres call center they pick up immediately, when you came to Ride it’s another story, you should wait until the robot finish talking and you press some number based on the robot’s instruction of your choice. In General Drivers are the main beneficiaries of the taxi-hailing platform competition in Addis. This is because drivers can register their car from different taxi-hailing platforms, at the same time and they open different applications at the same time and when they get a request from either one of them, they will choose what they want. Last but not least I highly recommend all taxi-hailing platforms consider digital-first culture for their business, it helps to expand their customer, and also it helps a business gain more customers. Digital-first culture allows those companies to reach an international market. The changes should focus on enhancing the customer experience. Companies need to start by evaluating the needs and wants of their customers. Once identification is required, businesses must ensure that the new technologies meet the specific customer needs. The new customer experience should be positive and consistent.

Gebeya & Google Partnership Set to Birth Africa’s New Wave of Machine Learning Developers

Gebeya & Google Partnership Set to Birth Africa’s New Wave of Machine Learning Developers In its ongoing efforts to bridge the gap between African talent, startups and SMEs, and the tech industry, Gebeya recently partnered with Google to launch the Google Developers Machine Learning Bootcamp in Sub-Saharan Africa. The intermediate training and hiring program targets residents in Sub-Saharan Africa, in a partnership between the Pan-African talent marketplace headquartered in Ethiopia and multinational tech giant, Google. The three-month accelerated program will run from July to October 2022. The bootcamp is designed to develop machine learning engineers utilizing industry-leading resources. The Google Developers Machine Learning Bootcamp is divided into four components and leverages Gebeya’s network of talents and partners: Machine Learning Training: Participants will complete a self-paced machine learning theory course Coursera. The specialization course will take a deep dive into the fundamentals of deep learning. Machine Learning Certification: After successful completion of the ML course, participants can then obtain industry-recognized certification in the field. Machine Learning Practice: Putting theory into practice to solve real-world problems, this stage gives participants the opportunity to demonstrate their deep learning and machine learning skills. Gebeya’s Machine Learning Network: Participants will gain insight from industry experts and decision-makers, fostering relationships that will aid in post-program employment. With machine learning developer roles being in high demand in Africa and across the world, Gebeya and Google’s partnership is appropriately-timed and spotlights the continent’s continuous advancements. “The Google Developers Machine Learning Bootcamp supported by Gebeya aids in closing the developer gap within today’s machine learning landscape and strengthening Africa’s tech ecosystem,” says Amadou Daffe, CEO & Co-founder of Gebeya. “In Gebeya’s history, partnerships like the one with Google have enabled critical upskilling opportunities to build the talent pipeline on the continent.” Similar to Gebeya’s marketplace talent identification process, applicants to the Google Developers Machine Learning Bootcamp will undergo pre-screening to determine program eligibility. For companies seeking to hire ML developers, this initiative is a gateway to accessing qualified professionals and promoting cross-training with existing engineers. And for Gebeya, the program serves as another pipeline to building Africa’s ecosystem. Applications are now open for SSA Google Developers Machine Learning Bootcamp. All program details are available here. Tags gebeya Google Machine Learning

Safaricom Ethiopia will launch its pilot service in Dire Dawa

Safaricom Ethiopia will launch its pilot service in Dire Dawa Safaricom Ethiopia has announced that it will launch its pilot service in Dire Dawa next month. Safaricom said in a statement today that it will launch a range of network services in July, including SIM card sales, and will provide services to more than 24 cities by April 2023. He said the institute has been focusing on the construction of various infrastructures, including towers, national distribution networks, since its acquisition. It is said that it is currently conducting technological tests to provide quality service. According to the statement, the company has invested more than $ 300 million in network services. Safaricom, Ethiopia’s first private telecom company, is expanding its services and is ready to provide quality services to telecom companies. Tags Safaricom

Addis Ababa City Administration to handover, 24,491 condominiums of 40/60 and 20/80

Addis Ababa City Administration to handover, 24,491 condominiums of 40/60 and 20/80 A total of 24,491 condominium houses will be drawn tomorrow in the third round of 40/60 and 20/80 condominiums in Addis Ababa. Addis Ababa City Administration Mayor Adanech Abebe made a statement on the lottery. The mayor stated that 79,794 registrants will be included in the lottery. Out of the 20/80 enrollees who have been saving for 60 months, they will be given priority. Addis Ababa City Administration Mayor Adanech Abebe, senior city officials and observers will be present at the draw ceremony to be held at 8:00 PM tomorrow morning. Tags 20/80 40/60 addis ababa condominium Lottery

Ethiopia increased Retail prices for petroleum products

Ethiopia increased Retail prices for petroleum products The Ministry of Trade and Regional Cooperation announced that the selling price of petroleum products has increased starting from tomorrow, July 5, 2022 to July 5, 2022. Preparations are underway to finalize the price of oil products and profit margins, as well as price adjustment and implementation of targeted subsidies, at the 3rd regular meeting of the Council of Ministers. According to a statement sent by the Ministry Gasoline —- 47.83 per liter White Diesel 4 .49 point 02 per liter Kerosene… 49 point 02 per liter Light black diesel… 53.10 liters Heavy Black Diesel… 52.3 per liter 98.83 per liter of jet fuel.

Ethiopian airlines has opened a five-star terminal hotel inside the Bole International Airport

Ethiopian airlines has opened a five-star terminal hotel inside the Bole International Airport Ethiopian Airlines opens hotel in Addis Ababa Bole International Airport The hotel will provide modern hotel services, especially for international transit passengers. This airport hotel is a modern restaurant operated by Skylight Hotel; It is known to have a bar and 97 bedrooms. Long-haul transit passengers have been provided with comfortable bedrooms where they can eat well and rest until the next flight. Ethiopian Airlines have launched new destinations in Athens in Greece, Chennai in India, Damman in Saudi Arabia, Jakarta in Indonesia and Bahrain. Starting from July 1, these new routes would be added to the airline’s 127 international destinations and this comes as the airline has opened a five-star terminal hotel inside the Addis Ababa Bole International Airport. Ethiopian Airlines General Manager for Nigeria, Shimeles Arage, said travellers who need a pre-flight freshen up or those with shorter stopovers can use the hotel’s 24-hour spacious, pet-friendly rooms and suites with luxury bedding, and flat-screen TVs. He also revealed that the hotel is located within the airport terminal building and only a maximum of one-night stay is permitted due to government regulations but that once guests check-in at the hotel, they cannot leave the premises. Ethiopian commands the lion’s share of the Pan-African passenger and cargo network operating the youngest and most modern fleet to more than 130 international passenger and cargo destinations across five continents. Ethiopian Airlines inaugurated 373-room Skylight Hotel four years ago and is currently constructing a number two hotel with 667 rooms. Tags ethiopian airlines Ethiopian airlines terminal hotel skylight

Ethiopian Airlines Is The Largest Operator Between Africa & Asia

Ethiopian Airlines Is The Largest Operator Between Africa & Asia Ethiopian Airlines probably gets more attention for its European and North American network than it does for South, Southeast, and North Asia. After all, Western markets account for two-thirds of its non-Africa and Middle East flights from many more routes. But that is just part of the story. The largest airline to Africa There’s no question about it. While Asia remains down, especially because of China, Asia-Africa is an important market for the Star Alliance member. In 2019, when things were normal, Ethiopian Airlines was the leading airline between the two continents (excluding the Middle East). Booking data shows that it had about a quarter of the eight million-plus passengers carried, more than any other airline, including Emirates via Dubai. Ethiopian Airlines to Asia While the Indian city of Chennai has been served for freight, it’ll join Ethiopian’s passenger network on a regular, scheduled basis on July 2nd, the same month that Jakarta returns. And in August, the Philippine capital, Manila, will be served again. It means that Ethiopian Airlines’ Asia passenger network in August (excluding the Middle East) comprises 13 destinations, as summarized below. Notice how exceptionally badly affected China, normally its main Asian market, remains. It is still limited to 1x weekly passenger flights per route – it has just 8% of previous flights. There’s still no Beijing, with no indication when it’ll return. Elsewhere, there’s no Kuala Lumpur or Singapore. Bangalore: 3x weekly; uses the B787-8 and B737-800 Bangkok: 1x daily non-stop (continuing to Hong Kong, Jakarta, Manila); B787-8 Chennai: 3x weekly; B737 MAX 8s begins July 2nd Chengdu: 1x weekly; B777-200LR; only bookable to Ethiopia Delhi: 10x weekly; B787-8 Guangzhou: 1x weekly; B777-300ER Hong Kong: 3x weekly (1x via Bangkok, 2x non-stop); B787-8 Jakarta: 3x weekly (via Bangkok); B787-8; resumes July 5th Manila: 3x weekly (via Bangkok); B787-8; resumes August 3rd Mumbai: 2x daily; B777-200LR Seoul: 3x weekly (continues to Tokyo); B787-8 Shanghai: 1x weekly; B777-300ER Tokyo Narita: (via Seoul); B787-8 Chennai begins on July 2nd Normal, regular passenger services from Addis Ababa to Chennai, in the state of Tamil Nadu, take off on July 2nd, the day after writing. At 2,821 miles (4,540km), the route is just 6% short of being considered long-haul. Booking data shows that over 140,000 people flew between Chennai and Africa in 2019. Notice the schedule, below, with all times local. The aircraft remains in India for 18h 20m. That’s for one reason: to ensure it arrives at its Addis Ababa hub to ensure connectivity to 50+ African cities and to São Paulo. Indeed, it is for this reason that the vast majority of Ethiopian Airlines’ flights from Asia, the Middle East, Europe, and North America arrive between 05:10-08:00 and leave between 22:30-01:30. Addis Ababa to Chennai: ET692, 23:30-08:10+1 (block time of 6h 10m) Chennai to Addis Ababa: ET693, 02:30-06:10 (6h 10m) Tags ethiopian airlines