Ethiopian Airlines Consortium Wins Nigeria Carrier Bid

Sep 24 , 2022


A consortium with the Ethiopian Airlines Group as one of the major shareholders has won a bid to control Nigeria's national carrier – Nigeria Air. The other members of the consortium are Nigerian entities – MRS, SAHCO and the Nigerian Sovereign Fund, and FGN – which own 46pc and 5pc, respectively. Nigerian officials say the national carrier will be launched with three Boeing 737-800 aircraft and a shuttle service between Abuja and Lagos. The Ethiopian Airlines Group holds stakes in several other African airlines. This includes Togo's Asky Airlines, where Chief Executive Officer (CEO) Mesfin Tassew was serving as managing director when he was chosen to replace Tewolde Gebremariam as head of the Group. The Group registered revenues of five billion dollars last year.


Radar

Parliament Reviews Bill Allowing Foreign Property Ownership

A draft proclamation that would allow foreigners to own or occupy immovable property in Ethiopia has been submitted to parliament by the Council of Ministers. Designed to attract foreign investment, the draft law plans to ensure that Ethiopian citizens retain their right to land ownership and use. According to a statement from the Prime Minister's Office, the draft was among six agenda items discussed and approved during the Council's regular session held on May 2, 2025. The proclamation is e...


Radar

Speeding in the Spotlight as New Safety Drive Begins

The Road Safety and Insurance Fund Service has stated that drivers are responsible for 68 percent of traffic accidents in Ethiopia, with the remainder mainly caused by pedestrians and road conditions. On this topic, the service launched a one-month mass media campaign on last week focused on raising awareness about speeding, the leading cause of traffic accidents. The campaign, under the motto "Slow Down, Speeding Ruins Lives," plans to shed light on the dangers of speeding. Yohannes Lemma, E...


Radar

Askari Metals Secures Five Gold Licenses in Untapped Adola Belt

Askari Metals has acquired 100pc of Rift Valley Metals, gaining five gold exploration licences covering 460sqkm in Ethiopia's Adola Greenstone Belt, part of the southern Arabian-Nubian Shield, a mineral-rich but underexplored region. "The exploration areas—Sakaro, Sakaro West, Lega Dembi South, Megado, and Wayu Boda—lie near Ethiopia's top gold mines, including Lega Dembi and Sakaro, which have produced over three million ounces of gold. The area is known for orogenic gold systems hosted...