Ethiopian Airlines has penned a groundbreaking agreement with aerospace giant Boeing (NYSE: ), marking the largest aircraft purchase in Africa's history. The carrier, in a strategic expansion under its Vision 2035 strategy, signed a contract for up to 67 jets during the Dubai Airshow. Lema Yadecha, Chief Commercial Officer of Ethiopian Airlines Group, confirmed that this move aligns seamlessly with their ambitious Vision 2035 strategy. Beyond the new aircraft, Ethiopian Airlines will also embark on cabin modification services for its existing fleet of 787 Dreamliners. In addition to the Boeing agreement, Ethiopian Airlines has secured a deal with Airbus for another 11 aircraft, further diversifying its fleet and reinforcing its position as a leading carrier in Africa.
November 17, 2023 10:22 UTC
Meanwhile, some of Abiy’s Amhara opponents alleged that he had orchestrated the entire affair to rein in an Amhara region that was becoming increasingly assertive, due not least to Asaminew’s efforts.  While the Amhara region was not formally party to the dialogue, the deputy president of the Amhara region, Getachew Jember, was a member of the federal government’s negotiating team. Crisis Group interviews, leading Amhara opposition politician, July 2023; Amhara analyst, October 2023. “AAA Confirms Extrajudicial Killing of 7 Amhara Civilians by Abiy Regime Forces on August 30, 2023”, Amhara Association of America, 25 September 2023. Therefore, it looks clear that more structured discussions among Amhara, Tigray and Oromo elites (or between the Amhara and Oromo and between the Amhara and Tigray) are warranted parallel to or in conjunction with peace efforts in those regions.
November 17, 2023 09:50 UTC
When it comes to music services in Africa, the bigger established countries like South Africa and Nigeria tend to hog the headlines. One example today is from Ethiopia, where local streaming service Sewasew Media has bagged a big international partner: Universal Music Group. The deal will see Sewasew license and market UMG’s international catalogue in Ethiopia, as well as music from its African subsidiaries Def Jam Africa, Motown Gospel Africa and Republic Records Africa. “This partnership is a testament to Ethiopia’s growing importance in the global music industry, and we are confident that it will be a success for both companies,” said Sewasew MD Abraham F. in a statement. Like other streaming services in Africa, Sewasew doesn’t just license music from labels, it also works directly with artists.
November 17, 2023 09:47 UTC
Ethiopian Airlines became Africa’s first A350 operator in 2016, and has been a customer of Rolls-Royce for many years. This order will complement the airline’s existing fleet of 40 Rolls-Royce Trent XWB-84 engine. DUBAI, UAE – Rolls-Royce announces it has signed a Memorandum of Understanding for a comprehensive TotalCare service agreement with Ethiopian Airlines for 22 Rolls-Royce Trent XWB-84 engines. Ethiopian Airlines Group CEO, Mr. Mesfin Tasew, said: “We are excited to place this commitment for 11 Rolls-Royce Trent XWB-84 powered Airbus A350-900 aircraft, which will be supported by a comprehensive Rolls-Royce TotalCare services agreement. As the world’s most efficient large aero engine in service, the Trent XWB will also help fast track Ethiopian Airlines’ sustainability journey.
November 17, 2023 09:41 UTC
US President Joe Biden and his Chinese counterpart Xi Jinping made rival bids to win over Asia-Pacific allies at a summit in San Francisco Thursday, just a day after the two leaders met in a bid to reduce tensions between the superpowers. "We're not going anywhere," Biden told business leaders attending the APEC (Asia-Pacific Economic Cooperation) summit in San Francisco as he tried to reassure the 21 member economies of US commitment to the region. "A stable relationship between the world's two largest economies is not merely good for those two economies but for the world," Biden said. Xi met Mexican President Andres Manuel Lopez Obrador, who frequently shuns international meetings, and Peru's interim President Dina Boluarte. Obrador will huddle with Biden on Friday when the two men are expected to address fentanyl, some of which comes through Mexico on its way into the United States.
November 17, 2023 09:37 UTC
AdvtJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETTelecom App Get Realtime updatesSave your favourite articles Scan to download AppADDIS ABABA: Ethiopia has cancelled a process seeking an international telecoms licence , a senior adviser at the finance ministry said on Friday, further delaying the potential entry of a third operator.The Ethiopian Communications Authority ECA ) launched the procedure, known as Request for Qualification, in June, after reviving the tender process in November last year. It had been suspended in December 2021 after proposals were sought that September. "The licence process has been terminated. We had not launched a request for bids yet, because we wanted to assess market potential and readiness," Hinjat Shamil , the senior adviser at the ministry overseeing the bidding process, told Reuters.
November 17, 2023 08:53 UTC
The year-on-year inflation rate of the Food and Non-alcoholic component of the CPI, for the month of October 2016 Ethiopian fiscal year, stood at 29.7%. Comparatively, the inflation rate for the same month in the previous year, October EFY2015, was 30.7 percent. Notably, for the last six months, since March EFY2015, the inflation rate showed reduction. “…Both the food and the non-food year-on-year inflation have continued to be stubbornly high. Similarly, during October 2016 EFY the year-on-year inflation rate of the Non- Food Index of the CPI was 28.5%.
Source:News Business Ethiopia
November 17, 2023 08:39 UTC
Israel's war against the satanic Hamas enters its fifth week, with Israeli forces penetrating deep into Gaza and destroying the vast Hamas terror network as they advance. Yitzchak and Rivkah make their lives in the very land that is today's war zone. Israel is routing out the evil in Gaza; can America rout out the evil rot that is threatening its institutions and its way of life?
November 17, 2023 08:36 UTC
Furthermore, in East Gojjam, near Motta and its surrounding areas, and in Bibugne district, over 50 civilians fell victim to two separate drone attacks that occurred within a span of four days. Many residents have reportedly fled their homes and sought refuge in nearby jungles to evade drone attacks and artillery shelling. Similar to the pattern observed over the past six months, the Ethiopian government has remained silent on the alleged drone attacks in Gojjam—an area in the Amhara region where government forces have encountered a fierce resistance. The Amhara region has been under a state of emergency since August, and internet services have been shut down for more than six months now. Abiy Ahmed’s administration launched the military operation in the Amhara region under the guise of “disarming the Fano” in as little as two weeks- which did not happen.
November 17, 2023 07:53 UTC
The World Bank and the Government of Ethiopia concluded assessment of the implementations of the 43 projects in Ethiopia worth $15 billion financed by the Bank.
Source:News Business Ethiopia
November 17, 2023 02:52 UTC
Has Brad Pitt fallen out of favor with another of his six children with Angelina Jolie? In addition to Zahara, Jolie and Pitt also share Maddox, 22, Pax, 19, Shiloh, 17, and twins Vivienne and Knox, 15. Ines makes him very happy,” the source told People. Jacob Elordi won’t discuss dating Lori Loughlin’s daughter Still, the possible sidelining by Pitt’s oldest daughter has people wondering about the state of that relationship. “She’s so smart,” Pitt told Vanity Fair at the time.
November 16, 2023 23:05 UTC
Dublin, Nov. 16, 2023 (GLOBE NEWSWIRE) -- The "Ethiopia Data Center Market - Investment Analysis & Growth Opportunities 2023-2028" report has been added to ResearchAndMarkets.com's offering. The Ethiopia data center market is expected to reach a value of $226 million by 2028 from $95 million in 2022, growing at a CAGR of 15.54% from 2022-2028This report analyses the Ethiopian data center market share. Data center development in Ethiopia has gained momentum with investments from notable operators like Raxio Data Centres and Safaricom, marking a steady growth trajectory for the country's data center infrastructure. The Ethiopia data center market is set to become more competitive, attracting new investors starting from 2022. A detailed study of the existing Ethiopia data center market landscape, an in-depth industry analysis, and insightful predictions about market size during the forecast period.
November 16, 2023 22:40 UTC
BRICS invited five oil-producing countries Saudi Arabia, the UAE, Egypt, Iran, and Ethiopia to control the global oil market. However, BRICS inducted Ethiopia as their long-term goal is to promote de-dollarization initiative in Africa through the new member. Ethiopian Prime Minister Abiy Ahmed said that Ethiopia’s membership in BRICS is advantageous, as it promotes the South-South cooperation framework. The development comes at a time when reports suggest that African countries are on the sidelines of the de-dollarization initiative. Read here to know how Kenya is working on the BRICS idea of de-dollarization initiatives in Africa.
November 16, 2023 22:21 UTC
An international pop-up bar that takes over watering holes across the world, Miracle runs from Nov. 29-Dec. 31. While it’s not technically a holiday bar, spirits are always high at Helen’s. Black Lodge: Look forward to terrifically horrible holiday puns and yuletide debauchery at the Brenner Pass-adjacent bar Nov. 28 through Dec. 31. Virago Spirits: Step inside this tucked-away tasting room and cozy up with a Tahitian Holiday cocktail for an tropical winter mashup. Friendsgiving, Cirrus Vodka (Nov. 18): Holiday market with food trucks and vendorsClassic Greek Flavors, The Kitchen Classroom (Nov. 19): Learn how to whip up chicken souvlaki, zippy tzatziki, pan-seared halloumi and more.
November 16, 2023 21:53 UTC
Months after halting food aid in Ethiopia following a massive theft of aid by local officials, the U.S. Agency for International Development will restart aid donations in December. Over 20 million in the country at large need assistance with food. What happenedOn April 20, 2023, the World Food Program informed its humanitarian partners that it was suspending deliveries of food aid to the Tigray region because it had uncovered widespread theft. Drawing up lists of community members who need food will also be handled by aid agencies. “Given the significant number of people in need of food assistance in Ethiopia, we are pleased these important reforms will allow the delivery of food assistance to those who need it most.”Holly Richardson is the editor of Utah Policy
November 16, 2023 17:39 UTC