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The Addis Ababa City Administration is set to transfer more than ten thousand condominium houses located in different parts of the city to beneficiaries.

The City Administration's Housing Development Bureau has announced the 9th round winners of the housing program on Sunday 7 April 2013. The condos cost over 2 billion Ethiopian birr. Add a comment Add a comment

(In paragraph 1, corrects Microsoft intends to open application factory not manufacturing plant)

Microsoft, American multinational software corporation, through its African Initiative Program has started setting up application factories across Africa. Ethiopia is also one of the countries where Microsoft is planning to set up application factory for developers through which they can create Windows applications for the Windows 8 or Windows Phone platform.

During the 11th Innovation Africa Digital Summit held the past week in Ethiopia which saw the attendance of some 500 participants form the information communication technology industry, Microsoft has also presented its Africa initiative programs.

SouthWest Energy is planning to drill three wells in this year and in 2014 in its Jijiga basin concession on Ethiopia's border with Somalia. The company holds a total of 46,000 square kilometers of exploration acreage.

Tewodros Ashenafi, CEO of SouthWest Energy, a native of Ethiopia and the biggest shareholder in the company,  hopes his Ethiopian exploration will become the first indigenous company to make a basin-opening discovery in sub-Saharan Africa's 21st Century oil and gas boom.

Ethiopia’s inflation rate fell to 7.6 percent in March (Megabit) 2005 E.C., according to the Central Statistics Agency.

Households Survey and Prices Statistics Directorate Director with the Agency, Alemayehu Teferi, said the government has managed to bring price inflation down to single digit as per its plan. Add a comment Add a comment