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Capital Looks Forward to Usher Aviation Innovation Expo

Sep 10 , 2023


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The first Aviation Innovation Expo that aims to provide a networking platform and commercialise inventions while promoting aviation products and services is slated to open at the Ethiopian Science Museum after a month. With hopes of highlighting tech innovation across African countries, the Global Innovation Initiative Group (GIIG) partners with UNICEF Ethiopia to organise the Global Startup Awards Africa Summit where 15 winners that address critical global issues will be recognised. The expo is expected to exhibit products of 80 individuals and companies, competition with training and financing opportunities for the winners, and a one-day symposium that will have a research paper presentation and discussion. Organised by the Ethiopian Civil Aviation Authority and the Ministry of Transport & Logistics the event will take place from October 24-28, 2023. Getachew Mengiste, director of the Authority, said the aviation policy, which will pave the way for private investors to invest in the airport infrastructure and management, is in the final stage of ratification. The policy focuses on facilitating airports, air navigation and aeronautical metrology services with autonomous air transport management systems. He said that building aviation technology manufacturing, infrastructure and training skilled human resources for the sustainability of the aviation industry is pivotal. State Minister Denge Boru, called on professionals and innovators to make Ethiopia the Aviation Hub of Africa in 15 years by implementing the Next Generation Air Transport System.


Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


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EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


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Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...