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.


Premier Pushes Domestic Drug Production

A six-day domestic pharmaceutical production and innovation expo was inaugurated by Prime Minister Abiy Ahmed (PhD) last week. More than 110 local pharmaceutical manufacturers participated at the Millennium Hall on Airport Road. Recently appointed Minister of Health Meqdes Daba (MD), said local production of pharmaceuticals has become a cornerstone of health policy, which received approval from the Council of Ministers a month ago. However, a report from the Global Fund For Health last year r...


AfDB Lauds $8m for Solar Mini-Grid

Around half a million people foresee benefits from the pilot mini-grid built across nine sites in Amhara, Oromia, Sidama, and the Southern regional states. African Development Bank Group has approved eight million dollars in finance to support the project under the Distributed Renewable Energy & Agriculture Modalities (DREAM) program. The DREAM project, with a total budget of 20 million dollars through concessional loans, grants, and risk mitigation, will cover half of the mini-grid capital...


Parliament Approves $275m Loan for Urban Project

A  275 million dollar loan agreement was approved by Parliament last week, to support the second phase of the Urban Water Supply & Sanitation Project. Set to be implemented over the next three years, the project follows negotiations between Ethiopia and the International Development Association (IDA). The Chief Whip Tesfaye Beljige (PhD), presented details of the loan agreement to lawmakers and said that the project focuses on enhancing the supply of clean drinking water and improving sa...