Latest News Brief


Aviation Authority Claims Near Perfect Revenue Collection Performance

The Ethiopian Civil Aviation Authority (ECAA) collects 148 million Br of revenue, two million short of its plan for 2013/14, from over flight and navigation services. The authority has also given trade license to three new aviation operators and eight local operators.

The Authority says that it has achieved 85pc of its plan under the Growth & Transformation Plan (GTP), which is left with one year to expire.  It has renewed flight quality assurance certificate of 82 old air planes in addition to awarding the same certificates t0 nine new air planes.

Publication: The Ethiopian Herald, August 5, 2014


Al Ghandi Opens Representative Office in Ethiopia

Al Ghandi Investment Company, a Dubai based company known for distributing heavy trucks, machinery, engines, construction materials and generators, opens representative office in Ethiopia. The company, which has operations and franchises in over 15 countries in Africa and Asia, has presence in Ethiopia for the past five years through dealings with agents and distributors, according to Buti Saeed Al Ghandi, managing director of the company.

It has opened its representative office in Ethiopian with the purpose of managing its operations and supports the net work it is going to establish in the market as well as eye for investment opportunities in the country, according to Al Ghandi.

Publication: The Ethiopian Herald, August 2, 2014


East African Governments Explores Joint Financing Options for Lamu

The leaders of the governments of Ethiopia, Kenya, Uganda and South Sudan have met at Nairobi to explore joint financing options for the Lamu Port Southern Sudan-Ethiopia Transport (LAPSSET) corridor project. The meeting was attended by Prime Minister Haile Mariam Desalegn, Presidents Yuweri K. Museveni of Uganda, Salvakiir Mayardit of South Sudan and Uhuru Keyata of Kenya.

The leaders explored the complexities of shortening the period between the conceptualization and realization of sustainable financial model that will deliver implementation. Lamu project will cost around 3.1 billion dollar.

Publication: The Ethiopian Herald, August 2, 2014


EEP Announces New Transmission Line Completed

The Ethiopian Electric Power (EEP) announces that the installation of 141 Km Alamata-Mehoni-Mekele 230KV electric power transmission lines has been finalized. The line, which was launched in February 2012, would transmit 300 and 120 MW from Tekeze Hydropower and Ashegoda Wind Farm respectively through the previous and newly connected lines. The installation has cost 270 million Br, 85pc of which was financed by the African Development Bank (AfDB).

Publication: The Ethiopian Herald, August 2, 2014


Oromia Gives More Lands for Agricultural Investment

The Oromia regional state has given 169,000ht of rural land in the just ended fiscal year for small and micro enterprises (SME) that are engaged in agricultural investment. The region has given more than 80,000ht of the land for about 236,000 youths organized under SMEs to engage in agriculture, hiving, and animal feed as well as environmental protection activities.

The region has also prepared 86,000ht of land for investors that engage in agro industry, environmental development and other agricultural activities in the rural areas of the region. It has also overtaken 21,000ht of land from the investors, who are unable to begin developing and from those who held the land illegally.

Publication: Addis Zemen, August 2, 2014







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