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Ethiopia: CBO Reported 267M Birr Gross Profit for FY 2012/13

Cooperative Bank of Oromia (CBO) reported gross profit of 267 million birr for the 2012/13 fiscal year, Capital reported.

Abera Deressa, board chair of CBO siad, “Global growth dropped to almost three percent in this past year, which indicates that about a half a percentage point has been shoved off the long-term trend since the crisis emerged,” addressing the company's share holders during its general assembly on November 30 in Adama town.

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Ethiopian Agricultural Research Institute to Introduce Improved Wheat Seeds

eiarThe Ethiopian Agricultural Research Institute said it will introduce new improved wheat varieties to farmers, Ethiopian News Agency reported.

After visiting model farms growing improved wheat varieties in Gurage Zone of South Ethiopia Peoples' State, Crop Research Director with the Institute, Dr Asnake Fikire said, the new varieties produce high yield while resisting diseases and drought.

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Ethiopian Commences Flights to Singapore

Ethiopian AirlinesEthiopian Airlines, the fastest growing Airline in Africa, announces the commencement of a new flight services to Singapore at the inaugural ceremony held at Bole International Airport, Ministerial Salon on December 03, 2013.

The event was graced by H.E. Mr. Getachew Mengistie, State Minister of Transport of the FDRE, H.E. Mr. Tadesse Haile, State Minister of Industry, H.E Mr. Lee Yi Shan, Senior Minister of State for Trade and Industry of Singapore, Mr. Tewolde GebreMariam, CEO of Ethiopian Airlines and other invited guests.

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