FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo



National Carrier Expands Fleet

Sep 18 , 2021

Ethiopian Airlines has acquired an additional Bombardier aircraft from de Havilland Canada. The 'Dash 8' is the 32nd such aircraft to join the company's fleet since it made the first acquisition in March 2010. Ethiopian has two simulators for the aircraft. The aircraft is known for its short take-off and landing capabilities as well as its efficiency. The Dash 8 was introduced by de Havilland Canada (DHC) in 1983. The company was acquired by Boeing five years later and then again by Longview Aviation Capital, a Canadian firm, in 2019.

Radar

Authority Enacts EV Charging Stations Directive

A new directive setting technical standards, licensing requirements, and safety measures for electric vehicle (EV) charging stations has been approved. Created by the Petroleum & Energy Authority (PEA), it aims to ensure the quality of energy supply and the safety of charging stations and accelerate the adoption of EVs. The directive outlines service provision regulations, including technical and safety standards as well as electricity tariff criteria. It divides public charging stations...

Read more >>

Radar

Fuel Prices Surge Following Subsidy Withdrawal

The Council of Ministers has authorised monthly reviews and adjustments to retail fuel prices, leading to a price hike on January 7. The increase affects gasoline, kerosene, white diesel, light black diesel, heavy black diesel, and jet fuel. Gasoline prices rose by 11.3pc to 101.47 Br a litre. White diesel and kerosene prices increased by 9.6pc, while light black diesel now costs 108.30 Br a litre, and heavy black diesel is priced at 105.97 Br. Long queues at fuel stations persisted until...

Read more >>

Radar

Wegagen Bank Expands into Diaspora Real Estate Market

Wegagen Bank has signed a memorandum of understanding (MoU) with Deluxe Properties to support diaspora communities in purchasing homes. The agreement was signed at Wegagen Bank's headquarters last week. Under the MoU, Wegagen Bank will provide financing to diaspora buyers of Deluxe Properties' homes. The bank offers loans covering up to 80pc of the property's cost, with repayment terms spread over 25 years. The Bank stated the initiative supports the National Bank of Ethiopia's (NBE) m...

Read more >>