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Capital Looks Forward to Usher Aviation Innovation Expo

Sep 10 , 2023


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The first Aviation Innovation Expo that aims to provide a networking platform and commercialise inventions while promoting aviation products and services is slated to open at the Ethiopian Science Museum after a month. With hopes of highlighting tech innovation across African countries, the Global Innovation Initiative Group (GIIG) partners with UNICEF Ethiopia to organise the Global Startup Awards Africa Summit where 15 winners that address critical global issues will be recognised. The expo is expected to exhibit products of 80 individuals and companies, competition with training and financing opportunities for the winners, and a one-day symposium that will have a research paper presentation and discussion. Organised by the Ethiopian Civil Aviation Authority and the Ministry of Transport & Logistics the event will take place from October 24-28, 2023. Getachew Mengiste, director of the Authority, said the aviation policy, which will pave the way for private investors to invest in the airport infrastructure and management, is in the final stage of ratification. The policy focuses on facilitating airports, air navigation and aeronautical metrology services with autonomous air transport management systems. He said that building aviation technology manufacturing, infrastructure and training skilled human resources for the sustainability of the aviation industry is pivotal. State Minister Denge Boru, called on professionals and innovators to make Ethiopia the Aviation Hub of Africa in 15 years by implementing the Next Generation Air Transport System.


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Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


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Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...