Business : African Development Bank lends $159 mln to Ethiopian Airlines

Business : African Development Bank lends $159 mln to Ethiopian Airlines

Reuters December 15,2016 ADDIS ABABA – Ethiopian Airlines will get a $159 million loan from the African Development Bank to help finance an expansion plan that includes doubling the size of its fleet and increasing its revenue to $10 billion over the next decade. The state-owned carrier has around 80 planes, including Boeing 787 Dreamliners […]

Business : Ethiopia Turmoil Threatens Unlikeliest Airline Success Story

Business : Ethiopia Turmoil Threatens Unlikeliest Airline Success Story

by Liezel Hill Bloomberg Published on December 11, 2016, 10:00 PM EST December 12, 2016, 3:09 AM EST →CEO sees ‘business as usual’ amid state of emergency →Hub model has forged African champion in one of poorest states Ethiopia, indelibly linked with images of grinding poverty and famine, has quietly built one of Africa’s rare […]

Business : Selam Bus lost 8.5 million Eth birr but claims profit hike

Business : Selam Bus lost 8.5 million Eth birr but claims profit hike

[adToAppearHere] borkena December 6,2016 Selam Bus share company lost 8.5 million Ethiopian birr this past year due to widespread protest in the country, reported Addis Fortune. The loss is attributed to cancellation of about 650 trips to Negemete and Assosa due to the protest in Oromia region of Ethiopia. From the report, 8.5 million birr […]

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