2merkato

The inflation rate in Ethiopia is expected to decrease to less than 10% by November according to Ethiopian Prime Minister Meles Zenawi.

It is expected that the inflation rate will continue to decrease according to the trend seen in March and is projected to reach single digits by November said Meles.

The annual inflation rate in Ethiopia slowed to 32.5% in March from 35.3% in February according to the Central Statistics Agency.

The Addis Ababa Abattoirs Enterprise, Ethiopia is planning to move the Kera abattoir from Kirkos District to a new plant in Akaki Kaliti District. The announcement was made last week inviting bidding for consultant services to undertake a feasibility study and operational planning study for relocation.

The bid document explains that the move is designed to facilitate the improvement and modernization of the slaughtering services offered by the abattoir to meet the growing demand.

The move anticipated for the past 15 years will be funded by a 900 million birr soft loan from the Agence Francaise de Developpement.

Cotton growers in Ethiopia called for the establishment of a federal authority designated to address the industry at a consultative meeting with the representatives from the Ethiopian Institute of Agricultural Research and the ministries of Agriculture and Industry.

Their proposal was supported by representative from the textile factories, agriculture experts, entomologists, chemical and pesticide companies.

The need for a designated federal authority is due to complaints that the Ministry of Agriculture bureau designed to handle agriculture investment has been unable to address the issues affecting the industry.

Ethiopian Airlines, Ethiopia’s flag carrier, will be the first airline in Africa to operate the 787 Boeing Dreamliner according to Tewolde Gebremariam, Chief Executive of Ethiopian.

Tewolde took a tour of the first Dreamliner expected to arrive later this year when in Seattle to discuss the delivery with Boeing executives in Seattle according to a statement made by the airline.

Tewolde met with Jim Albaugh, President and Chief Executive of Commercial Airplanes as well as Larry Loftis Vice President and General Manager of the 787 and other program managers to discuss the airlines first delivery and received an update on the Dreamliner program and production explained the statement.