Ethiopia: a billion Euros worth of fuel in the past 11 months

(HornTrade) -  Ethiopia imported one billion Euros worth of fuel in the past 11 months, which shows the country’s ever rising fuel consumption, APA learns here on Monday.

The Ethiopian Petroleum Enterprise said that the rise in fuel consumption has been witnessed due to the rapid economic growth of the country.
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Lufthansa Challenges Air France in Ethiopia, Congo, Figaro Says

(HornTrade) - Ethiopia Airlines is close to signing an agreement to join Deutsche Lufthansa AG’s Star Alliance, French daily Le Figaro reported, citing unidentified executives at the International Air Transport Association. Read the rest of this entry »

Kenya requiring RFID sensors for cargo shipments

(HornTrade) – By the end of June the country of Kenya will require importers, exporters, clearing agents and transporters to comply with a new regulation requiring use of electronic tracking devices with all cargo shipments.
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Ethiopia to lengthen fibre-optic line

(HornTrade) – Ethiopia is working to extend the current 7,000 kms of fiber-optics line to 10,000 kms in the coming three months with the aim of expanding telephone and internet services. This is indicated by the Minister of Finance and Economic Development, Sofian Ahmed, while presenting five year performance report of the ministry to the country Parliament.
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Kenya Airways eyes new routes with leased planes

(HornTrade) – Kenya Airways, part-owned by Air France-KLM, said on Wednesday it had taken delivery of two leased Embraer aircraft and would increase flights to key African cities as well as open up new routes.

The two planes, which Finnair Oyj said last month it was leasing to Kenya Airways for four years at a cost of around $20 million, bring the African carrier’s Embraer fleet to five planes. Read the rest of this entry »

Stratex expanded its activities in the Ethiopia-Djibouti border

(HornTrade) – Gold and base metals explorer Stratex International has expanded its activities into Djibouti with the award of six new licences covering 535 sq km.

They brings the company’s total land package in the Afar Depression to 2,780 sq km, straddling the border of Ethiopia and Djibouti. Read the rest of this entry »

Indian sugar producers target Comesa region

(HornTrade) – ZIMBABWEAN participants at the Indian Sugar Expo to be held in Kenya in July are set to gain valuable information and technical know-how on value addition to the sugar cane raw material, the president of the Sugar Technologists’ Association of India has said.Sugar Technologists’ Association of India president Dr Rao said that one of the main objectives of the Expo was the promotion of technological development in sugar, power and alcohol. Read the rest of this entry »

Ethiopia: 110 People Receive Jail Sentences for Corruption

(HornTrade) — Federal courts sentenced 110 individuals for corruption, ranging up to 21 years in prison and 50,000 Br fines, according to Reporter.

Chief among the culprits were the former general manager of the Land Development Office with the Kolfe Keranio Sub-City, Wondwosen Alemu, and the former finance officer with the Judgment Execution Department of the Read the rest of this entry »

East African nations to challenge colonial Nile treaty

(HornTrade) — Under the 1929 accord, which still stands in international law, none of the other nine countries in the Nile basin can tap the river’s bounty without Cairo’s permission.

And because 95 per cent of Egypt’s water supplies come from the world’s longest river, that approval has rarely been given despite soaring demand for water across Africa.

Now Ethiopia, Kenya, Uganda, Rwanda and Tanzania have agreed a new pact to share the Nile’s waters more fairly and removes Egypt’s veto.
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South African Firm May Manage Addis-Djibouti Railway

(HornTrade) – The Ethiopian Government has approved a South African-based company to operate the existing Addis Ababa-Ethiopia railway, but it has to be accepted by its Djiboutian counterpart, reports Capital. Another South African-based company, Comazar, had been negotiating with the governments of Ethiopian and Djibouti for a 25-year concession for the 781 kilometre track linking the Ethiopian capital to the country’s major port, but the Read the rest of this entry »