2merkato

Ethiopia launched a green economic growth strategy estimated at 150 billion US dollars over 20 years. The program aims to develop Ethiopia into a middle income economy by 2025 without an increase in greenhouse gas emissions.

The strategy is the first of its kind to be implemented in Africa but could be duplicated in other countries said Dr. Ababa Haile-Gabriel, Director of the African Union, Rural Economy and Agriculture Department.

The city administration of Addis Ababa is going ahead with plans to build new water dams to meet the increasing water demands of the Ethiopian capital. The dams are expected to cost an estimated 8 billion birr.

The water reservoirs are expected to incorporate water treatment plants and supply 688,500 cubic meters of water a day increasing the water supply to Addis Ababa substantially.

Ethiopia signed a trade and economic cooperation agreement with China on Wednesday. The agreement was signed at the Ministry of Finance and Economic Development.

China will grant a 100 million US dollar loan and provide 65 automobiles and 25 buses to Ethiopia as part of the agreement.

The loan is expected to finance the Addis Ababa deep well water supply projects and the vehicles will be used as transportation for state guests said the MoFED.

The Ethiopian Airlines Aviation Academy has been officially recognized as an approved part-147 type maintenance training organization by the European Aviation Safety Agency.

The recognition from the European agency approves the Ethiopian Aviation Academy to offer international standard technical trainings to produce a professional work force for itself and other carriers.