Ethiopian Partners with Boeing to Manufacture Airplane Parts

Aug 21 , 2023

Ethiopian Airlines has announced a 15 million dollar project in partnership with international aeroplane manufacturer Boeing to produce aircraft parts at Qilinto Industrial Park. Aircraft thermo-acoustic insulation blankets and electrical wire harnesses are slated for production at the four-hectare plot in the park while expected to employ around 300 people. The airline has boasted revenues of 6.1 billion dollars as of June, an increase of 20pc from the same time last year. In the ended year, it introduced seven new international destinations, including Copenhagen, Atlanta, and Karachi. The project was announced last week after the airlines signed an agreement with the Ethiopian Investment Commission (EIC) and Industrial Park Development Corporation (IPDC).


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...