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

Strathmore Business School Launches Partnership with Capital Business School, Ethiopia

Strathmore Business School Launches Partnership with Capital Business School, Ethiopia Addis Ababa, July 1, 2022 – Strathmore Business School(SBS) and Capital Business School(CBS)  have entered into an exciting new partnership that aims at tackling the skills gap in corporate Ethiopia. CBS, launched in Addis Ababa, Ethiopia in  2022 caters to corporate organisations looking to get customised executive business training for their employees. Through these different types of executive trainings, employees will receive practical knowledge that will empower them to provide localised solutions to challenges faced by corporates in Ethiopia. Participants of CBS will also receive global accreditation through the highly-ranked programmes and distinguished instructors. CBS has customised programmes that are tailor-made for organisations and their unique challenges. These courses are designed to fit executive levels. “Ethiopia is opening up very fast and now more than ever, we need our executives in Ethiopian organisations to be as sharp and polished as they need to be,”  said Addis Alemayehou, Chairman, Kazana Group and CBS. SBS is one of Africa’s top Business Schools that has developed transformational business leaders and has been at the forefront of innovation since inception. As the first university in Kenya to become ISO 9001:2000 certified. SBS aims to develop great leaders and in doing so, apply Strathmore University’s founding principle of leading society to greater development through service to all people without discrimination. As Dr George NJenga the Dean of SBS  mentioned at the signing ceremony “ At Strathmore, the values taken to core when enrolling students are: making them feel at home,being ethical and zero tolerance towards discrimination amongst students”. He also mentioned the need for regional collaboration in the whole of Africa in general and between Ethiopia and Kenya in particular. He has pointed out his commitment to replicate SBS’ success in Ethiopia in both the executive education and academic programmes. CBS’s  business to business  programme delivers its trainings  hybrid with both in-person and online sessions. These courses include extensive use of case studies and discussion based learning by Kenyan SBS. Our courses are targeted for company executives. The reason for the expansion of this business school is the dearth of high quality training in a country where there are up to twenty two banks, eighteen insurance companies, more than fifty major state owned enterprises with high earnings, more than eighty major multinational companies and hundreds of  big private limited companies are located in the capital and its regions. These corporations are sending executives to get the much needed courses abroad and now CBS will bridge that gap and deliver quality education right here in Ethiopia. ———————————————————————————————————————– Boilerplate: About SBS SBS, based in Nairobi, Kenya  provides its participants with a world-class learning environment, where they can share and reflect on their experiences and develop new ideas that will lead their companies into a new era. SBS faculty combine high academic standards and industry standards with industry perspective. The research done and academic study is industry-based and therefore applicable to the same. SBS faculty is involved in producing local and regional business cases. About CBS CBS is a private business school powered  by Addis Business Consulting PLC with a registered trademark under ABC PLC, is a  centre of excellence, located at the heart of Addis Ababa,  committed to provide exceptional executive education and to bridge the prevailing knowledge and skills gap in Ethiopia’s vibrant business ecosystem Our goal is to cater to corporate organisations looking to get customised executive business training. Corporate Organisations that receive CBS training will gain access to world-class business education from courses that have been carefully curated in collaboration with SBS. About Kazana Group Kazana Group is a holding company building Africa’s future with an extensive portfolio of over 16 companies operating in a diverse array of industries and sectors, notably in marketing, communications, advertisement, fintech, telecom, manufacturing, logistics, technologies, investment management & advisory, and many more. Kazana’s aim is to  promote economic prosperity by supporting companies in Africa that make impactful changes and solve critical problems in the lives of communities around them. To learn more, please email [email protected]. Tags ethiopian news ethiopian news today

Ride officially launched its service Djibouti

Ride officially launched its service Djibouti The the Mayor of Djibouti City, Mr. Seid Daood;  has officially launched the operation of Ride service in Djibouti in the presence of Djibouti’s Ambassador to Ethiopia Berhanu Tsegaye and senior officials of both countries including Ride Founder & CEO Samrawit. Speaking on the occasion, Djibouti City Mayor Seid Daud said the expansion of Ride to Djibouti is a good example for Regional Economic Integration. Ride CEO Samrawit Fikru Ride said Ride has created job opportunities for many & played a significant role in modernizing the transport industry, especially in Addis Ababa.She said her company will play a significant role in facilitating the transport activities of Djibouti. Ms. Samrawit added that more than 1,500 vehicles have been registered to modernize the taxi service in Djibouti in the past few weeks with 100 vehicles already operational. Tags djibouti ethiopia business news ride Samrawit

The Addis Ababa City Administration Cabinet to submit the 100.05 billion birr

The Addis Ababa City Administration Cabinet to submit the 100.05 billion birr Addis Ababa City Administration Cabinet has decided to submit more than 100 billion birr plan to the council for the 2015 Ethiopian budget year The Addis Ababa City Administration Cabinet has decided to submit the 100.05 billion birr budget plan to the city council for approval. During the 11th regular meeting of the cabinet held today, the cabinet discussed the plan of the city administration from 2015 to 2017. The City Finance and Economic Development Bureau has approved the 100.05 billion birr budget prepared for the 2015 Ethiopian budget year. Out of the budget, 29.79 billion birr will be subsidized to the sub-cities and the remaining 70.26 billion birr will be allocated to the executive at the city level. Out of the 70.26 billion birr budget, 54.87 percent is the capital budget and 42.29 percent is for recurrent expenditure. The remaining 3.87 percent is reserve budget. According to the information received from the city administration, the budget is designed to allocate public resources to the priority sectors, innovation and industry, in order to achieve the goals set by the city administration. Tags Adanech Abebe addis ababa

HEINEKEN Introduces Malt-based Energy drink to Ethiopian market

HEINEKEN Introduces Malt-based Energy drink to Ethiopian market Addis Ababa Ethiopia, June 21, 2022 – The brewery giant HEINEKEN Ethiopia today officially introduced its latest product, a non-alcoholic Energy drink “BERTAT” to the Ethiopian Market. at a colorful ceremony attended by Mr Hubert Eze, Managing Director of Heineken and other invited guests, the new nonalcoholic Energy drink was unveiled. With the growing consumer demand for healthier products Heineken Ethiopia brings its malt based non-alcoholic energy drink BERTAT, the first Energy Drink Proposition in a returnable glass bottle for the local market. As the nutrients can be quickly absorbed and processed by the body, malt beverages make for an ideal source of energy for individuals performing any mental or physical activity, they can serve as a quick energy boost or recovery drink. BERTAT delivers instant energy as a regular energy drink while providing the goodness of malt as well as nutritional benefits of vitamin B6 & B12 as an additional advantage. In addition, BERTAT will solves the barrier of energy drinks tasting artificial with its natural malt base while being refreshing with its accessible fruity flavor. Bertat is a brand that represents the go-getters who pass any obstacle to achieve their goal in life while enjoying the journey. HEINEKEN’s energy malt drink is a proven concept and recipe that has already been successfully launched in other African markets in recent years. HEINEKEN’s new malt base energy drink will be packaged using Glass that is a 100% recyclable, which has an infinite renewal cycle. Thus, it can be recycled and reused countless times, reducing the impact on the environment. During the launching ceremony Fekadu Beshah, External Communications Manager for HEINEKEN Ethiopia remarked that “HEINEKEN Ethiopia is a company known for launching innovations, it is in our company’s DNA. By introducing the 1st Malt based energy drink, we are moving the FMCG industry of Ethiopia another step closer towards meeting the needs of our consumers and customers.” Heineken joined the Ethiopian beer market in 2011, through the acquisition of two government-owned breweries operating in Ethiopia. Since then, the brand has been operating across three locations, one in the east Harar Region, and the second in Bedele, in the west of Ethiopia, and the third at Addis Ababa, the capital city of Ethiopia. In 2015 Heineken inaugurated its latest state-of-the-art brewery and since then it has continued to expand and invest in the country. -Ends- About HEINEKEN: HEINEKEN is a proud, independent global brewer, committed to surprise and excite consumers with its brands and products everywhere. The brand that bears the founder’s family name – Heineken® – is available in almost every country on the globe and is the world’s most valuable international premium beer brand. The Company’s aim is to be a leading brewer in each of the markets in which it operates and to have the world’s most valuable brand portfolio. HEINEKEN wants to win in all markets with Heineken® and with a full brand portfolio in markets of choice. The Company is present in over 70 countries and operates more than 165 breweries. HEINEKEN is Europe’s largest brewer and the world’s second largest by consolidated volume. HEINEKEN is committed to the responsible marketing and consumption of its more than 250 international premium, regional, local and specialty beers and ciders. These include Heineken®, Affligem, Amstel, Anchor, Biere Larue, Bintang, Birra Moretti, Cruzcampo, Desperados, Dos Equis, Foster’s, Newcastle Brown Ale, Ochota, Primus, Sagres, Sol, Star, Strongbow, Tecate, Tiger and Zywiec. Our leading joint venture brands include Crystal and Kingfisher. The number of people employed is over 81,000. Most recent information is available on HEINEKEN’s website: www.theHEINEKENcompany.com and follow us via @HEINEKENCorp Tags ethiopian news Heinkein Malt

600 Million USD Financing Agreements signed between the FDRE Ministry of Finance and the World Bank

600 Million USD Financing Agreements signed between the FDRE Ministry of Finance and the World Bank Financing Agreements signed between the FDRE Ministry of Finance and the World Bank Today June 24, 2022, a Financing Agreement amounting to US$ 600 million (US$ 200 million in the form of grant and US$ 400 million in the form of credit), for the implementation of the Food Systems Resilience Program (FSRP) and US$ 115 Million US dollars in the form of Grant for the implementation of De-risking, Inclusion and Value Enhancement of Pastoral Economies in the Horn of Africa Project (DRIVE) respectively which is in total US$ 715 Million (approximately 36.5 Billion ETB). The resource from the first Financing Agreement will be used to finance increasing the resilience of food systems and preparedness for food insecurity in project areas in the country. The resource for De-risking, Inclusion and Value Enhancement of Pastoral Economies in the Horn of Africa Project will be used to enhance pastoralists’ access to financial services for drought risk mitigation, include them in the value chains, and facilitate the livestock trade in the Horn of Africa. The Agreement was signed virtually by H.E. Ahmed Shide, Minister of Finance, and Ms. Boutheina Guermazi, Director for Regional Integration Africa representing the Federal Democratic Republic of Ethiopia and the World Bank respectively. Tags ethiopia news today Ethiopian Business News ethiopian news ethiopian news daily