Browsing: Covid effects

The EAC bloc should urgently work to attract international investors and embark on joint regional investments in the vaccine manufacturing industry for quick economic recovery.

This is according to East African Business Council Chairman Nicholas Nesbitt who is calling for a coordinated approach on COVID-19 measures to spur EAC economic recovery and growth.

Nesbitt noted that joint EAC investment offers a larger pool of capital resources, expertise and market.

At the same time, EAC’s board has directed the EABC Secretariat to champion advocacy on the adoption of open skies and one network area to reduce the cost of doing business in the region.

The board said that open skies attract regional tourism and improve consolidation of EAC exports to overseas markets such as horticulture.

According to the board, open skies are also critical in supporting the resilience and recovery of tourism, hospitality and transport sectors, which were highly impacted by …

Ethiopia has had a good run as a country these past few years and its national carrier has had an even better time in business despite the Covid-19 pandemic. 

The pandemic has almost crushed many airlines but Ethiopian has remained one of the most resilient ones not only in Africa but also globally. 

Ethiopian Airlines has performed so well that Airbus has awarded it for its unique agility and resilience that it displayed amid the global crisis. 

Functioning under Ethiopian Airlines Group, which is the largest aviation group in Africa, the airline has managed to maintain the operation of all its fleet in a sector where its peers are operating at 10 per cent of their capability. Many airlines have gone bankrupt leading to many losing their livelihoods. 

Also Read: Lessons from Ethiopian Airlines success despite pandemic

To survive the Covid-19 onslaught, Ethiopian converted its A350 passenger aircraft to …