Privatization EthiotelecomMinistry Invites Advisory Firms for Partial Privatization of Ethio Telecom.

Briefing journalists, Finance State Minister Eyob Tekalegn said,“We have issued an expression of interest to hire a transaction advisory firm to lead the partial privatization of ethio telecom.”

The request for expressions of interest for a transaction advisor firm for the process of patrial privatization of ethio telecom posted today on the website of the ministry will be closed after two weeks.

Public Enterprises Holding and Administration Agency will select and probably engage the consulting firm on November 1, 2019, Eyob added.

Ethio telecom has hired the international firm KPMG recently to support the valuation and sales process.

The state minister further revealed that the process of privatizing sugar factories is underway and energy reform roadmap is being finalized.

Source: https://www.ena.et/en/?p=9857

Ethio SudanThe Ethio-Sudan business forum started in Addis Ababa today in the presence of ministers, ambassadors, and stakeholders from both sides.

In his opening remark, Ethiopia’s Minister of Finance, Ahmed Shide, said the forum is vital to boost the trade ties between the two countries.

Wajdi Mirghani, President of the National Chamber of Exporters of Sudan, thanked Prime Minister Dr Abiy Ahmed of Ethiopia for his contribution in promoting peace in Sudan.

People of the two countries have strong social, political, and economic relations, he said.

Source: https://fanabc.com/english/2019/09/ethio-sudan-business-forum-opens-in-addis-ababa-2/

UK AviationThe UK Trade Commissioner for Africa, Emma Wade-Smith, said the UK is keen to work with Ethiopia in the aviation industry.

During her visit to Ethiopian Airlines today, the Commissioner remarked that the UK is keen to work with Ethiopian including in the expansion project and management of the Airlines.

The Commissioner visited Ethiopian Airlines state-of-the-art facilities and held discussion with executive management of the Airlines.

Ethiopian Airlines Group, the largest and the fastest growing African Global Aviation Group, has been expanding its international destinations which have now reached 125. Marseille, Garowe and Beira are the new international destinations launched recently.

About Ethiopian

Ethiopian Airlines is the fastest growing Airline in Africa. In its seventy plus years of operation, Ethiopian has become the continent’s leading carrier, unrivalled in efficiency and operational success.

Ethiopian commands the lion’s share of the Pan-African passenger and cargo network operating the youngest and most modern fleet to more than 120 international passenger and cargo destinations across five continents.

Read More at : https://africabusinessnetworking.com/uk-keen-to-work-with-ethiopia-on-aviation-industry/

Ethio construction ExhibitionThe 16th Ethio-con international building and construction exhibition opened in Addis Ababa today.

Minister of Urban Development and Construction, Engineer Aisha Mohammed, other officials and stakeholders attended the opening ceremony.

The four-day event would contribute a lot towards bringing together stakeholders to share experiences and promote new technologies, said the Minister.

Source:  https://fanabc.com/english/2019/09/ethio-con-intl-building-and-construction-exhibition-opens-in-addis/

Ethiopia Paris FashionEthiopian companies are participating in an International Trade Show and Fair for Fashion which is taking place in France, Paris, for the coming three days, according to Ethiopia’s Embassy in France.

Ethiopian garment manufacturing companies such as Desta PLC, Bahir Dar Textile Share Company, Samira-Made in Ethiopia, Sadulla Business PLC, Almeda, Meron, Yefikir, etc are taking part in the exhibition and show.

Ethiopia is among the few selected countries to participate in a fashion show to be conducted in the course of the exhibition.

In addition to the exhibition, there will be catwalks to promote selected countries, it was stated.

The international trade show and fair exhibition comprises two major events, namely ‘The Apparel Sourcing Paris’ – the International Trade Show for Fashion, and ‘Texworld Paris’ – the International Fair for Fashion. Both were organized by Messe Frankfurt France (MFF), ENA reported.

Source:  https://www.ena.et/en/?p=9714