Ethiopia's inflation rate has picked up pace in June mainly driven by surge in prices of non-food items, the Ethiopian Central Statistics Agency monthly inflation report indicated last week.
The Consumer Price Index grew at an annual rate of 7.4% in June compared with 6.3% in May, the first month of increase after a steady decline over the last year.
Add a comment Add a commentEthiopia and Vietnam have signed a Memorandum of Understanding (MoU) to begin bilateral air transport, according to a statement the Ethiopian Civil Aviation Authority sent to Ethiopian News Agency. The MoU was signed following a two-day discussion held between officials of civil aviation authorities of the two countries in Hanoi from 11-12 July 2013.
Director-General of the Authority Col. Wossenyeleh Hunegnaw signed the MoU with his Vietnamese counterpart Vo Huy Cuong. Col. Wossenyeleh on the occasion said the MoU will significantly contribute to strengthen economic relation between the two countries. Add a comment Add a commentThe Ethiopian Revenue and Customs Authority said it has collected over 84.2 billion Ethiopian birr revenue during the just ended Ethiopian Fiscal Year.
The Authority told Ethiopian News Agency on Tuesday that the revenue collected showed an increase of 13.56 billion birr compared to the amount collected in the previous budget year. Add a comment Add a commentThe National Bank of Ethiopia has opened bids of five international companies for printing of standardized checkbooks.
Habesha Brewery is offering additional 300,000 shares to its existing shareholders after failing to get adequate bank credit.
Habesha has plant to install a brewing plant with annual capacity of 500,000 hectoliters in Debre Berhan Town, 120 KM outside of the capital, Addis Ababa. Add a comment Add a comment
