Focus – Page 18 – Ethiopian Business Review

The share of Boeing, the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems, fell by 2.5 pct, on January 18, 2013 according to AFP.

This happened following the frequent incidents the Boeing 787 Dreamliner encountered. Some of the problems include ignition of its battery pack on Japan’s All Nippon Airways, the largest operator of the plane, shortly after the flight landed at Boston’s Logan International Airport. Fuel and oil leaks, crack in the cockpit window and a computer glitch were also found. These erroneously indicated a brake problem. Following this, the United States Federal Aviation Administration (FAA) has grounded all dreamliners in its jurisdiction, on Jan, 18. This follows another incident in Japan. All Nippon Airways said a cockpit message showed battery problems and a burning smell were detected in the cockpit and the cabin.

Addis Ababa Chamber of Commerce and Sectoral Association (AACCSA) is preparing to begin a one hour television program. The chamber has concluded an agreement with the Ethiopian Radio and Television Agency to start transmission of the program as of February 2013, the Relations and Media Department of the Chamber said.

Dashen Bank is in the final stages of allowing its customers enjoy using the latest dual outlet Automatic Teller Machines (ATMs). Unlike the former ATMs which are used only to withdraw cash, one of the latest machines that the bank has ordered, can also be used to deposit cash and checks. The other machine can be used to convert currencies. This is because the machines have dual outlets. One of the outlets has a sensor attached to it which helps deposit checks and cash; while the other can be used to manage exchange of currencies. The bank plans to make the two machines operational this year.

An HIV/AIDS document, which took years in the making by the Ministry of Health, is finally being published. The Minimum Package for HIV/AIDS Intervention in Emergency Settings gives guidelines for crisis intervention for mid level program planners in agencies that serve people with HIV and AIDS.

Addis Ababa University (AAU) announced a plan to establish technology business incubation (TBI) center at a cost of over a million birr. This was publicized in a workshop the University organized on January 16, at the University’s Eshetu Chole Building.

Awash International Bank (AIB) has set a new organisational structure throughout its head and branch offices. The structure integrates job descriptions and specifications, job grades and titles, salary scale and benefits packages, Ethiopian Business Review learned. The bank has also started grading branches into four classes.

The salary structure has been put in place beginning the new fiscal year. Because of the new scale, which is based on restructured pay grades, pay has risen 20 to 140 per cent, according to Ethiopian Business Review’s source. Most workers rejoiced when they heard the news about the increase but some, after realizing how the adjustment was carried out, were not happy.

BGI-Ethiopia and Ambo Mineral Water have recently come up with a first of its kind cooperation in advertisement in Ethiopia. The companies started a new style to advertise their products side by side in one sign board. This unique style of advertisement has started its function last September 2012 in Butcher’s around Piassa. The companies have also started to use joint advertisement during concerts. One such occasion was a concert at the Lafto Mall recently where Nathnael Ayalew, a young pop star, performed to a large crowd of people.

Acquires a New Campus in Fitche Town

Addis Ababa University (AAU) expands its horizon to Agriculture by opening departments of Animal Science, and Plant and Horticulture Science at a new campus named Selale Campus in Fitche Town, North Shewa Zone, Oromia National Regional State. The College of Veterinary Medicine and Agriculture will host the departments. The newly formed college came about following a recent restructuring of academic units in the University. The College comprises the former School of Veterinary Medicine, located in Bishoftu (Debre Zeit) which was then under the College of Health Sciences.

Ethiopian Airlines will extend the Addis Ababa – Bangkok route to Kuala Lumpur on October 31, 2012 with a frequency of three flights per week, the airline said in an email response to Ethiopian Business Review. The airline has also postponed the launching of flight to Sao Paulo, Brazil from its original schedule in December 2012 to March 2013. Ethiopian needs to finalize formalities with the Civil Aviation Authority of Brazil to get regular landing permission at Latin America’s busiest city.

Ethiopian Airlines will be the second African Airline to operate flights to both destinations after South African Airways.

Ethiopian Revenues and Custom Authority (ERCA) is planning training of more than 1200 logistic operators in November, 2012 Ethiopian Business Review learned. Applicants have paid 6528.84 birr each to receive training. Upon completion, the trainees will receive certificate of competence which will make them eligible to get license for transit and logistics services.

The authority set the new training after considering repeated request by importers and exporters.

Boeing’s share declined following Dreamliners battery problem, others

AACCSA to Begin TV Program

Dashen Bank to Import Latest ATMs

Ethiopia introduces guideline to fight HIV/AIDS in emergency areas

AAU Plans to Establish TBI

Awash International Bank Launches New Salary Structure

Mutualism in Business

AAU Expands its Horizon to Agriculture

Ethiopian Expands East and West

ERCA Plans Training 1200 Transit Operators