Capital Looks Forward to Usher Aviation Innovation Expo

Sep 10 , 2023


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

Exchange Ponders Adding Salt to its Floor

The Ethiopian Commodity Exchange (ECX) is considering adding salt to its list as the 24th tradable commodity. Executives are currently conducting feasibility studies and preparing sales contracts. Last week, Ali Muhammed, deputy administrator of the Afar Regional State, and Ali Behani, Head of the Regional Mining Bureau, visited the ECX headquarters in the Mexico area. They said regional salt miners and processors are not adequately compensated for their production, with hopes that the EC...


Radar

Public Service Sector Receives Data Privacy Training

Staff members from the National Bank of Ethiopia, the Ministry of Trade & Regional Integration and the Ministry of Revenues received a three-day training on data privacy and protection over the past week. The training aimed to equip participants with the skills of proper data breach notification procedures, minimising risk of exposure, and secure data transfer practices to safeguard personal data during transmission. It was given by the Business Environment and Investment Climate (BEI...


Radar

Unleashing Millions for Micro-Entrepreneurs with Digital Loans

A 100 million-dollar program to scale up six financial institutions to facilitate digital non-collateral loans to micro, small and medium enterprises (MSMEs) was launched last week. Drawing experience from the first digital non-collateral lending platform dubbed Michu powered by Cooperative Bank of Oromia (COOP), the program coupled with Amhara, Bunna, Enat, Wegagen and ZamZam banks. Last year, Coop dispersed 946 million Br loans to farmers through cooperative unions and MSMEs, reaching m...


Back
WhatsApp
Telegram
Email