Ethiopian has already become the largest airline in Africa based on fleet size that pledges the flagship carrier to expand its network in 2015, enabling it to widen the gap with other leading African carriers. Ethiopian currently has orders for ‘next generation’ aircraft including 20-30 737 MAX 8s, 14 A350s, three 737-800s, two 787-8s, two
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Tadesse Tilahun, the chief executive of National Oil Ethiopia By Wendell Roelf CAPE TOWN (Reuters) – Ethiopia’s leading private oil marketer plans to build a $5 billion refinery within ten years to meet the growing demand for refined products in a region experiencing fast economic growth. A refinery could compete with imports from India, the
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Tadesse Tilahun, the chief executive of National Oil Ethiopia By Wendell Roelf CAPE TOWN (Reuters) – Ethiopia’s leading private oil marketer plans to build a $5 billion refinery within ten years to meet the growing demand for refined products in a region experiencing fast economic growth. A refinery could compete with imports from India, the
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JOHANNESBURG (miningweekly.com) – Aim-listed gold explorer and developer Kefi Minerals has received approval from Ethiopia’s Ministry of Mines to develop its Tulu Kapi project. The company’s application for the 86 000-oz/y mine was now before the Council of Ministers for approval to execute a mining agreement and to issue the mining licence and full permitting
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By Anders Heede of BDO, FT Many emerging markets, especially in sub-Saharan Africa, have seen solid GDP growth in the past decade driven mainly by natural resources. But with falling commodity prices and Chinese demand dwindling, those with overly resource-dependent economies are being caught. Companies seeking to invest in emerging markets should be on the
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By Nick Compton, The Guardian Which is the poorest city in the world? Ranking hardship is not a simple, or happy, task – but as the world urbanises, city poverty becomes ever more important. Here are the places that struggle most For most of history, and despite the stereotype of urban squalour, it has been
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By William Davison (Bloomberg) — Development of the Ethiopian sugar industry in South Omo that will bring in migrant laborers may exacerbate conflict in the ethnically diverse region, according to the U.S. aid agency and other donors. The state-owned Ethiopian Sugar Corp. is tapping loans from the Development Bank of China to build six sugar-processing
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Diageo, the world leader in alcoholic beverages, has been facing tough circumstances recently in their traditional markets. For one, they have been losing share in the U.S., which accounts for over 20% of net sales and 45% of profits, on account of uneven economic growth, lack of price competitiveness, and changes in consumer preferences. Second,
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WASHINGTON —Acting on internal World Bank reports that identified serious shortcomings in the implementation of its resettlement policies, the World Bank today released a plan that will improve the oversight and management of resettlement practices to ensure better protection of people and businesses affected by Bank-funded projects. Three reports, which reviewed over two decades of
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Ethiopia’s richest man is once again among the richest person in the world ranking 116 among the World’s 1,826 Billionaires. His fortune dropped from $15.3 Billion in 2014 to $10.9 Billion in the latest ranking. He is the second richest black person in the world just behind Nigeria’s cement tycoon Aliko Dangote, who is ranked
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