SubscribeFDH Aero, a leader in supply chain solutions for the aerospace and defence sectors, has been recognised as one of the “Best Places to Work in Aviation” by Aviation Business News. The accolade coincides with the company’s 60th anniversary, highlighting its commitment to fostering a “positive, diverse and innovative” work environment. “We are proud to be named a Best Place to Work in our industry and to celebrate our extraordinary employees who commit to our culture of respect, authenticity and accountability,” said Kimberly Grant, Executive Vice President, Global Human Resources for FDH Aero. As part of its growth strategy, FDH Aero continues to acquire smaller companies and integrate them into its operations, while also implementing initiatives such as an Employee Resource Group for women and a company-wide intranet to keep staff connected and informed. The recognition as a top employer comes as FDH Aero continues to strengthen its position in the aerospace and defence industries, not only through its strategic acquisitions but also through its dedication to creating a supportive and forward-thinking workplace.

SubscribeBoeing has announced plans to cut 10% of its global workforce as it faces financial pressures and production delays. Boeing also confirmed that production of the 767 Freighter will conclude in 2027, though work on the KC-46A Tanker will continue. The company’s defence division, Boeing Defense, Space & Security (BDS), is also struggling, with further losses expected due to the ongoing strike and other project delays. In light of these challenges, Boeing said it was “resetting” its workforce to better align with its “financial reality”, avoiding future furloughs by opting for a 10% reduction in staff. The cuts have heightened tensions with Boeing’s workforce, which has been striking over pay and working conditions.

I am randomly picking on what was once the fabric of this truly great nation called Nigeria and this time, I am xraying what was equally known as the Nigeria Airways. The story of Nigeria Airways is a tale of ambition, progress and unfortunately, ultimate decline. Nigeria Airways didn’t simply emerge; it soared from the remnants of colonial influence, embodying a newly independent nation’s dreams. Nigeria Airways even had the distinction of operating the last DC-10 ever built, a testament to its prominence in the aviation world. Despite its promising beginnings, Nigeria Airways became entangled in a web of mismanagement, corruption and political interference.

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Addis Ababa, October 12, 2024 (FBC) – A High-level representatives from the Ethiopian and Moroccan police forces convened for a meeting to explore avenues for enhanced cooperation. They also discussed ways of enhancing cooperation between the two police institutions, focusing on preventing cross-border crimes, terrorism and exploring opportunities for joint operations. The Moroccan delegation praised the Ethiopian Federal Police’s modern police service and advanced technologies. They expressed a desire to strengthen the long-standing relationship between the two countries through increased police collaboration. Recall that in July 2024 Ethiopia and Morocco have taken significant steps to bolster their military cooperation, reaffirming a longstanding relationship and laying the groundwork for future collaboration.

Ethiopian Cargo & Logistics Services has appointed Dereje Derero as the new Managing Director. "Their extensive experience and expertise will contribute significantly to the success and growth of our cargo operations," says a LinkedIn post. Ethiopian Cargo operates a fleet of 16 dedicated freighters with 70 cargo destinations and over 135 passenger destinations. Ethiopian Airlines had announced an agreement with Boeing in March 2024 for the purchase of eight 777-9 passenger airplanes and the potential for up to 12 additional jets. Ethiopian Cargo & Logistics Services operates with a state-of-the-art cargo terminal in Addis Ababa, which is the largest in Africa.

- Advertisement -Cape Town is poised to become the first city in South Africa to own and operate a solar power plant, a significant step towards energy independence. The Cape Town government has revealed intentions to expand similar renewable energy projects across the region in the coming years. Additionally, Cape Town has issued a tender for its first battery energy storage system, which will feature a 5 MW/8 MWh capacity. This battery storage system is set to be installed at the same location as the solar plant. With these strategic initiatives, Cape Town is positioning itself as a leader in renewable energy, setting a benchmark for other municipalities in South Africa to follow.

ADDIS ABABA, Oct. 12 (Xinhua) -- Chinese investors are playing a crucial role in bolstering Ethiopia's economic development, injecting substantial capital, and creating jobs, according to the Ethiopian Investment Commission (EIC). In a statement issued late Friday, the EIC revealed that some 3,309 Chinese projects have invested more than 8.5 billion U.S. dollars in Ethiopia over the past years, significantly contributing to the nation's socioeconomic goals. The EIC highlighted that the growing presence of Chinese investors, both in terms of the number of projects and capital inflow, has brought much-needed vitality to Ethiopia's economic aspirations. These investments have generated over 325,400 permanent and temporary job opportunities for Ethiopians in recent years, according to the EIC. The Eastern Industrial Zone, built by Chinese private investors, is considered a model for Ethiopia's industrial park development, furthering its ambition to become Africa's light manufacturing hub.

Customers of Nigerian banks are to brace up for the possibility of more service disruptions as financial institutions race to migrate their core banking systems to more secure software. According to the source, many Nigerian banks have been paying for core banking software in United States dollars, a heavy burden given the ongoing devaluation of the naira. ON NOWNewsday08:08, 12th Oct, 2024 by AriseNewsNigerian Banks Rush to Migrate Core Software, More Service Disruptions LoomAFRICABanking customers are set to face service disruptions as Nigerian banks upgrade their core systems. Customers of Nigerian banks are to brace up for the possibility of more service disruptions as financial institutions race to migrate their core banking systems to more secure software. The simultaneous nature of these migrations is leading to service disruptions across the industry, with more banks expected to follow suit.

Ethiopia, which is liberalizing its economy, is in the final stages of opening its logistics sector to foreign investment. Finance Minister Ahmed Shide highlighted the importance of these reforms during an event recognizing the contributions of key players in the logistics sector. Transport and Logistics Minister Alemu Sime (PhD) echoed these sentiments, noting that Ethiopia's Logistics Performance Index had risen from 2.53 to 2.94, reflecting improved efficiency in the sector. In 2027, Ethiopia will host the prestigious International Logistics Conference, marking the country's emergence as a growing player in global logistics. The conference, expected to draw 1,500 to 2,000 attendees, will provide a unique opportunity for Ethiopian companies to collaborate with international logistics firms.

Boeing attorneys began by apologizing and expressing sympathy to victims' families. But attorneys for victims' families argue that the plea deal on the table doesn't go far enough. “It’s a rotten plea deal that has provisions in it that are morally reprehensible," said Paul Cassell, one of the attorneys for victims' families. Cassell said that means the plea's fine is calculated without taking those 346 victims into account. Cassell said victims' families only recently found out about the exchange, unsealed this week.

The story of Nigerian Airways! Nigerian Airways didn’t simply emerge; it soared from the remnants of colonial influence, embodying a newly independent nation’s dreams. Nigerian Airways became a symbol of progress and modernity. Nigerian Airways even had the distinction of operating the last DC-10 ever built, a testament to its prominence in the aviation world. Despite its promising beginnings, Nigerian Airways became entangled in a web of mismanagement, corruption, and political interference.

BEIJING, Oct. 12 (Xinhua) -- Chinese President Xi Jinping on Saturday sent a congratulatory message to Taye Atske Selassie on taking office as president of the Federal Democratic Republic of Ethiopia. Xi noted that in recent years, China-Ethiopia relations have witnessed comprehensive and rapid development, with deepening political mutual trust and fruitful outcomes in pragmatic cooperation across various fields. Xi said that he places great importance on the development of China-Ethiopia relations, and is willing to work with President Taye to take the chance of implementing the outcomes of the 2024 Summit of the Forum on China-Africa Cooperation to push the all-weather strategic partnership between the two countries for achieving new results and better benefit the people of both nations.

Chinese President Xi Jinping on Saturday sent a congratulatory message to Taye Atske Selassie on taking office as president of the Federal Democratic Republic of Ethiopia. #XinhuaNews

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