የ11ኛው ዙር አጠቃላይ 20-F80 ቤት ፕሮግራም አሸናፊዎች ዝርዝር

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ING Capital has closed a $107.5 million pre-delivery payment (PDP) financing for Ethiopian Airlines in respect of Airbus A350-900 aircraft.

Photo: Airbus

New York-based ING Capital has closed a $107.5 million pre-delivery payment (PDP) financing for Ethiopian Airlines in respect of Airbus A350-900 aircraft.

The airline is using the PDP financing to finance a portion of the pre-delivery payments which it makes to Airbus prior to the delivery of each aircraft. ING Capital is the sole lender and facility agent. Payments were made in May.

Ethiopian Airlines has ordered 14 Airbus A350-900 aircraft, the first of which is scheduled to be delivered in June 2016. The airline will be the first African A350 operator when it takes delivery of the first aircraft. Ethiopian Airlines plans to deploy the aircraft on its expanding route network linking Africa with Europe, Asia and the Americas.

Terina Golfinos, managing director and head of ING Capital’s structured export finance team in New York, says: “We were especially pleased to have the opportunity to support our long-standing client Ethiopian Airlines on its very first PDP financing for Airbus aircraft. ING is delighted to continue its close collaboration with Ethiopian Airlines on the financing of its fleet of aircraft, which allows the airline to continue its strategic and rapid expansion as Africa’s most successful airline.”

Meseret Bitew, acting chief financial officer at Ethiopian Airlines, comments: "The financial support for our acquisition of the A350 aircraft is critical to Ethiopian Airlines as we aim to sustain our position of being the pioneer of African aviation as an aircraft technology leader.

“As part of our on-going fleet expansion and modernisation strategy, the acquisition of these aircraft will help us to be better positioned and serve our customers and to be on track to achieve our Vision 2025 goals."

5.2-magnitude earthquake hits near Borrego Springs, San Diego County.

5.2-magnitude earthquake hits near Borrego Springs, San Diego County. Anearthquake with a preliminary magnitude of 5.2 shook Southern California early Friday morning. The quake was centered about 14 miles north-northwest of Borrego Springs and hit just after 1 a.m., according to the U.S. Geological Survey.2 hours a

Ethiopian Airlines to add 10 to 15 long-range Boieng 777-8

Ethiopian Airlines to add 10 to 15 long-range Boieng 777-8
By Mathew Haggai -  June 8, 2016
   
Ethiopian Airlines
Ethiopian Airlines plans to buy between 10 and 15 Boeing 777-8s to increase the size of long-range fleet, announced the CEO of the firm, Tewolde Gebremariam, on June 2.

A Boeing 777 is considered as standard in terms of long-range large carriers. Launched in 1995, the 777 series includes six versions of which a cargo plane.

Ethiopian Airlines which currently serve close to hundred destinations worldwide plans to bring its fleet, which presently comprises 77 planes, to 140 planes by 2025, when the firm projects a turnover of more than $10 billion.

According to the International Air Transport Association, Ethiopian Airlines is presently top African firm in terms of profits and turnover. The company which is based at the Bole International airport recorded a record net profit of $165.4 million during its 2014-2015 fiscal year, up 12% from the previous year.

ፋሽን ከእንሰት Ethiopian designer turns everyday crop into fashion

 

Teshalesh Tadesse is an Ethiopian fashion designer whose products are made from enset, a plant that belongs to the Banana family and is commonly known as ‘false banana’. Teshalesh’s brand Adot Liyu sells remarkable fashion and household items – bags, belts, tops, tableware and baskets – wholly or partially made of the dried remainders of the everyday Ethiopian crop.

Growing up with a father who worked as shoemaker and a mother who grew enset for food, her family background inspired Teshalesh Tadesse to become the entrepreneur she is today.

With her company Adot Liyu, Teshalesh dries the remainder of the enset plant and designs eco-friendly and organic clothes and household items. By adding woven cotton to the remainders of a crop commonly referred to as ‘false banana’, Teshalesh turns waste into value. Given the fact that enset is one of Ethiopia’s main agricultural products, the potential of this application of its residue, is enormous.

Teshalesh sells her products at distributing hotels, national and international bazaars, expositions, and fashion shows. Although she is a young entrepreneur, her ambition achieved her products international fame. She has big plans to expand her company and by employing women from rural areas in particular, improve Ethiopian livelihoods.

Club Africa is happy to put the spotlight on Teshalesh, highlighting her work in this photo story.

ቅንጣቢ ዘገባ Micro Blog by EthioBeats : Public smoking ban for Ethiopia's capital

ቅንጣቢ ዘገባ Micro Blog by EthioBeats : Public smoking ban for Ethiopia's capital

ቅንጣቢ ዘገባ Micro Blog by EthioBeats : Public smoking ban for Ethiopia's capital

ቅንጣቢ ዘገባ Micro Blog by EthioBeats : Public smoking ban for Ethiopia's capital

Public smoking ban for Ethiopia's capital

Public smoking ban for Ethiopia's capital
May 4, 2016
A ban on smoking at public gatherings has been announced by the mayor of Ethiopia's capital Addis Ababa, according to local media reports on Wednesday

The new law makes smoking illegal in bars, cafés, restaurants, schools, hospitals and stadiums as well as cultural and religious events, but smoking on the streets is still permitted. Tobacco advertising is also banned, according to the state-controlled Fana Radio.

"Due to tobacco, people are dying and being exposed to several health hazards," said mayor Diriba Kuma. "For these reasons, the public have the responsibility to fight tobacco smoking in public gatherings.

Offenders face a fine of 2,000 Ethiopian biir ($92), rising to 2,500 Birr ($116) for smokers who send children under the age of 18 to buy cigarettes for them.

Addis Ababa is applying a law passed by Ethiopia's parliament in 2014 that has so far only been implemented in the northeastern town of Mekelle, where it has been rigorously enforced with local authorities reporting a sharp decline in tobacco consumption.

The law will be more difficult to apply in the large and growing capital, home to around four million people.

Tobacco use in Africa (excluding South Africa) increased by nearly 70 percent between 1990 and 2010, according to research by the American Cancer Society.

With the number of African smokers predicted to increase by 40 percent by 2030 many tobacco companies see Africa as a growing market with fewer restrictions than in parts of Europe and North America.

Several countries, including Kenya and Niger, have introduced restrictions on smoking in public places in recent years, but enforcement of the bans is often lax.

Electronic Diversity Visa 2017 winners

Electronic Diversity Visa
Entrant Status Check: 05.01.00

Teddy Afro New Release 2016

 

 

 

 

 

 

 

ዝናቡ ዘነበ መሬቱን አራሰው
ምድር አበቀለ ዛፍ ዛፉም ኖረ ለሰው
በነፍሷ ተመርታ ቤቷን ሰርታው ከላይ
ሰው በራሱ ፈርዶ ዛፉን ቆርጦት ብታይ
ስታዜም ሰሙና ወፍ የነፍሷን ምሬት
ፍጥረታትም አሉ አረንጓዴ መሬት

 

 

Uber's $84M Settlement Keeps Drivers as Contractors

Uber has announced that it’s just settled two class-action lawsuits in California and Massachusetts for a cool $84 million. And for that princely sum, Uber gets to keep its drivers as contractors, rather than employees.

The ride-hailing company will stump up $84 million as part of the settlement, which will be distributed to 385,000 drivers that were represented in the two cases. It’ll pay out a further $16 million if it “goes public and our valuation increases one and a half times from our December 2015 financing valuation within the first year of an IPO.”

The company will also: make it easier for its drivers to find and compare ratings; introduce clear policies about how and why their accounts can be deactivated (in those two states only); and help them create driver’s association.

Which is a lot of things! But in the world of purely rational calculation it must be totally, completely worth it for Uber—because by ensuring that drivers remain as contractors and not employees it avoids paying minimum wage and social security for each of its drivers.

It allows Uber to continue to move a huge chunk of financial risk away from the company and place it on the back of the worker—and, ultimately, in some cases the state. For those reasons, there’s a long and ongoing slog being fought by lawyers and labor groups to try and make Uber—and others like it—treat their workers as employees rather contractors.

Uber’s counter point, which its CEO Travis Kalanick made yet again in a blog post announcing the settlement, is that “drivers value their independence—the freedom to... drive most of the week or for just a few hours.” And the settlement does go some way to supplementing that freedom with reassurances and securities more akin to being an employee.

But ultimately, it’s in Uber’s interest to keep its drivers as contractors. And this settlement is an indication that it seems to be getting its way.

[Uber and NYT]

ቴሌ ቫይቨርን (viber) እና መሰለ አፖችን ለመጠቀም ሊይስከፍል ነው።

ቴሌ ቫይቨርን (viber) እና መሰለ አፖችን ለመጠቀም ሊይስከፍል ነው።
Ethio telecom to charge for VoIP apps
Using Voice over Internet Protocol (VoIP) applications free of charge may no longer be possible as Ethio Telecom is in the process of implementing new technology that would charge users for services such as Viber and Whatsapp. According to Andualem Admassie, CEO of the telecom company, a new technology called Policy Charge and Control system (PCC) will be implemented to control VoIP services that people use via the telecom operator’s network.
“We are not saying we will ban these services. We will implement this technology so that we can control the use of these services through our network,” the CEO stated. He also said that the technology would allow the telecom company charge for the VoIP services.
Although the use of VoIP applications is not technically free as it would still require the use of an internet connection provided by the telecom monopoly, Ethio Telecom has stated that it has been losing revenue due to the applications. Services provided by applications such as Viber, WeChat and Whatsapp are popular amongst people as they are a cheaper alternative to connecting with friends and families as compared to a direct call.
To curb the inflow of untaxed mobile phone apparatus entering the country illegally, Ethio Telecom is also implementing another technology called Equipment Identity Register (EIR).
“This technology will have the capacity to not only shut down the sim-card but also stop the apparatus from working, it will be out of the network system completely. This system is also good because if a person’s phone is stolen, the owner can shut the system down so that the stolen phone cannot be used,” said Andualem.
The implementation of the technology expected to be in effect as soon as within weeks will mean that phones that came into the country without being taxed, may not be able to function.



“Once this technology is implemented, shops that sell phone apparatus and distributors that have phones in their possession that have entered the country illegally will become useless because they will not work. With regards to the phones that are already in the hands of our customers, we are discussing if we should buy new mobiles and provide it to them or leave the ones that are already in use and focus on the new phones entering the country,” Andualem also said.
The CEO further underlined that before the technology is implemented, there will be discussions held with stakeholders to make sure the move is understood clearly.
Ethio Telecom (et) has targeted to amass 38 billion birr of gross revenue in the current budget year. According to its half-year performance, the enterprise has amassed 10.09 billion birr of gross profit, meeting 111 percent of its target.
Aiming to accumulate significantly more revenue than its 21.5 billion intake in the past budget year, the enterprise is expanding the supply of mobile and landline phone apparatus. It also targets to boost mobile network access to 113 million people in the GTP II period, while the actual subscription is expected to be 91 million.
Broadband internet data subscription is projected to grow to 39 million by the end of GTP II, which currently stands at 3.2 million. Comparing with the end of the past year the broadband internet users have significantly increased in the first six months of the current budget year.
Until June 2015 the number of broadband internet subscribers was 1.9 million. Mobile internet data coverage will also reportedly grow from 8.5 million to 16.9 million users, while overall internet data coverage is forecasted to reach 10 percent from 3.3 percentage of the end of last GTP.
The technology that would see VoIP service users charged is expected to be implemented within the next couple of monthsg
S

Source . Capital

Ethiopia and Eritrea may not share a border anymore

The will be a permanent solution  to stop the long lasting bloody war between the two  countries rival fashion that killed almost 1 a million human life during  the worst war in modern history.  In a ceremony help in Geneva help yesterday the two countries agreed to give 10 Kilo Meter of their land to EU to lease it for 99 years. The  20 KM wide land will start from  Sudan and will  ends at Djibouti border. Under this agreement Ethiopia and Eritrea will no longer share borders . The EU will build a 100 FT wall both sides of the border to prevent illegal crossings . If any one enters to this strip of buffer land she/he will be treated as if she/he enters to EU land. But these borders will be well secured and hard to penetrate. Under the agreement EU will have a right to develop the land even to settle its citizens. Even the land is kind of rocky land but it may have reach minerals like gold and even  oil.

The new land will be called New Era its capital will be erected    near Zalambesa. Some political analyst said this is a best solution to end the border dispute between  countries but others assumed this is a new form of colonization .

The new governor of this New Era will be the grandson of Italian  Mussolini. named General  Bartoni Mussolini.

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