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Jul 20th
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Ethiopian generates record revenue of over 9.5bln birr
Flag carrier holding talks to enter code-sharing agreement with US airlines
By Hayal Alemayehu
Ethiopian Airlines generated a record revenue of over 9.5 billion birr during the just-ended Ethiopian budget year, Girma Wake, chief executive officer (CEO) of the airlines, told the Reporter on Wednesday.
Ethiopian generates record revenue of over 9.5bln birr
Flag carrier holding talks to enter code-sharing agreement with US airlinesBy Hayal Alemayehu
Ethiopian Airlines generated a record revenue of over 9.5 billion birr during the just-ended Ethiopian budget year, Girma Wake, chief executive officer (CEO) of the airlines, told the Reporter on Wednesday.
Editorial
Attracting foreign investors
Ethiopia has been witnessing recently a surge in foreign direct investment (FDI). In particular, Middle Eastern investors hailing from United Arab Emirates and Saudi Arabia have promised to invest billions of birr in the construction of railways and oil pipelines.
Attracting foreign investors
Ethiopia has been witnessing recently a surge in foreign direct investment (FDI). In particular, Middle Eastern investors hailing from United Arab Emirates and Saudi Arabia have promised to invest billions of birr in the construction of railways and oil pipelines.
Politics
Can justice be delayed for the much needed peace?
By Mehari Taddele Maru
PART I
"If you want to attack a cat, do not attack it in a closed room; keep a window or the door a bit open. Otherwise, a cornered cat fights to the end," according to an old Ethiopian saying.
PART I
"If you want to attack a cat, do not attack it in a closed room; keep a window or the door a bit open. Otherwise, a cornered cat fights to the end," according to an old Ethiopian saying.
Business & Economy
Latest updates on food security
Latest updates on food security
(Soarign food prices are further affecting the food security situation fo urban and rural poor)
By a Staff Reporter
The latest report of the UN Office for Humanitarian Affairs (OCHA) says soaring food prices are further affecting the food security situation of urban and rural poor, as well as vulnerable pastoral and agro-pastoral populations. The price of local maize was above 87 percent higher than import parity. According to the report, the prices of basic grains and imported food items have doubled or tripled in most areas of the Somali Region.
Economic Indicator
Implications of international developments on the Ethiopian economy
Inflation and commodity prices
The continued robust growth in the global economy is expected to sustain the current high growth of Ethiopia’s export earnings by boosting demand for export commodities. Very high oil prices in the international market, however, continue to pose the major risks to the domestic economy. According to a recent report of the National Bank of Ethiopia (NBE) the sustained rise in oil prices is expected to increase the country’s oil import bill, thereby exacerbating the current account deficit. In addition to this, higher oil prices in the international market are bound to affect domestic prices.
The continued robust growth in the global economy is expected to sustain the current high growth of Ethiopia’s export earnings by boosting demand for export commodities. Very high oil prices in the international market, however, continue to pose the major risks to the domestic economy. According to a recent report of the National Bank of Ethiopia (NBE) the sustained rise in oil prices is expected to increase the country’s oil import bill, thereby exacerbating the current account deficit. In addition to this, higher oil prices in the international market are bound to affect domestic prices.
Economic Highlight
Company to export 1,500 MT Of incense, gum
Guna Trading House PLC will export 1,500 tons of incense and natural gum during the current Ethiopian fiscal year, its General Manager said. Ethiopia will generate a sum of two million US dollars in hard currency from the export of the stated volume of incense and gum, company general manager Mulualem Berhane told ENA. The nation obtained a 1.3 million USD export revenue from the sale of the stated products by the company in the world market in the just-ended budget year, he indicated.
Interview
Winning the challenging times of the aviation industry
Despite a turbulent year for the aviation industry with soaring oil prices, Ethiopian Airlines has registered a record high performance in the just ended financial year. The airline’s overall revenue during the budget year had hit a threshold of over 9.5 billion, the amount being a record high in the history of the 62-year-old national carrier, and close to the target the airline set earlier for 2010. In addition to this achievement, the number of passengers Ethiopian carried during the reported year attained its lofty level of over 2.5 million.
Winning the challenging times of the aviation industry
Despite a turbulent year for the aviation industry with soaring oil prices, Ethiopian Airlines has registered a record high performance in the just ended financial year. The airline’s overall revenue during the budget year had hit a threshold of over 9.5 billion, the amount being a record high in the history of the 62-year-old national carrier, and close to the target the airline set earlier for 2010. In addition to this achievement, the number of passengers Ethiopian carried during the reported year attained its lofty level of over 2.5 million.
Life & Art
Ethiopia: Empire and Revolution
Part I
Interviewer: Banning Eyre
Kay Kaufman Shelemay is a professor of music and African and African American Studies at Harvard. She is author of A Song of Longing: An Ethiopian Journey (University of Illinois Press, 1991) as well as other works on Ethiopian music and other subjects. Banning Eyre met with her in her office at Harvard for a wide ranging discussion about Ethiopia and its music. This is Part 1 of that conversation, a companion to the Afropop Worldwide, Hip Deep program “Ethiopia: Empire and Revolution.”
Ethiopia: Empire and Revolution
Part I Interviewer: Banning Eyre
Kay Kaufman Shelemay is a professor of music and African and African American Studies at Harvard. She is author of A Song of Longing: An Ethiopian Journey (University of Illinois Press, 1991) as well as other works on Ethiopian music and other subjects. Banning Eyre met with her in her office at Harvard for a wide ranging discussion about Ethiopia and its music. This is Part 1 of that conversation, a companion to the Afropop Worldwide, Hip Deep program “Ethiopia: Empire and Revolution.”
By the way
Biomimicry
Submarines of the future speed through the water with the help of wiggling fish fins. Aircraft ascend through the clouds with flapping wings. In the desert, a climber steadily approaches the summit of a cliff, open palms effortlessly sticking to rock with the use of gecko-inspired nanotechnology. Inventors and engineers have been looking to nature for inspiration ever since prehistoric times.
Science & Technology
Death in the deep: Volcanoes blamed for mass extinction
Ninety-three million years ago, Earth was a reshuffled jigsaw of continents, a hothouse where the average temperature was nearly twice that of today.
Opinion
Lost Opportunities: Ethiopia and Eritrea
PART III
Many commentators see the conflict between Ethiopia and Eritrea as a private battle between President Issayas and Prime Minister Meles. Personal history, translated to personal hatred, is frequently offered as an explanation for the intractable nature of the conflict. This is said to explain their inability to re-establish a working relationship even though this would plainly benefit both countries (e.g. in economic terms)
Many commentators see the conflict between Ethiopia and Eritrea as a private battle between President Issayas and Prime Minister Meles. Personal history, translated to personal hatred, is frequently offered as an explanation for the intractable nature of the conflict. This is said to explain their inability to re-establish a working relationship even though this would plainly benefit both countries (e.g. in economic terms)
Law
New draft press law raises eyebrows
New draft press law raises eyebrows
By Bruck Shewareged
The House of Peoples' Representatives last week discussed the newly drafted press law. The government believes that the bill will be instrumental in creating and developing a "responsible" press. But to the opposition parties, the bill constitutes a tool which the government can use to suppress freedom of expression.
The House of Peoples' Representatives last week discussed the newly drafted press law. The government believes that the bill will be instrumental in creating and developing a "responsible" press. But to the opposition parties, the bill constitutes a tool which the government can use to suppress freedom of expression.
Letter to Reporter
Tele-'discommunication'
By Weldu T.
"Welcome to Ethiopian Telecommunications Corporation's 997 service, all operators are busy handling other calls, please hold on till one of them will be with you in a moment."
"Welcome to Ethiopian Telecommunications Corporation's 997 service, all operators are busy handling other calls, please hold on till one of them will be with you in a moment."
Sport
Thirty-six Ethiopian athletes announced for Beijing Olympics
(The strong squad of women, Ejugayehu Dibaaba, Meseret Defar, Tirunesh Dibaba and Meselech Melkamu)
Kenenisa Bekele, Tirunesh Dibaba to double
The Ethiopian Olympic Committee (EOC) on Monday announced its strong squad of 36 athletes for the Olympics Games in Beijing, China.
Thirty-six Ethiopian athletes announced for Beijing Olympics
(The strong squad of women, Ejugayehu Dibaaba, Meseret Defar, Tirunesh Dibaba and Meselech Melkamu)Kenenisa Bekele, Tirunesh Dibaba to double
The Ethiopian Olympic Committee (EOC) on Monday announced its strong squad of 36 athletes for the Olympics Games in Beijing, China.
- Reporter - Old Version
