Capital Looks Forward to Usher Aviation Innovation Expo

Sep 10 , 2023


[ssba-buttons]

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.


Radar

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...