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Ethiopian Airlines to manufacture parts in venture with Boeing
  + stars: | 2023-08-18 | by ( ) www.reuters.com   time to read: +1 min
An Ethiopia’s Airlines Boeing 737 Max 8 plane to take off on a demonstration trip to resume flights from the Bole International Airport in Addis Ababa, Ethiopia February 1, 2022. REUTERS/Tiksa Negeri Acquire Licensing RightsNAIROBI, Aug 18 (Reuters) - Ethiopian Airlines will start manufacturing aircraft parts in a venture with Boeing (BA.N) at an initial cost of $15 million, the government's investment agency said on Friday. The state-owned carrier, which is the biggest in Africa, has already signed the deal that also involves the local state Industrial Parks Development Corporation, the Ethiopian Investment Commission said on X, formerly known as Twitter. The venture will make "aerospace parts, including aircraft thermo-acoustic insulation blankets, electrical wire harnesses, and other parts," the commission said. It was not immediately clear if Ethiopian Airlines has also suffered from similar lack of parts.
Persons: George Obulutsa, Duncan Miriri, Angus MacSwan Organizations: Ethiopia’s Airlines Boeing, Max, REUTERS, Tiksa, Acquire, Rights, Ethiopian Airlines, Boeing, Industrial Parks Development Corporation, Ethiopian Investment Commission, Twitter, Kenya Airways, Thomson Locations: Bole, Addis Ababa, Ethiopia, Rights NAIROBI, Africa, Ukraine
Why Egusi Is More Than Just a Great Soup
  + stars: | 2023-06-16 | by ( Yewande Komolafe | ) www.nytimes.com   time to read: +1 min
Elsewhere in southwest Houston, Ms. Lakshmi tastes suya, bole, fufu, asun and jollof, tries her hand at pounding yam and practices the art of scooping soup with swallows. She moves from the kitchen at Margaret Chibuzo’s Safari restaurant to the dining room, where she shares egusi soup with the gospel singer Stacy Egbo. I encountered not just the Nigerian, but the Liberian, Ghanaian and broader West African communities in Newark and Charlotte, Atlanta and Albuquerque. By ensuring access to ingredients, they’d helped steward our shared culture a world away. Versions of egusi soup dotted menus in every city we stopped, and I relished each one.
Persons: jollof, Margaret Chibuzo’s, Stacy Egbo, they’d Organizations: Liberian Locations: Houston, bole, fufu, United States, Newark, Charlotte, Atlanta, Albuquerque
[1/2] Ethio Telecom employees serve a customer inside their call centre in the Bole neighborhood branch in Addis Ababa, Ethiopia July 29, 2022. REUTERS/Tiksa NegeriADDIS ABABA, Jan 12 (Reuters) - Ethiopia's state-owned Ethio Telecom on Thursday reported a 20% rise in half-year revenue to 33.8 billion birr ($633 million). Subscribers to its mobile phone-based financial service Telebirr, launched in May 2021, grew to 27.2 million out of its 70 million total subscribers, CEO Frehiwot Tamiru told a news conference. That was up from 21.8 million Telebirr subscribers in June 2022. Efforts to attract investment have been hampered, however, by a two-year war in the northern Tigray region, which has killed tens of thousands and displaced millions.
Electric vehicles in the coming years will be capable of powering homes and the grid. Backup power from EVs can help during storms and support electric grids strained by extreme weather. A new business unit, GM Energy, has a line of electric-vehicle chargers that can also feed power back to homes and the electric grid. "There's a value stack in EV batteries: supporting the grid, serving as backup power for your home, and also reducing greenhouse-gas emissions." The Ford F-150 Lightning also has bidirectional charging, which proved useful after Hurricane Ian pummeled southwest Florida's power grid.
The new business unit, called GM Energy, will consist of Ultium Home, Ultium Commercial and Ultium Charge 360 divisions. Ultium Home and Ultium Commercial will, as their names imply, supply energy storage for homes and businesses, respectively. GM Energy will also be involved with hydrogen fuel cells and solar energy products, GM said in its announcement. GM Energy will work with California’s Pacific Gas and Electric on a pilot program to test the concept using GM electric vehicles starting in 2023, GM said in the announcement. The new subsidiary is also working with solar energy provider SunPower, which will install solar panels on customers’ homes, GM said.
REUTERS/Tiksa Negeri/File PhotoABUJA, Sept 23 (Reuters) - A consortium led by Ethiopian Airlines is the preferred bidder for shares in new Nigerian airline Nigeria Air, the country's aviation minister said on Friday. Ethiopian Airlines will own a 49% stake in the new airline, while the Nigerian Sovereign Fund will take 46% and the Nigerian federal government the remaining 5%. Nigeria Air would have an initial capital of $300 million and plans to have 30 aircraft within four years, he said. Nigeria Air will launch with service between the capital Abuja and Lagos, the commercial capital, and add other routes later. "Nigeria Air is a limited liability company that will have no government intervention," he added.
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