2merkato

Ethiopia and China signed a Memorandum of Understanding which established a cooperative business Council. Representatives of the Ethiopian Chamber of Commerce and Sectoral Associations and the China Council for the Promotion International Trade held business and investment deliberations at the time.

The Memorandum of Understanding is aimed at strengthening general trade and investment relationships between the two countries according to Junyedi Basha, Vice President of the ECCSA.

The two countries have had trade relationship since antiquity when both had influential civilizations and the cordial relationships founded then still persist according to Junyedi.

Ethiopia secured 461 million US dollars from the tourism sector from an estimated 584, 490 tourists who visited the country in the last financial year according to the Ministry of Culture and Tourism.

The stated revenue does not include earnings from domestic tourism said said Amin Abdulkadir, Minister for Culture and Tourism speaking at a meeting organized to assess the performance recorded by the ministry in the just concluded budget year as well as to launch the action plan for the new fiscal year.

A range of activities intended to promote and enhance cultural, historical and natural tourist attractions in the country contributed to the sum earned according to Amin.

The annual inflation rate in Ethiopia remained at 20% in July according to data revealed this week. Month-on-month prices remained unchanged for the third consecutive month revealed the data.

The pace of increase in food prices, however, has marginally slowed down showed the data. Food inflation decreased to 20.7% from 21.5% and non food inflation fell to 19.8% from 19%.

The year on year inflation rates showed signs of alleviating from 20.9% in June noted the Central Statistics office.

Ethiopian Airlines announced that it expects to take delivery of its first Boeing 787 Dreamliner on the 14th of August in Seattle, Washington.

The airline is proud to be the first airline from Africa, the Americas, Europe and the Middle East to take delivery of the Dreamliner and to be able to offer its passengers the unique flight experience offered by this aircraft.

Ethiopian is the only airline, other than Japan, to receive the new class of aircraft affirming its pioneer status in African aviation said Tewolde Gebremariam, Chief Executive of the airline.