MSC showcases innovative solutions for fresh produce industry – New Business Ethiopia
This plan includes increasing fruit production area and boosting intra-EAC trade, highlighting significant opportunities for logistics companies like MSC. The trade of fruits and vegetables between the EAC and the European Union (EU), valued at approximately $455.9 million annually, coupled with the surge in Africa’s fresh produce exports to fill supply gaps in the EU, the UK, and Asia, underscores the EAC’s pivotal role in the global fresh produce. This presents a unique opportunity for African producers and emphasises the critical need for MSC’s reliable and efficient logistics services to maintain the global fresh produce supply chain balance. These advanced refrigerated containers are equipped with Controlled Atmosphere (CA) technology to regulate carbon dioxide and oxygen levels, keeping fresh produce in perfect condition upon arrival at their destination, in optimal condition – even after very long journeys. MSC’s participation in Fruit Logistica Berlin underscores its dedication to the fresh produce industry, providing efficient and reliable logistics solutions that cater to the dynamic needs of the market.
Source:News Business Ethiopia
March 06, 2024 00:37 UTC
IMF advices Nigeria to address rising food insecurity – New Business Ethiopia
An International Monetary Fund team, led by Axel Schimmelpfennig, IMF mission chief for Nigeria, which visited Lagos and Abuja February 12–23, 2024, advices Nigeria to address rising food insecurity. “With about 8 percent of Nigerians deemed food insecure, addressing rising food insecurity is the immediate policy priority. At the end of the visit, Mr. Axel Schimmelpfennig, issued the following statement:“Nigeria’s economic outlook is challenging. Economic growth strengthened in the fourth quarter, with GDP growth reaching 2.8 percent in 2023. This decision should help contain inflation, which reached 29.9 percent year-on-year in January 2024, and pressures on the naira,” said Axel Schimmelpfennig.
Source:News Business Ethiopia
March 05, 2024 18:37 UTC
Ethiopian Airlines agrees to buy up to 20 Boeing 777X jets
Net sales break down by market as follows: - defense, space and security (34.6%): military aircraft and mobility systems (warplanes, helicopters, and air defense missiles), support services (logistics, engineering, maintenance and training services) and space equipment (satellites, launch pads, etc. In addition to commercial aircraft, the group supplies spare parts and offers technical support, maintenance and engineering services. The remaining sales (26.7%) are from services (logistics and supply management, engineering, maintenance, modification and training services, etc. ), and commercial and private aircraft financing as well as aircraft equipment leasing activities. Net sales are distributed geographically as follows: the United States (58.9%), Asia (12.6%), Europe (11.9%), Middle East (7.6%), Canada (2.4%), Oceania (2.4%), Africa (0.6%) and other (3.6%).
Source:Ethiopian News
March 05, 2024 18:12 UTC
Boeing Wins $439.6M Contract From US Space Force; Ethiopian Airlines Orders Up To 20 Jets
Boeing Company BA has bagged a $439.6 million contract to build the 12th Wideband Global SATCOM (WGS) communications satellite for U.S. Space Force’s Space Systems Command. The WGS’s beams provide assured connectivity through the Protected Tactical Enterprise Service (PTES) ground system and enhanced anti-jam communications. The anti-jam capability of Boeing’s new Protected Tactical Satcom Prototype payload will also be integrated on WGS-12. This will provide a second Protected Wideband Satellite to the U.S. military. In another development, Ethiopian Airlines announced an agreement to purchase eight 777-9 passenger airplanes and the potential for up to 12 additional jets.
Source:Ethiopian News
March 05, 2024 18:06 UTC
Dori Media to Sell ViX Version of LaLola
The critically acclaimed remake of the international Emmy-nominated series made a big splash on its debut on ViX. Dori Media is selling both the new Spanish-language episodes of Lalola, which debuted February 2 on ViX, the first large-scale streaming service to exclusively serve the Spanish-speaking world, as well as the format rights to the international TV marketplace. Lalola, which is produced by Dori Media International, is a modern-day remake of the hit International Emmy-nominated romantic comedy that originally aired in 2008-2009. Dori Media International Chief Content Officer Joshua Mintz and Ana Celia Urquidi are the show’s producers, while Francisco Franco Alba and Ana Lorena Pérez Ríos directed the series. Late last year, Dori Media began international sales for two of its big new action-drama series, Amia and Indal.
Source:Ethiopian News
March 05, 2024 18:01 UTC
Ethiopian Air Buys Up to 20 Behemoth 777X Jets, Boosting Boeing
Ethiopian Airlines-bsp-bb-link> agreed to buy as many as 20 of Boeing Co. ’s massive 777X aircraft, providing the coming jet with an important endorsement from one of Africa’s premier airlines. Mesfin Tasew-bsp-person>, chief executive officer of Ethiopian Airlines Group, unveiled the latest deal Tuesday in Addis Ababa. The airline placed a firm order for eight 777-9, along with options for another 12 of the hulking jetliners, designed to seat more than 400 travelers. The deal — with a value of about $11 billion, Tasew said — provides some sales momentum for Boeing as it works to complete certification of ...
Source:Ethiopian News
March 05, 2024 17:59 UTC
Boeing and Ethiopian Airlines seal deal for 8 new 777-9 jets
Boeing and Ethiopian Airlines seal deal for 8 new 777-9 jetsFavoriteToday, Boeing [NYSE: BA] and Ethiopian Airlines unveiled a pact for the airline to acquire eight 777-9 passenger aircraft, with an option to purchase up to 12 more. Improving our operational performance and commitment to environmental sustainability, the 777-9 offers more flexibility, reduced fuel consumption and carbon emissions,” said Ethiopian Airlines Group CEO Mr. Mesfin Tasew. The partnership between Ethiopian Airlines and Boeing extends beyond aircraft purchases, encompassing efforts to advance Ethiopia’s aerospace sector. This includes support for Ethiopian Airlines’ Maintenance, Repair, and Overhaul (MRO) capabilities, industrial development initiatives, training programs at the Ethiopian Aviation University, STEM education, and the provision of aerospace exhibits for the Ethiopian Museum of Science. “Ethiopian Airlines marks yet another first in our longstanding partnership by selecting the 777-9 to be the flagship of its growing fleet,” said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing.
Source:Ethiopian News
March 05, 2024 17:41 UTC
Roundup: Ethiopia set to plant 6.5 bln seedlings to curb desertification
ADDIS ABABA, March 5 (Xinhua) -- The Ethiopian government has announced plans to plant 6.5 billion seedlings during the upcoming Ethiopian rainy season, as part of the country's efforts to combat desertification and address climate change. According to the ministry, the seedlings are currently being cultivated across 132,144 nursery sites throughout the East African country. Ethiopia is striving to establish a green, lower-middle-income economy, with the government-led tree-planting initiative gaining significant momentum in recent years. Experts attribute the increasing adverse effects of climate change in Ethiopia to the escalating rate of deforestation. Speaking to Xinhua recently, Getahun Garedew, the EEPA director-general, said the East African country is facing the brunt of climate change and needs to urgently build climate resilience capability.
Source:Ethiopian News
March 05, 2024 17:38 UTC
Power outage plunges large parts of Ethiopia into darkness
ADDIS ABABA, March 5 (Xinhua) -- The Ethiopian Electric Power (EEP), the state power utility firm, said Tuesday that a massive power blackout has plunged two regional capitals into darkness. In a press release, EEP said that an interruption in two transmission power lines has caused the power outage in the two regional capitals. The power outage, which began Sunday afternoon, has affected Semera City, the capital of Ethiopia's northeastern Afar region, and Mekelle City, the capital of Ethiopia's northernmost Tigray region. Several other major cities in the country's Amhara, Afar and Tigray regions have also been affected. "There is ongoing activity to quickly repair the damaged power lines," the EEP said.
Source:Ethiopian News
March 05, 2024 17:38 UTC
Ethiopian Airlines to Purchase Up to 20 Boeing 777X Jets
DALLAS — Boeing and Ethiopian Airlines (ET) have announced an agreement for the airline to purchase eight 777-9 passenger airplanes, with the potential for up to 12 additional jets. This Boeing 777-9 jet selection positions ET as the first 777X customer in Africa and builds on its previous order for 11 787 Dreamliner and 20 737 MAX airplanes in 2023. The 777-9, which we saw for the second time at DAS2023, incorporates advanced technologies from the 787 Dreamliner family. Ethiopian Airlines ET-ASG Boeing 787-8 KIAH. Photo: Brad Tisdel/AirwaysEthiopian’s FleetEthiopian Airlines currently operates a significant number of Boeing airplanes, including 29 787 Dreamliners, 20 777s, three 767s, 27 Next-Generation 737s, and 15 737 MAX jets Boeing and Ethiopian Airlines are also collaborating on various initiatives to support the country’s aerospace industry, including maintenance, repair, and overhaul capabilities, industrial development, training capabilities at the Ethiopian Aviation University, STEM education, and equipping the Ethiopian Museum of Science with aerospace exhibits.
Source:Ethiopian News
March 05, 2024 17:32 UTC
Ethiopian commits to purchase eight Boeing 777-9s
Ethiopian Airlines has committed to purchase eight Boeing 777-9s as part of a deal that could see the Addis Ababa-based carrier take a further 12 aircraft. “Boeing and Ethiopian Airlines announced today an agreement for the East African airline to purchase eight 777-9 passenger airplanes and the potential for up to 12 additional jets,” Boeing said on 5 March. “Ethiopian Airlines’ selection of 777-9 jets positions the carrier as the first 777X customer in Africa.”The jets will enable Ethiopian to expand in “high-demand markets in Africa, Asia, Europe and North America”, Boeing adds. The new 777-9 agreement indicates continued close ties between Ethiopian and Boeing. The airline last year also ordered another 20 737 Max and 11 more 787s.
Source:Ethiopian News
March 05, 2024 17:30 UTC
Ethiopian Airlines places order for eight Boeing 777X jets
(Reuters) -Ethiopian Airlines has agreed to purchase eight Boeing 777-9 widebody jets, with potential for up to 12 additional aircraft orders, the companies said in a statement on Tuesday. Major airlines are in a race to place new orders for fuel-efficient widebody jets to keep operating costs down and to cater to booming international travel demand. The order from Ethiopian Airlines comes as Boeing faces increased scrutiny due to a Jan. 5 incident when a door plug blew off a brand new 737 MAX plane mid-flight. Boeing's 777X program, which has seen hundreds of jet orders from airlines across the world, has been plagued by five years of delays. Ethiopian Airlines' selection of 777-9 jets makes the carrier the first 777X customer in Africa and is in addition to its 2023 order of 11 787 Dreamliner and 20 737 MAX jets.
Source:Ethiopian News
March 05, 2024 17:04 UTC
Ethiopian Airlines Orders 20 Boeing 777X Jets
Boeing and Ethiopian Airlines announced today an agreement for the East African airline to purchase eight 777-9 passenger airplanes and the potential for up to 12 additional jets. Ethiopian Airlines' selection of 777-9 jets positions the carrier as the first 777X customer in Africa and builds on its 2023 order for 11 787 Dreamliner and 20 737 MAX airplanes to modernize and grow its fleet. The 777-9 will support Ethiopian Airlines' plans to grow and renew its fleet in size, range and passenger and cargo capacity to reach high-demand markets in Africa, Asia, Europe and North America. "Building on a relationship that goes back 75 years, we deeply value the unwavering trust and confidence Ethiopian Airlines puts in our airplanes." Brad McMullen, Boeing senior vice president of Commercial Sales and MarketingBoeing airplanes make up more than half of Ethiopian Airlines' current fleet, including 29 787 Dreamliners, 20 777s, three 767s, 27 Next-Generation 737s and 15 737 MAX jets.
Source:Ethiopian News
March 05, 2024 16:47 UTC