Fikrite Teshome

Ethiopian spends big at Paris Airshow by Hiwot Birhane 24 Jun, 2017 By Kaleyesus Bekele Ethiopian Airlines stunned the aviation industry this week by placing a record number of passenger and cargo aircraft from leading global manufactures at the Paris Airshow, a renowned aviation exhibition held every two years in Le Bourget Airport, Paris, France. The largest African carrier placed a total of 27 aircraft orders from Airbus, Boeing and Bombardier with a total value of 4.8 billion dollars at least prices. On June 20 Ethiopian announced that it placed an order for 10 additional Airbus A350-900 aircraft, enabling further development to its fast expanding long-haul route network. The ten A350-900, Airbus newest jetliners are valued at three billion dollars at least prices. Last June, Ethiopian Airlines became the first African carrier to operate the A350 when it took delivery of the first of 12 aircraft in order. Today the carrier operates a fleet of four A35...

AAU Steps Forward to Clear Two Decades of Audit Irregularities   by Hiwot Birhane   In a bid to clear its two decades of audit irregularities, the Addis Ababa University (AAU), the oldest and biggest university in the country, has hired Merit Management Consultancy, a local auditing company, with a cost of 6.3 million Br. This makes the institution the only public university to clear long years of audit adversity. The move came two weeks after the Office of the Auditor General discovered a significant amount of illegitimate transactions in the University in the previous year audit report of the institution. The rationale of the project is to partly or wholly reconstruct the financial accounts of the institution since 1995 – a year when all prior accumulated financial irregularities of government institutions were cancelled. The financial account will be rebuilt by sorting and processing primary documents of the University in line with effective laws and setting...