Business Archives - Addis Herald

August 1 2019

China,Ethiopia and Sri Lanka trilateral partnership under the South-South cooperation modality held in Addis

Xinhua ADDIS ABABA, — Officials from Ethiopia, China and Sri Lanka on Wednesday vowed to spur trilateral partnership under the South-South cooperation modality in the renewable energy technologies sector. They disclosed the joint commitments in the renewable energy technologies sector here on Wednesday during a high-level workshop, which focused on a trilateral South-South cooperation that […]

March 26 2018

New study shows Ethiopia could harness an estimated 10,000 MW from Geothermal power

The Ethiopian Government has announced results of 18 months of research and exploration by the Ethiopian Geological Survey with partners. According to the release, the Ethiopian Geological Survey and its partners have identified 23 areas with geothermal energy development potential in the Ethiopian Rift Valley Zone. According to Tamiru Marsha, Communication Affairs Director at the […]

September 26 2019

Addis Ababa University ranked 13th in list of Best Global Universities in Africa

IPSS Addis Ababa University (AAU) was ranked 13th in Africa and 729th globally in the fifth annual U.S. News Best Global Universities rankings. The rankings used 13 indicators and weights to measure global research performance. The rankings, which aimed to create a comprehensive snapshot of academics’ opinions about world universities, asked respondents to rate universities […]

November 15 2019

The 2nd phase of Bole international airport expansion to commence at the cost of $138 million

Xinhuanet The China Communications Construction Company (CCCC) announced on Friday the company is speeding up passenger terminal upgrading project of Ethiopia’s largest airport, the Addis Ababa Bole International Airport. Speaking to Xinhua, Li Xiudong, Deputy Project Manager at CCCC Ethiopia Office, said his firm is working to finish a 138 million U.S. dollars expansion and […]

September 30 2018

Following the Ethiopian Airlines playbook may be vital for South African Airways recovery, Money web

Last month, Ethiopian Airlines announced its results for the 2017/18 financial year, with the net profit of US$233 million up just 1.7% from $229 million the previous year. However, what is notable is that the East African carrier reported a 43% rise in operating revenue amounting to $3.7 billion It comes as no surprise though; […]

April 3 2019

Ethiopian Airlines Pilots Followed Boeing’s Required Emergency Steps to Disable 737 MAX System

Details of Ethiopian crew’s actions gleaned from preliminary black-box data By Andy Pasztor and Andrew Tangel, Wall Street journa Pilots at the controls of the Boeing Co. 737 MAX that crashed in March in Ethiopia initially followed emergency procedures laid out by the plane maker but still failed to recover control of the jet, according to […]

February 14 2020

“Canceling flights to China was probably more of an economic decision than an epidemiologic decision” former director of U.S CDC

VOA, By Salem Solomon As international airlines have canceled flights to China amid fear over the coronavirus, Africa’s largest air carrier, Ethiopian Airlines, has refused to do so. Despite mounting pressure, Ethiopian Airlines CEO Tewolde Gebremariam said there is no proof that canceling flights would help contain the virus. He stressed the need for screening and […]

December 18 2019

Bangladesh; Should we be wary of Ethiopia?

The Daily Star Mostafiz Uddin There is much talk of Ethiopia as the next “go to” apparel sourcing location right now, but how much is hearsay and how much should the Bangladesh Ready-Made Garment (RMG) industry fear this new rival needs scrutiny. The international apparel community is flooded with talk of the growing prowess of […]

January 29 2020

Three factors that make Ethiopia an attractive market for investors, CEO of PE

Forbes Life doesn’t always go as planned. In 2004, Berhane Demissie moved from the UK back to her native Ethiopia for two years. Now, more than 15 years later, she’s still there. “The job that I was doing here was so fulfilling. It gave more than financial returns. It gave personal satisfaction. The amount of work […]

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March 13 2020

Addis Ababa Green initiative project

The project aims to enhance the well-being of city dwellers by mitigating river flooding and through the creation of public spaces and parks, bicycle paths and walkways along the riversides. This project will run along two of the largest rivers of the city, stretching a total of 51 kilometres, all the way from the mountains […]