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Ethiopia conducted a business seminar for a business delegation from the Guangdong Province of China at the Addis Ababa Hilton Hotel.

The Ethiopian government has created a conducive investment environment for foreign investors said Seyoum Mesfin, Ethiopian Ambassador to China at the seminar held yesterday. The government encourages Chinese investors to engage in joint ventures with local businesses to promote technology transfer he noted.

A business seminar like the one conducted yesterday is expected to strengthen the long standing relationships between China and Ethiopia noted Birhane Gebrekirstos, State Minister for Foreign Affairs.

Emirates airlines announced a series of new deals for Ethiopian passengers including new special fares for flights out of Addis Ababa. The new fares represent several tiers of savings that extend to 30% reductions.

The offer is open to business and economy classes of tickets booked on Emirates between September 1st and October 15th 2012 for travel period between September 20th and December 5th 2012 and cover eight popular destinations Europe, Asia and the Middle East.

Emirates is offering promotional fares to eight destinations: Dubai in the Middle East, Chennai, Hyderabad, Karachi and Bangkok in Asia and Paris, Milan, Rome in Europe.

Ethiopia’s nominal GDP for the current year is expected to reach 906 billion birr in the current year based on projections of 10% real GDP growth and 16% deflator according to the mid-year macroeconomic review undertaken by Access Capital.

The potential for growth in the period is positive with a normal and above normal rainfall recorded by the Ethiopian Meteorological Agency for most crop growing parts of the country during the main rainy season noted the report.

Continued investment in large scale infrastructure and strong Foreign Direct Investment flow into the country in addition to by and large optimistic activities in the service sector all contribute to economic expansion it said.

Sony announced nine new products: Cyber-shot™ cameras including the WX series (DSC-WX100, WX150), HX series (DSC-HX200V, HX20V, HX10V), W690, TX series (DSC-TX20, TX66), and H series (H90), which offer superior optical performance in some of the world’s slimmest and lightest cameras.

Each of the new nine cameras are designed to exceed the needs of amateur photographers and professionals at any locations.
The new Cyber-shot™ compact digital cameras are currently available on the Ethiopia, Tanzania, Kenya, and Uganda.

The new products will push the boundaries of digital photography by creating cameras to serve the demands of a dynamic market and Sony customers seeking high performance, style, convenience and durability.