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Addis Ababa, Ethiopia is to host the 15th Cooperation for urban Mobility in the Developing World Conference. The conference will be held from the 22-26th of October under the theme of ‘Urban Mobility for (Re) Shaping Cities’ according to the organizing committee.

The conference is intended to facilitate the exchange of ideas on policy, research and coordinated transport management explained Bedilu Assefa, Chairperson of the organizing committee.

The conference will also create an opportunity to learn from the best practices of different countries and promote unexploited investment opportunities in Ethiopia and create trade links in line with national development goals he said.

The International Monetary Fund announced that it may be possible to reduce inflation to single digits in Ethiopia by the end of this financial year.

The government has been following a tight and consistent monetary policy to force inflation down to single digits and IMF supports the tightening of federal government monetary and fiscal policies said Jan Mikkelsen, IMF Resident Representative.

The public sector led development strategy of Ethiopia is encouraging although it may have a negative impact on the private sector according to Mikkelsen.

A delegation of representative of French and Djiboutian business visited Ethiopia last week. The delegation was led by Banque Pour Le Commerce et L’Industrie - Mer Rouge (BCIMR) in Djibouti and its French parent BRED Banque Populaire.

The delegation is made up of a diverse group of 10 members with backgrounds ranging from banking to aviation and insurance.

Company’s represented include a company dealing with medical products and health care, an insurance college and long time Canadian partner and the International Bank of Canada said Emmanuel Lemoigne Director General of BRED.

The Ethiopian Privatization and Public Enterprises Supervising Agency is to officially hand over six state coffee farms and four other enterprises to private investors.

PPESA is also expected to give a final decision with regards to Batu Construction, Awash Winery, Coffee Technology Development Enterprise, Ghion Hotel and the seven coffee farms under Limu Coffee Farm and its headquarters in Jimma town.

The Board of PPESA which is in charge of approving the sale of privatization of any public enterprise and are expected to approve the transfer to winners of the bidding process.