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Addis Ababa is to get new technology that will improve the efficiency of the traffic system so as to alleviate problems related to traffic congestion.

The Addis Ababa City Roads Authority is in the process of finding vendors for traffic lights to be installed at fourteen junctions across the city. The authority announced the tender for interested suppliers 2 months ago at which time ten companies purchased bid documents. Two potential vendors submitted offers to the authority according to an anonymous source.

The authority has budget of 30 million birr to install the traffic light system according to Engineer Elisabeth Tesfaye who is a member of the committee evaluating the proposals. Add a comment Add a comment

Ethiopian Airlines has registered more than 25% in annual growth in areas including revenue, cargo transport and passenger.

The airline has managed to earn 1 billion birr in revenue and made 732 million birr in profit according to Tewolde Gebremariam, Chief Executive of Ethiopian.

Ethiopian transported 4.8 million people and moved 182 thousand tons of cargo showing significant increase as compared to the previous budget year he said. Add a comment Add a comment

The Ethiopia Commodities Exchanges signed a Memorandum of Understanding with the government of the United States. The US government signed the agreement through the agency of the Unites States Agency for International Development.

The agreement is intended to allow collaboration towards enhancing the quality, marketing and traceability of Ethiopian coffee.

The agreement facilitates a partnership between the Agricultural Growth Program-Agricultural Market Development Project of the USAID with the exchange to enable sellers and buyers to track the origin of coffee through electronic coding and marking. The collaborative efforts will also include certifying laboratories and quality graders as well as enhancing the efficiency of the ECX warehouse system and increasing the number of farmer’s cooperatives. Add a comment Add a comment

Ethiopian Airlines renewed its long-term operator agreement with Travelport. The agreement means that Ethiopian Airlines will continue to distribute the Galileo products and services offered to the travel industry by the business service provider according to the announcement made by the airline.

The current agreement is an exclusive five year contract cementing the long term relationship between the two parties and highlights the important of the East African Region for the travel sector noted the announcement made by the airline.

Ethiopia is one of the fastest growing Global Distribution Systems in Africa as demonstrated by the 24% annual growth recorded between 2011 and 2012, according to figures compiled by Travelport. Add a comment Add a comment