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.


Middlesex University Dubai doctorate for LuLu chairman

The UAE’s Minister of Tolerance Sheikh Nahyan bin Mubarak Al-Nahyan awarded the doctorate to Yusuff Ali M.A., LuLu Group chairman and managing director.
Updated 20 November 2018
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Middlesex University Dubai doctorate for LuLu chairman

Middlesex University Dubai recently conferred an honorary doctorate on businessman and philanthropist Yusuff Ali M.A., LuLu Group chairman and managing director. The UAE’s Minister of Tolerance Sheikh Nahyan bin Mubarak Al-Nahyan was the chief guest of the graduation event. 

While addressing the graduates and dignitaries, Sheikh Nahyan stressed the importance of education, which he said defines the character of an individual. Sheikh Nahyan further said that investing in education is like investing in the future, which also shapes the values of citizens. He urged students to continuously learn as it is a never-ending process. 

Sheikh Nahyan congratulated Ali on receiving the honorary doctorate, saying: “Yusuff Ali played an important role in strengthening the relationship between India and the UAE and for setting benchmarks in entrepreneurial leadership.”

He praised Ali’s “commitment to fellow human beings” and described him as a person with an “impressive record of achievements.”

More than 300 students were also awarded graduation degrees by Sheikh Nahyan. Also present on the occasion were Dr. Tayeb Kamali, Hamad Abdulla Al-Shamsi, chairman of Amanat Holding, and other dignitaries.