Business

  • Louvres Hotel Group,Signed Its 3rd Hotel In Ethiopia

    Louvres Hotel Group, number one hotel group in East Africa, signed its 3rd hotel in Ethiopia, pursuing the expansion of an ambitious network covering sub-Saharan African metropolitan areas.

    Already present in 8 Sub-Saharan African countries, with 17 hotels comprising a total of 2,300 rooms under its Tulip Inn, Golden Tulip, and Royal Tulip brands, Louvre Hotels Group continues its growth strategy by reinforcing itself on the Ethiopian market.

    The 5-star Hotel in ADAMA

    Is one of the first sites outside capital cities, being present in major cities of Ethiopia is the demonstration of the group willing to go a step ahead in the development of its brands. Adama’s location on the highway that relies on Addis to Djibouti and the surrounding offer of restaurants and clubs in the vicinity justify the choice of this particular location. The site also profits from its quiet location at the recreational side at the Rift Valley.

    “For the last year we have been pursuing a very ambitious expansion plan, opening one hotel per quarter and signing one new deal each semester, this plan reflects our trust in the hospitality business potential in East Africa, but not only, it also reflects the trust investors are putting in our ability as operator to accompany them in the fructification of their assets. We are treasured with investors which have the ability to share our values they do, dare and dream” explains Alain Sebah, President Golden Tulip for French-Speaking Africa and East Africa.

    During this year Louvre Hotels Group continued to boost its international presence. The most impressive acquisition happened in South Asia, keeping up with the region’s constantly growing leisure and business tourism. The group became a majority stakeholder in Sarovar Hotels, an Indian company made up of 75 hotels on the premium, mid-range and budget sectors.

    In the African continent, the group penetrated the Ugandan market with a new hotel in Kampala and inaugurated yet another in Cotonou, both under the Golden Tulip Brand. Early 2018 the refurbishment of the historical hotel La Croix du Sud in Dakar is due to open under Golden Tulip flag. In Comoros Islands, the group secured a new deal for a Resort & Spa hotel. Many other projects are currently under development or construction in the region. In fact, some twelve hotels are planned for 2018, enabling the group to double its presence.

    “ Our company is proud to work with such respected Brand Golden Tulip to bring a Conference Business to our beloved Country especially in our vibrant Business City – Adama and also provision the generation on the technology transfer and advancement ”states Mr. Bezu Beyen – President of Gende Import & export, the hotel’s owners.

    Gonde & Golden Tulip partnership was monitored thanks to Ozzie Hospitality Management Group – Mr. Kumneger Teketel, Managing Director Ozzie Hospitality, who negotiate and consult the developer, said that Ethiopia will soon be a great MICE Destination for Africa and Ethiopia got vibrant Business City all over the Main Regional Cities like Adama that boost the conference and leisure business.

    The number of tourists welcomed across the African continent has more than doubled over the past fifteen years, increasing from 26 million to 56 million in 2014, according to the Tourist Investment and Business Forum for Africa.

    Hotel guests and the travel agent will also be able to benefit from Louvre Group’s ongoing royalty programs – Ambassador’s Club and Flavors Club, which enables members to earn reward points which are redeemable at all Louvre Group properties worldwide. 

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  • Ethiopian Topped Industry and Customer Choice Awards as the Rising Star Carrier of the Year

    Ethiopian Airlines Group, the largest cargo operator and logistics center in Africa, has been crowned as the Rising Star Carrier of the Year both in industry and customer choice awards on Payload Asia Awards 2017 gala dinner and awards ceremony, held at Crowne Plaza Changi Airport, Singapore.

    Payload Asia magazine, a respected voice of the air cargo industry, honours excellence in the air cargo industry with more than 90 nominations competing for 20 awards categories and more than 25,000 online votes in the Customer Choice Awards; with the results ultimately audited by an independent auditing firm, Alpes Assurance.

    Group CEO Ethiopian Airlines, Mr. Tewolde GebreMariam, remarked: “We are glad that Ethiopian Cargo & Logistics Services is recognized as The Rising Star Carrier of the Year for the third year in a row.

    As one of the strategic business units under the Ethiopian Airlines Group, Ethiopian Cargo & Logistics Services has been one of the success stories in the effective implementation of our ambitious plan set in our long-term strategic road map, Vision 2025: currently operating in a state of the art cargo terminal, capable of accommodating 1 million tons per annum, flying to 44 global freighter destinations using the most modern fleet, B777 freighter.

    Supporting export of perishables and import of high value goods of the booming Ethiopian Economy and the entire African continent, Ethiopian Cargo and Logistics Services is playing a vital roles in the growth of trade, investment and economic integration.

    Infrastructure development being one of the four pillars of our fast, profitable and sustainable growth strategic roadmap, Vision 2025, we have embarked building the second phase, Cargo Terminal III, which will add another 600,000 tones annual capacity and position Ethiopian Cargo and Logistics Services among the world’s largest cargo terminals equivalent to cargo terminals in Amsterdam Schiphol, Singapore Changi, or Hong Kong. Finally, I wish to take this opportunity to congratulate our Cargo team for the job well done and encourage them to achieve more success”.

    Ethiopian is multi award winning airline: Middle East and Africa Airline of the Year by Airline Economics Magazine , SKYTRAX World Airline Award for Best Airline in Africa, Best Airline Staff in Africa; AFRAA- Best Airline in Africa – 5 years in a row, Best Airline to Africa”, for a second year in a row, “Best Airline in Africa” by US Premier Traveler magazine; Bombardier’s Airline Reliability Performance Award for the 6th Year in a Row; Passenger Choice Awards for "Best Airline in Africa for the third time in a row; Outstanding Food Service by a Carrier in Africa by Pax International Magazine.

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  • Is Safaricom Entering the Ethiopian Market?

    Safaricom has denied reports of the company entering into the Ethiopian market.

    The Kenyan telco had been said to be gearing up for its first venture abroad, with reports that it was in negotiations with the Ethiopian government for a stake in state-owned monopoly Ethio Telecom.

    “We wish to categorically state that we are not engaged in any conversations with Ethio Telecom on this matter. Any information to the contrary is completely inaccurate,” CEO Bob Collymore told The EastAfrican.

    Ethiopian media reported last week that the government had opened discussions with Safaricom on the sale of half of the shares of Ethio Telecom.

    Other reports indicated that Safaricom was discussing a mobile money partnership with an Ethiopian bank.

    Ethio Telecom offers slow, expensive, and unreliable phone and Internet services.

    Kenya’s Principal Secretary in-charge of ICT Victor Kyalo said he had seen a tweet about the transaction.

    “It is not clear whether it is Safaricom or Vodacom. I tried to check, but nobody seems to know any information. If they have, they seem to be guarding it,” Mr Kyalo told The EastAfrican. The Kenyan government owns 40 per cent of Safaricom.

    Last week, Ethiopian satellite broadcaster Esat reported that both the sale of Ethio Telecom shares to Safaricom and the sale of the Addis Ababa Hilton Hotel to Ethiopian-born Saudi tycoon Sheikh Mohamnmed Hussien Alamoudi, the 159th richest man in the world according to Forbes, were part of the authorities efforts to ease the forex crunch in the country and tackle indebtedness.

    More on this Story Here

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  • Ambassador Michael Raynor arrives in Ethiopia

    Addis Ababa, September 29, 2017 - We are pleased to announce the arrival of U.S. Ambassador to Ethiopia, Michael Raynor.

    Ambassador Raynor recorded a video message to the Ethiopian people introducing himself and his priorities as Ambassador. The text of the message and a link to the video follows along with his official biography and photograph.

    Hello. I’m Ambassador Michael Raynor. Having spent most of my career in Africa, I have a deep appreciation for Ethiopia’s history and role on the continent.

    My wife and I raised our two kids in Africa, and their African influences had a lot to do with helping our son and daughter become the terrific young adults they are today. My family and I love to camp and hike, and I can’t wait to experience every facet of Ethiopia’s history, culture, and geography.

    Ethiopia’s history of independence resonates today and I’m excited about the future.

    My focus will be on building prosperity, improving education and health, strengthening governance and democratic institutions, and promoting regional peace. I will also do everything I can to deepen the enduring friendship between our nations and people.

    Together we can strengthen the dynamic partnership between the United States and Ethiopia, while helping Ethiopia achieve its fullest potential.

    I’m ready to get to work. I hope you’ll join me.

    Here is the link to Ambassador Raynor’s video http://bit.ly/2yvspUh.

    Biography of Ambassador Michael Raynor

    Mike Raynor joined the State Department in 1988, and is a career member of the Senior Foreign Service with the rank of Minister Counselor. He has been Director of the Bureau of Human Resources’ Office of Career Development and Assignments since September 2016.

    From August 2015 to August 2016, he served as Assistant Chief of Mission in Kabul, with responsibility for the embassy’s foreign assistance, counter-narcotics, and law enforcement portfolios as well as its consular, management, and security functions. He served as the U.S. Ambassador to Benin from 2012 to 2015.

    From 2010 to 2012, he served as Executive Director of the Bureau of African Affairs, following two years as the Deputy Executive Director. He has spent much of his career in Africa, including as management officer in Harare, Windhoek, Conakry, and Djibouti, and as General Services Officer in Brazzaville.

    He also served as Zimbabwe desk officer in the Bureau of African Affairs, Special Assistant and Legislative Management Officer in the Bureau of Legislative Affairs, and Consular Officer in Luxembourg. His State Department awards include the 2008 Leamon R. Hunt Award for Management Excellence, several Senior Foreign Service Performance awards, and numerous Superior and Meritorious Honor awards. He has a B.A. in International Affairs from Lafayette College and a Master’s in International Affairs from Columbia University. He is married with two children.

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  • Ethiopian Airlines enters into codeshare agreement with Azul Brazilian Airlines

    September 26, 2017: Africa’s largest airline group, Ethiopian Airlines and Azul Brazilian Airlines have signed a codeshare agreement effective October 1, 2017. Through the codeshare partnership Ethiopian Airlines will add its flight code (ET) in Azul’s operations; hence, customers will be able to purchase tickets directly from Ethiopian Airlines sales channels to fly to seven Brazilian destinations operated by Azul. Reciprocally, Azul airlines will market on vast Ethiopian network throughout Africa and beyond.

    Girma Shiferaw, AVP Corporate Strategy and Alliance, Ethiopian Airlines remarked, “I wish to thank our colleagues at Azul Brazilian Airlines, for the successful conclusion of this codeshare agreement. The codeshare agreement will entitle our esteemed customers travelling between Asia/Middle East/Africa and Brazil, the best possible connectivity options to multiple Brazilian destinations. The agreement will also underpin people-to-people, investment, trade and tourism ties between Africa and Brazil. As a successful Pan-African carrier, we are positioned to collaborate with multiple Airlines with a common ambition and joint effort to expand our footprint to different destinations across the world, and this milestone is a good case in point.”

    "The codeshare with Ethiopian Airlines will be very important to strengthen our international presence, in particular for customers travelling from Africa/Middle East/ Asia to Brazil. Now they will be able to enjoy the convenience of buying tickets and issuing boarding passes, and experience the excellent service of Azul on flights from our country,” added Marcelo Bento, Azul's alliances director. Initially, Ethiopian Airlines may place its code on Azul's operations from São Paulo (Guarulhos) to Belo Horizonte, Curitiba, Goiania, Porto Alegre, Cuiabá, Foz do Iguaçu and Florianopolis. The routes offer fast and convenient connections for customers leaving Addis Ababa, Ethiopia's capital, to São Paulo. Moreover, the agreement works reciprocally; allowing both Airlines Customers to enjoy connectivity in their respective Hubs.

    Ethiopian Airlines currently flies to more than 100 international passenger and cargo destinations in 5 continents, out of which 55 are in Africa. Azul, in turn, concentrates its two largest distribution centres in São Paulo (Viracopos) and Belo Horizonte with more than 200 departures for more than 80 Brazilian destinations.

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  • China unleashes world’s fastest bullet train

    While we sit and wait for all the wild hyperloop plans to materialize at some point in the future, China, in the meantime, has relaunched a fleet of the fastest bullet trains you can ride today. The new trains, named Fuxing (which means “Regeneration”), reach a maximum speed of 248 mph and will operate at 217 mph on average, shaving an hour off the current five-and-a-half-hour journey between Beijing and Shanghai.

    Fuxing’s speeds aren’t exactly a brand-new breakthrough. China’s previous generation of bullet trains, the “Harmony” trains introduced in 2008, also once operated at 217 mph. But after a train crash that killed 40 people in 2011, those trains were capped at a maximum speed of 186 mph.

    The Fuxing trains, unveiled in June and in operation starting this week, feature an improved monitoring system that can slow the train automatically when abnormal conditions or emergencies arise. They’re also fitted with more advanced shock and crash energy absorption equipment.

    Asia and Europe currently operate some of the fastest trains in the world, including the Shanghai Maglev, which has a maximum speed of 267 mph and an average speed of around 150 mph, and Italy’s AGV, which has a maximum speed of about 220 mph.

    By comparison, the fastest train in the U.S. is Amtrak’s Acela Express running from Boston to Washington, D.C., hitting a maximum of 150 mph and an average of about 70 to 80 mph. Plans for new high-speed trains stateside are in the works, however, notably in the Midwest and up and down California.

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