2merkato

The Addis Ababa Chamber of Commerce and Sectoral Association reached a partnership agreement with the Ethiopian Development Research Institute.

The collaboration between the two organizations is intended to enhance development in the private sector through improving the low performance seen in the areas of business competition, managerial skills and lack of flexibility.

Profit in the market generally arises from efficiency but traditional practices in the Ethiopian market allow dominant traders to benefit from largely inefficient means which is abnormal explained Newai Gebre-ab, Executive Director of the EDRI.

Leather exports from Ethiopia earned 11.7 Million US Dollars in revenue in the month of June according to the Ethiopian Leather Technology Development Institute.

The revenue was earned through the export of products that include finished leather good such as shoes and gloves noted Birhanu Sirjabo, Director of communications with the Institute.

The amount earned in the month is 4 million US dollars more than what was earned in the month of May he claimed.

Ethiopian Airlines made its maiden flight to Toronto this week landing at Pearson International Airport. Toronto will be the second destination for the airline in North America next to Washington D.C.

The flight was commemorated by an event attended by Ato Deriba Kuma, Ethiopian Minister of Transport, Ms.  Michèle Lévesque, Canadian Ambassador to Ethiopia, Mrs. Hazel McCallion, Mayor of Mississauga, Mr. Howard Eng. President and Chief Executive Officer of Greater Toronto Airports Authority.

The flight was welcomed with music, a water salute and dance performance at the terminal, ribbon cutting and cake.

The Ethiopian Standards Agency announced that it has approved more than 2000 new and revised quality standards in seven sectors in the completed fiscal year.

An estimated 15,000 of the standards approved are new while the other 500 or so are revisions of existing standards according to Daniel Zenebe, Communication and Public Relations Head for the Agency.

The standards approved by the agency are expected to play a notable role in enhancing the productivity of the domestic industries and support the transfer of technology he noted.