Ethiopian becomes strategic partner of Malawi Airlines

Updated 17 July 2013
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Ethiopian becomes strategic partner of Malawi Airlines

Ethiopian Airlines, described as the fastest growing airline in Africa, announced that it has become the “strategic partner” of the new Malawian airline with 49 percent equity shareholding.
The remaining 51 percent of the shares will be held by the Malawian government and private investors.
The shareholder agreement for Malawi Airlines was signed between Cornelius Mwalwanda, Malawi’s deputy minister of finance, and Ato Tewolde Gebremariam, CEO of Ethiopian in Lilongwe on July 11.
This new partnership with Malawi Airlines is part of Ethiopian Vision 2025 strategic roadmap of setting up multiple hubs in Africa.
Through this strategic partnership with Malawian Air, Lilongwe will become Ethiopian’s third hub on the continent after its main hub in Addis Ababa and its West Africa in Lomee.
“The new agreement we have just signed with the government of Malawi is a model for the type of African cooperation that is needed in the 21st century. It is a win-win partnership aimed at enabling the success of African aviation in a capital intensive, skill-driven and highly competitive industry,” the Ethiopian Airlines stated.
Today, Africa is booming and, with the economic growth of the continent, demand for air travel is also growing at a much faster pace than the global average.
This growing demand and the uneven competition from foreign carriers, which currently dominate the African market, cannot be overcome by one single African airline.
For indigenous African airlines to succeed and get their fare share of the market, partnerships between African airlines are a must, said Ethiopian Airlines, which is first and foremost a Pan-African airline serving Africa in good and bad times for close to seven decades bringing Africa together and closer to the world.


Mashroat to support Labor Ministry projects

Updated 15 July 2019
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Mashroat to support Labor Ministry projects

The Ministry of Labor and Social Development and the National Program to Support the Management of Projects in Public Entities (Mashroat) have signed a memorandum of understanding (MoU) to appoint the latter as the enabling arm to support infrastructure projects. Mashroat will provide consultancy services and technical support for managing the ministry’s construction projects and facilities management based on the highest administrative and operational standards.

The MoU will allow Mashroat to examine and evaluate the construction projects’ management strategies and the ministry’s current facilities management, including designing and identifying policies, procedures and processes. In addition, Mashroat will ensure project implementation and facility management systems are run efficiently and effectively.

The MoU is considered as the first of its kind to be implemented by Mashroat to support the management of public facilities for government entities in the Kingdom. This includes the provision of consultation services and technical support based on international best practices and will support the ministry’s facilities, including 14 operating and maintenance contracts for 389 sites spread throughout the country.

The MoU was signed by Executive General Supervisor of Supportive Services at the Ministry of Labor and Social Development Dr. Ayman bin Ibrahim Al-Shelafan, and Director-General of Mashroat Ahmed bin Mutair Al-Balawi. In attendance were Minister of Labor and Social Development Ahmed bin Suleiman bin Abdul Aziz Al-Rajhi, Assistant to the Minister of Labor and Social Development Mohammed bin Nasser Al-Jasser, and Assistant Minister of Economy and Planning and Board Member of Mashroat Khalid bin Saud Al-Shunaifi.

Al-Jasser said: “The signing of this MoU is an important step toward strengthening our partnership with Mashroat. Through this joint effort, we aim to strengthen the ministry’s public infrastructure system, and achieve a strategy that will contribute to the development of the Kingdom and achieve the ambitious goals of Vision 2030.”

Al-Balawi said: “Mashroat aspires to achieve an effective transformational approach for the project and facilities management offices in the governmental agencies, through supervising the planning of the infrastructure projects portfolio for government agencies.” 

He added: “We are pleased to sign this MoU with the ministry, the first-of-its-kind for the management of public utilities. The program will examine and evaluate the management of current construction projects, while uniting the measurement of operational and maintenance procedures and processes to achieve efficiency and effectiveness, fulfilling the ministry’s strategic objectives.”

The MoU is an implementation of a royal decree (No. 47004) dated May 31, 2018, pursuant to the Council of Ministers’ resolution stating that public entities shall establish project management offices in cooperation with Mashroat to follow up, coordinate and manage their projects and ensure their delivery.