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Ethiopian Airlines, Ethiopia’s flag carrier, is planning to establish a new carrier in Central African according to a Senior Executive.

The management aims to create a new African airline to provide service to Central and Southern Africa said the official.

Ethiopian expects to attract investors such as South Africa Airways and Egypt Air in the proposed project although the detail work plans are still in development noted the official.

The African Cotton and Textile Industries Federation, (ACTIF) the voice of the textile industry in Africa, will hold “Origin Africa” — a four-day event showcasing the best in Africa fashion, textiles, and accessories — in Ethiopia.  Its main objective is to put Africa on the map as a preferred place to do business in the international textile and apparel industry.

Now in its third year, Origin Africa 2012 – Ethiopia will feature one of the largest and most comprehensive trade expos in Africa, with more than 60 exhibitors from Africa, the U.S., Europe, India and China covering the entire fiber/textile/apparel supply chain as well as the home decor and fashion accessories sector.  The Trade Expo is complemented by a world-class seminar series as well as the Origin Africa Designer Showcase, which features the best in African design talent.  The event will roll out over 4 days from 24 – 27 April at the Sheraton Addis and the African Union Conference Center.

Mamma Fresh Injera plc, Ethiopia has finalized preparations to export frozen Wat said Hailu Tessema, General Manager of the company.

The company is planning to export frozen chicken Wat and sauces to be used in the preparation of different types of Ethiopian foods explained Hailu.

Mama has been given permission from the United States Food and Drug Authority to begin exporting its products to the United States market after the agency carried out its testing he explained.

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.