Home2013 (Page 34)

August 2013

Hadra Ahmed

Ethiopian Airlines announced that its operating revenue has increased by 14pc from last year as revenue increased to 38.5 billion br, up from 33.8 billion br a year earlier, despite soaring fuel prices and the grounding of Dreamliner 787s for several months. Its operating profit also rose to 2.7 billion birr ($142.85 million), up from 1 billion br a year ago, boosted by growth in its fleet, destinations and passenger numbers, the national carrier announced.

Potential for 15 to 20 new modern supermarkets and 5 to 10 new shopping centers in Addis Ababa between now and 2018

Sagaci Research, a market intelligence firm dedicated to African markets, released this month two new reports dedicated to Ethiopia: “Grocery retail in Ethiopia (Addis Ababa focus)” and “The Addis Ababa Consumer”.