Former Diplomat Returns to Aviation

Dec 12 , 2023

Boeing has appointed Henok Teferra as its managing director for Boeing Africa, headquartered in Addis Abeba . With post graduate degree in international economic law from the University of Paris, Henok's stint of operations in the aviation sector for over a decade were interrupted when he was appointed as Ethiopia's Ambassador to France, Spain, Portugal and Monaco. His recent departure from Safaricom Ethiopia's Chief External Affairs was attributed to "personal matters that needed his attention." But he returned to the corporate scene in about a month assuming  a position which entails boosting the Company’s operations across the continent. Ethiopian Airlines Group, his former employer, is one of the largest customers of Being, the aircraft manufacturer.


Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...