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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (114038)	11/1/2015 3:04:16 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 218621

Eritrea invaded Ethiopia and fought the Eritrean–Ethiopian War over the "valuable" town of Badme, seen in the lower three photos. The 2000 war over a border created in 1902 and muddied when Italy took troops from their colony of northern Ethiopia (Eritrea) and invaded Ethiopia cost hundreds of millions of Dollars and cost the lives of tens of thousands. The Tigrinya people who rule both Eritrea and Ethiopia, and abuse minorities in both nations, trace their ancestry to the legendary king Menelik I, the child born of the queen of Sheba and King Solomon as do the priests of the Ethiopian Orthodox Tewahedo Church. Menelik I would become the first king of the Solomonic line of rulers of Ethiopia that ended only with the deposing of Emperor Haile Selassie in 1974. Mussolini left behind lavish architectural monuments to Italian culture in Eritrea, the most impressive of which is the 1938 Fiat Tagliero petrol station in Asmara, now operated by Shell. Perhaps China has their eyes on this lush prize, the town of Badme.

To: ggersh who wrote (114038)

10/5/2020 11:33:28 PM

From: TobagoJack

1 Recommendation

Recommended By
ggersh

Read Replies (2) | Respond to of 218621

Re <<A gateway to the rest of Africa, cheaper labor or both?

... Ethiopia>>

Ethiopia has come a long way since 2015, by way of win-win cooperation, likely worth it.

Some folks had the narrative right, at the get-go, and then got polluted after losing the script.

Good thing that Ethiopia carried on, did not say "no" as advised and now in good place to save S Africa

How time mills balderdash into fine powder Message 31508278

Should Ethiopia say “no” to progress and “yes” to failed-state, or did I misunderstand you?

bloomberg.com

South Africa Told to Look to Ethiopia to Rescue Its Airline
Paul Vecchiatto

LISTEN TO ARTICLE
South Africa should act to preserve its insolvent national airline and seek to partner the carrier with Ethiopian Airlines Group, according to a study commissioned for ruling-party lawmakers.

The assessment, seen by Bloomberg, was prepared by African Aviation Services Ltd. and dated Oct. 4. It was presented to a group of African National Congress lawmakers on Monday, according to an ANC official who asked not to be identified because the information isn’t public.

South African Airways went into administration in December and now needs more than 10 billion rand ($603 million) to restart, according to a plan produced by the carrier’s business rescuers. The airline hasn’t made a profit since 2011 and has been surviving on government bailouts.

“There is inherent value in an existing airline which cannot be easily replicated in a new replacement carrier,” Nick Fadugba, the CEO of African Aviation and the author of the study, wrote in the document. “After a thorough analysis, our preferred strategic equity partner for SAA is Ethiopian Airlines.”

Strong Market
Ethiopian Airlines shares a similar “pan-African vision” to SAA and is Africa’s strongest carrier, Fadugba wrote.

Fadugba declined to comment when called by Bloomberg. Department of Public Enterprises spokesman Sam Mkokeli couldn’t immediately comment and ANC spokesman Pule Mabe didn’t answer his phone or respond to a text message seeking comment.

“South Africa has the strongest aviation market on the African continent,” Fadugba wrote, citing research that shows that five of the 10 most lucrative routes in Africa are in or from South Africa, three of the continent’s 10 busiest airports are in South Africa and six of the 10 busiest routes are in or from the country.

Ethiopian Airlines is willing to provide planes, pilots and maintenance services to SAA, but doesn’t want to assist with paying off its debts and meeting the costs of cutting its workforce, Tewolde GebreMariam, the airline’s chief executive officer, said in an interview last week.

Echoing GebreMariam’s comments, Fadugba wrote that the South African government should take over SAA’s debt and not encumber a new partner with them.

The airline is unlikely to succeed unless an investor is found, he said.

“Without a strategic partner, all ongoing restructuring efforts being made are akin to once again rearranging the deck chairs on the Titanic,” he said.

Read More

Ethiopian Airlines Limits South African Offer to Pilots, Planes South African Airways Enters Critical Week in Funding Search

(Updates with South Africa’s aviation market in seventh paragraph, need for a partner in last three)

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