Browsing: Ethiopian Airlines

According to the statement, an invitation to bid for the ownership of Nigeria Air under the Federal Government of Nigeria’s Public-Private Partnership (PPP) regulations, overseen by the Infrastructure Concession Regulatory Commission (ICRC),

Published on March 5 in the Economist and several local Nigerian papers, with a deadline for the Request for Proposal (RFP) set for May 10 2022, but was later extended to June 10 2022.

On March 15, the Transaction Advisor built a data repository for all Nigeria Air facts, including the Outline Business Case (OBC) and financial model.…

• Ethiopia is one of the largest countries in Africa
• The US has a long diplomatic relation with Ethiopia dating 1903
• Ethiopia is building a hydroelectric dam that will generate 5,000 megawatts of electricity

Ethiopia economy is one of Africa’s fastest-growing economies with a GDP projected to trend around US$ 112 billion, representing at least 0.10 per cent of the world economy.   Thus, US-Ethiopia relations have presented rather effective diplomatic potential for one of the populous nation in the region.   

The East African nation has made noteworthy and tremendous economic improvements which have seen the nation’s GDP per capita rise from US$162 in 2005 to US$790 in 2018, an average annual growth rate of more than 14 per cent, according to information from the US Department of State.  

Ethiopia with its rich history has recorded substantial economic strides over the past decade, and the United States of America (USA) is one …

• Since he became the CEO in 2011 to his retirement in 2022, yearly turnover grew from US$1 billion to US$4.5 billion
• Ethiopian Airlines’ fleet increased from 33 to 131 planes, and passengers grew from 3 million to 12 million passengers a year
• Tewolde explained that his decision to resign came after advice from his doctors to concentrate on his health

Last week, Mr Ato Tewolde Gebremariam, The Chief Executive of Ethiopian Airlines, retired for undisclosed health reasons. The Airlines will remember the honourable man for the revolution he brought from the day he got the main man job. Since he became the CEO in 2011 to his retirement in 2022, yearly turnover grew from US$1 billion to US$4.5 billion. The fleet increased from 33 to 131 planes, and passengers grew from 3 million to 12 million passengers a year.

He started working for the Ethiopian in 1985 as a transportation …

Growing competitiveness, a roller coaster of fuel prices, labor unions, and especially the phenomenon of low-cost carriers have made it all the more difficult to reach positive earnings pretty much in every route.

With a number of countries sporting continental distances, Africa has been an exciting promise for air carriers, but not without its challenges. Poor infrastructure and the high cost of maintenance and logistics have plagued the development of an effective air grid in the continent. Nevertheless, a great opportunity remains.

At the beginning of the last decade, South African Airways was a dominant force, carrying some 9 million passengers yearly while Kenya Airways and Ethiopian Airlines combined were just shy of 6 million yearly passengers. However, poor management choices combined with borderline irresponsible behavior from …

More Africa airlines have joined Africa Unions Digital Vaccine Passport Platform in a bid to manage travels amid the on-going COVID-19 pandemic that has hit the third wave.

The Airlines include Ethiopian Airlines and Togos ASKY Airlines who have announced the adoption of the platform.

The airlines follow Kenya Airways that was among the first airlines to use the portal.

The portal’s key features include information about the latest travel restrictions, and entry requirements, a database of authorised laboratories and vaccination compliance information, as well as Africa CDC mutual recognition protocol for Covid-19 testing and test results and vaccination certificates.

Ethiopian Airlines’ customers will now enjoy hassle free travel experience with their travel pass helping them verify whether their medical information meets various COVID – 19 regulations of their destination.

“We are offering new digital opportunities to our passengers so as to fully and safely restore air travel.  We are …

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 …

Airlines in East Africa need to learn a thing or two from Ethiopian Airlines to be able to clinch opportunities even in uncertain times.…

Ethiopia wants to join the World Trade Organization (WTO), the historically technocrat country now wants to open its doors and become a market economy.

This means privatizing its industries, a move that the country was previously reluctant to take. However, over the last eight years, Ethiopia has been making major economic reforms and the world has begun to notice.

Under the new liberalization policy, Ethiopia will now privatize some key sectors like its telecom industry and its national pride, the airlines led by Air Ethiopia as well as its banking and logistics sectors.

The world has taken notice and to urge and nudge the country on, the international community has allowed it to resume negotiations with the WTO.

A bid 8 yrs in making

Ethiopia started to make moves towards joining the WTO some 8 years ago when it first filed its application and a Working Party was formed in …

Tanzania became the first East African nation to reopen its schools, businesses and ports of entry, charting a new path in the management of the Corona Virus.

As of May 18, Tanzania reopened its airspace for international arrivals and the World is responding.

Only three days after it announced its reopening its airspace, local media reported that a chartered airplane landed at the Kilimanjaro International Airport on May 21. The plane had on board four Greek nationals.

Previously, the tourists would have had to go into a 14-day mandatory quarantine but not anymore. Now anyone entering the country only needs to go through a simple temperature check upon arrival. Other measures include having all arriving flights present an Advance Passenger Information System (APIS) so as to allow the Tanzania’s Immigration Department and Airport Authorities to identify high-risk passengers.

All non-APIS compliant flights will now be required to notify their passengers …

For the year 2020, Ethiopia is gearing up to open its first Stock Exchange market in over 45 years. With it, Africa will add one more stock exchange floor under its belt bringing the total number of working bourse on the continent to 30.

Almost half a century ago, back in the 70s, there was vibrant share trading at the National Bank of Ethiopia. That was in fact, one of the first, if not the very first, trading floor on the continent. Well, at least one that was not under colonial rule that is.

Now, some 45 years later after the Derg took down what would have inevitably been Africa’s main stock trading floor, Ethiopia is well on its way to re-establishing the trading floor.

Ethiopia becomes the 30^th of Africa’s 51 countries to establish a stock trading institute under the auspices of the government. For one of the …