
This month, Ethiopian Airlines celebrates 80 years since its first commercial flight, and later this year, it will commemorate 64 years since ordering its first aircraft from Boeing. The two companies have maintained a strong relationship for over six decades, with Boeing jets forming a significant portion of Ethiopian Airlines' fleet. Boeing also opened an office in Addis Ababa last year. As Ethiopian Airlines develops a multi-billion dollar airport in Bishoftu, it plans to expand its fleet with 19 new Boeing jets, including nine 787 Dreamliners. Anbessie Yitbarek, Boeing's vice president of commercial sales and marketing for Africa, highlighted the long-standing partnership. He noted that Ethiopian Airlines was the first African airline to enter the jet age in 1962 with the Boeing 720B, and has consistently been among the first in Africa to introduce new Boeing aircraft, enabling its growth from a regional to a global carrier. Boeing's contributions include strategic partnerships, capacity building, and talent development, such as an MoU signed in 2019 to position Ethiopia as Africa's aviation hub, focusing on industrial development, advanced training, and leadership development. Boeing also collaborates with Cranfield University and Ethiopian Aviation University on training programs and community initiatives. Ethiopian Airlines' success is attributed to its consistent growth strategy, early adoption of advanced aircraft technology, and sustained investment in training and
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This summary was AI-generated from a story originally published by The Reporter Ethiopia.
Must ReadMassad Boulos, US Senior Advisor for Arab and African Affairs, visited Egypt, Somalia, and Eritrea to enhance engagement in the region. In Somalia, Boulos met with Foreign Minister Abdisalam Abdi Ali to discuss security and stability in the Horn of Africa, bilateral cooperation, and Somalia’s domestic political dialogue. In Eritrea, he met Foreign Minister Osman Saleh to review US-Eritrea bilateral relations and explore expanded cooperation in trade, regional economic development, and security. Boulos also met Egyptian Foreign Minister Badr Abdelatty in Cairo to reaffirm the US-Egypt strategic partnership and discuss shared regional priorities, including developments in Libya, Sudan, Lebanon, and the Horn of Africa. Boulos emphasized the need for constructive collaboration to address regional conflicts and advance peace and stability in the Red Sea and the Horn of Africa. These diplomatic efforts occur amidst shifting regional alliances, conflicts, and maritime disputes in the Horn of Africa.
Must ReadOver 4,000 participants have convened in Addis Ababa for the final conference of Ethiopia's National Dialogue, set to continue for several weeks. This event follows years of input collection by the National Dialogue Commission NDC, established in 2021 to foster reconciliation, build consensus, and guide the country towards sustainable peace. The NDC identified eight primary agenda pillars, including Nation-Building, State Structure, Governance Form, Political System, and Socio-Economic Issues, which will be deliberated in closed sessions by the participants. The outcome of these discussions is expected to result in a binding consensus next month. The opening ceremony was attended by senior government officials and members of the diplomatic community, with Prime Minister Abiy Ahmed emphasizing that dialogue is crucial for safeguarding Ethiopia's stability from internal and external threats. He urged all nationalities to listen to each other's questions, particularly Oromo and Amhara, to resolve issues and put Ethiopia on a concrete path. AU Political Affairs, Peace and Security Commissioner Bankole Adeoye and IGAD Executive Secretary Workneh Gebeyehu also highlighted the significance of the dialogue for regional stability and peace. Commissioner Melaku Woldemariam stated that the process belongs to all Ethiopians and requires broad public ownership, with no decisions made in advance. Former Nigerian President and African Union Special Envoy for the Horn of Africa, Olusegun Oba
Must ReadThe Ethiopian Petroleum Supply Enterprise EPSE is set to undergo a significant recapitalization of 286 billion Birr, as detailed in the fifth review of the IMF program. This allocation was approved by the Ministry of Finance on June 12 and authorized by the board of Ethiopian Investment Holdings EIH, chaired by the Deputy Prime Minister, on June 23. Approximately 170 million Birr will come from World Bank funds by the end of the 2025/26 fiscal year, with the remaining 116 billion Birr drawn from this year’s 2.3 trillion Birr budget before March 2027. A temporary surcharge at pumping stations is expected to generate nearly 80 billion Birr, intended to clear outstanding claims on the Fuel Price Stabilization Fund and build EPSE's liquid assets to cover trade credit liabilities. The government aims to collect 176 billion Birr from fuel taxes and an additional 90 billion Birr from motor vehicle and accessories taxes this year. This recapitalization, equivalent to 1.3 percent of GDP, is part of a plan to transition to lower-cost sight payments for fuel imports, reduce reliance on deferred Letters of Credit, and eventually implement an automatic fuel pricing mechanism. Challenges in fuel import include reliance on two suppliers, logistical constraints from Red Sea ports, and high costs associated with spot market purchases. Despite recent improvements in supply and a moderate fall in prices, the IMF document highlights acute short-term financing pressures due to high fuel and ferti