Ethiopian Aviation Guru Becomes Secretary General of AFCAC

Dec 10 , 2018


[ssba-buttons]

Aviation guru Tefera Mekonnen has been elected as the Secretary General of the African Civil Aviation Commission (AFCAC). Four candidates were shortlisted for the position for the post. Tefera comes to the helm replacing Iyabo Sosina, a Nigerian, who had been leading the commission since 2012. Before assuming his current post, he has served as the Vice President of AFCAC as well as with the Air Transport Regulatory Board of the Common Market for Eastern & Southern Africa (COMESA). Tefera also directed the national Aviation Security programme, the separation of operational and oversight functions of aviation security and the establishment of an independent airport enterprise, when he was the general director of Ethiopian Civil Aviation Authority. “Tefera’s appointment would be an excellent opportunity for Ethiopia in advancing Africa’s interests in the sector,” said Workneh Gebeyehu (PhD), the foreign minister. AFCAC was fully established in 1964 and began functioning after five years.


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...