Hawassa, (Ethiopia)- Indian fabrics and apparel major Raymond is looking to capture the stitched garments market in Europe and the US by exporting products from its new Rs 100-crore plant here. He said the new plant here would be significantly cost competitive and the company is confident of luring global buyers to source the suits from Ethiopia. "Ethiopia has a duty free access to Europe and America so the cost comes down significantly and also the government is very stable here" Singhania said. The facility currently makes 500 suits per day and the company plans to increase it to 4,000 per day by the next year. The green field suit plant will be operated by Silver Spark Apparel Ethiopia PLC , a wholly owned subsidiary of Raymond.
June 21, 2017 07:52 UTC
* Qatar Airways firms up an order for 20 Boeing BA.N 737 MAX jets after letter of intent last year for up to 60 737 MAX 8 jets. * United Airlines converts an order for 100 737 MAX jets into one for the new 737 MAX 10 model. * Lease Corporation announce memorandum of understanding for five 737 MAX 7s and seven 737 MAX 8s, worth about $1.25 billion. * Malaysia Airlines converts 10 of its order for 25 737 MAX aircraft to 737 MAX 10 jets. * Copa Airlines converts previous order for 15 737 MAX aircraft into one for 737 MAX 10s.
June 21, 2017 07:46 UTC
Ethiopian Airlines and Bombardier Commercial Aircraft announced (20-Jun-2017) the airline is the customer for five Q400 aircraft previously assigned to an undisclosed customer. The contract is valued at USD162 million at list prices. Ethiopian Airlines CEO Tewolde GebreMariam said "We are reordering the Bombardier Q400 turboprop as it is the core element in serving our expanding domestic and regional destinations". The airline operates the largest Q400 fleet in Africa with 24 aircraft. Bombardier now has 585 Q400s on firm order.
June 21, 2017 06:45 UTC
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June 21, 2017 05:15 UTC
The company would compete with National Oil Ethiopia Plc, or NOC, whose shareholders include Saudi Arabian billionaire Mohammed al-Amoudi. Oromia Petroleum targets a 21 percent share of Ethiopia’s fuel market within five years of operations. Four companies currently control 90 percent of Ethiopia’s fuel market, while demand is growing at an average 7 percent a year, it said. Within five years, Oromia Petroleum plans to expand to 165 stations across the nation, according to the study. Thirteen oil companies currently supply about 740 fuel stations in the country, with Oromia having 220, the largest concentration in all Ethiopia’s regions.
June 21, 2017 03:16 UTC
Source: Xinhua| 2017-06-21 03:48:21|Editor: yanVideo Player CloseADDIS ABABA, June 20 (Xinhua) -- The United Nations High Commissioner for Refugees, Filippo Grandi, on Tuesday praised efforts made by the Ethiopian government in handling the regional refugee crisis. Grandi made the remarks during the World Refugee Day commemorative ceremony held in Ethiopia's Gameblla regional state, which is housing most of the South Sudanese refugees. Ethiopia currently hosts more than 850,000 refugees from 21 countries with South Sudanese, Somalis, Eritreans, and Sudanese making up the majority. "We must help Ethiopia carry out this heavy responsibility and also be inspired by Ethiopia because it is a very shining example of African hospitality and international hospitality," Grandi stressed. With the world home to more than 65 million refugees, Ethiopia is playing its dutiful part as one of the top five refugee hosting countries globally, said Zeynu Jemal, Deputy Director of ARRA.
June 20, 2017 20:03 UTC
Ethiopian Airlines has placed an order for 10 additional airbus a 350-900 aircraft, the airlines announced on Tuesday. Last June, Ethiopian Airlines became the first African carrier to operate the A350 when it took delivery of the first of 12 aircraft in order. “The current order by the Addis Ababa-based carrier’s fleet will enable it to pursue its growth strategy and objectives over the coming years. “This order placement for additional A-350s is one component of this strategy,” Tewolde GebreMariam, group CEO of Ethiopian Airlines said. He said that the performance, operational and cost efficiencies of the initial A350-900s have resulted in these additional 10 aircraft order placement.
June 20, 2017 18:11 UTC
Ethiopia Counters Merera Gudina’s Request for Separate Terrorism CasesJune 21, 2017 - Federal prosecutors in Ethiopia maintained their argument Tuesday that their terrorism case against Merera Gudina, head of the Oromo Federalist Congress (OFC), need not be separated from a file that includes charges against other defendants that his defense says have nothing to do with Merera. Merera was arrested in November 2016 upon returning from Brussels, where he delivered a speech and testimony about the Ethiopian human rights situation to the European Parliament. A widely circulated photo showed Merera there with exiled opposition leader Berhanu Nega and Oromo Olympic athlete Feyisa Lilesa. Yet the government’s subsequent legal moves rolled charges against Merera and Berhanu into the same file, along with charges filed in absentia against Jawar Mohammed in the United States. Attorneys for Merera argued last month that any charges filed against him should be separated from those of the co-defendants.
June 20, 2017 15:56 UTC
Ethiopian Airlines to Evaluate A350-1000 Performance in AddisJune 21, 2017 - Chief executive Tewolde Gebremariam, speaking at the Paris air show as he confirmed an agreement to take 10 more A350-900s, said the airline was still examining the -1000's capabilities. He points out that Ethiopian is in the "unique situation" at Addis Ababa, some 2,400m above sea level. Airbus has already conducted high-elevation testing with the -1000 in South America, with take-off and landing trials at Cochabamba and La Paz. Gebremariam points out that the A350-900 is "doing very well" under Addis Ababa's conditions. The airline operates four of the Rolls-Royce Trent XWB-powered type and is set to take a fifth in the next few days.
June 20, 2017 15:45 UTC
Ethiopian Airlines, the largest airline in Africa, has placed an order for 10 additional Airbus A350-900 aircraft, enabling further development of its fast expanding long-haul route network. Last June, Ethiopian Airlines became the first African carrier to operate the A350 when it took delivery of the first of 12 aircraft in order. Ethiopian Airlines’ A350-900s are configured in a two class layout seating 30 passengers in Business Class and 313 in Economy Class. We will deploy the additional aircraft on our long haul routes connecting Addis Ababa with destinations in Africa, Europe, the Middle East and Asia,” explained Tewolde GebreMariam, Group CEO of Ethiopian Airlines. “Ethiopian Airlines’ repeat order is a resounding endorsement of the A350, its suitability, flexibility and unmatched economics.
June 20, 2017 15:22 UTC
The firm, which has its civil aerospace division in Sinfin, has received the order from Ethiopian Airlines to supply Trent XWB engines for 10 new Airbus A350-900 aircraft. And it includes TotalCare for 14 more aircraft which Ethiopian Airlines already has in service or on order. In total, more than 1,600 Trent XWB engines have so far been ordered. The Trent XWB is built in Derby and Germany and according to Rolls-Royce, its Trent XWB orders represent six years of production. It is a key event for the aerospace industry, bringing together airlines, aircraft manufacturers and engine suppliers like Rolls-Royce.
June 20, 2017 15:11 UTC
/EINPresswire.com/ -- TORONTO, ONTARIO--(Marketwired - Jun 20, 2017) - Bombardier Commercial Aircraft announced today that Ethiopian Airlines Enterprise is the previously undisclosed customer that signed a firm purchase agreement for five additional Q400 turboprop aircraft. "Our relationship with Ethiopian Airlines extends beyond straight buyer-seller," said Colin Bole, Senior Vice President, Commercial, Bombardier Commercial Aircraft. "Ethiopian is an Authorized Service Facility for Q400 aircraft and operates the only Q400 aircraft flight simulator in Africa. Notes to EditorsImages of Q400 aircraft in the livery of Ethiopian Airlines are posted with this news release at www.bombardier.com. Bombardier, Q400, CRJ Series and Q Series are trademarks of Bombardier Inc. or its subsidiaries.
June 20, 2017 14:48 UTC
Boeing and Ethiopian Airlines today announced a commitment to purchase two 777 Freighters at the 2017 Paris Air Show, valued at $651.4 million at list prices. The order will be reflected on the Boeing Orders & Deliveries website once it has been finalized. The airline also announced an order for 10 additional 737 MAX 8 airplanes, exercising options from their 2014 order, which was the largest for the 737 MAX in Africa. Ethiopian now has firm orders for 30 737 MAX 8s. The commitment to purchase two 777 Freighters is expected to boost the Ethiopian Cargo & Logistics Services,” said Tewolde GebreMariam, GCEO of Ethiopian Airlines.
June 20, 2017 14:48 UTC
ADDIS ABABA – Ethiopian Airlines has placed an order for 10 Airbus A350-900 aeroplanes, it said on Tuesday, in addition to at least another 10 it already has on order. “The performance, operational and cost efficiencies we have achieved with our initial A350-900s have resulted in these additional ten aircraft order placement and thereby suffice our ever-expanding global network,” Chief Executive Tewolde GebreMariam said in a statement.
June 20, 2017 13:30 UTC
The U.S. Agency for International Development (USAID), through its Livestock Market Development activity, today handed over approximately $800,000 (nearly 18.4 million Ethiopian Birr) worth of dairy processing equipment to 24 grantees operating in the Amhara, Oromia, SNNP and Tigray regions. Through these grants, thousands of smallholder farmers will have access to reliable buyers, and tens of thousands of consumers will gain access to formally processed dairy and meat products. The equipment delivered today included dairy packing machines, milk pumps, milk cooling tanks, milk pasteurizers and boilers, meat and milk transportation trucks, milk testing equipment, animal weighing scales and a mobile butcher shop. The equipment represents part of $1.9 million in USAID grants to the 24 grantees, which the grantees’ matched with their own investments of $4.2 million. The equipment grants highlight USAID’s work in the livestock sector and are a major contribution to transforming Ethiopia’s livestock sector, a goal of the Ethiopian Government’s Growth and Transformation Plan.
June 20, 2017 12:33 UTC