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Samsung is to set up a new Traffic Management Center to offer a centrally controlled traffic system in Ethiopia’s Capital, Addis Ababa.

The South Korean electronics company is in the process of conducting a pre-feasibility study and is expected to secure a loan from the Korean Import-Export Bank to finance the project.

The project was first discussed between representatives from Samsung and the Addis Ababa City Roads Authority in November of 2010 according to Engineer Fekade Hailu, General Manager of the Addis Ababa City Roads Authority.

Ethiopia earned more than 60 million US dollars from the export of oil seeds last month according to Kebede Chane, Minister of Trade.

The revenue was earned from the export of 48,000 tons of oil seeds said Kebede speaking at the opening of the International Conference on Oil Seeds, Pulses and Spices, held in Addis Ababa.

Export trade is significant for the Ethiopian agriculture led development strategy and sesame production has been contributing to enhance the nations export income he noted.

The Shipping and Logistics Enterprise of Ethiopia has made a minimum of 9% discount on ocean freight transport for the next month.

The Enterprise did not officially announce the discount, which has been effective since the 9th of February with importers discovering it through lower prices on shipments.

The discount is due to the coordinated efforts of the various government agencies that have come together to form the new Enterprise according to an official.

Airbus expects a six month on the A350-XWB aircraft on order by Ethiopian Airlines, Ethiopia’s flag carrier. The delay has not caused complications with customers according to Airbus officials.

It is to be remembered that Ethiopian Airlines signed the 2.9 billion dollar agreement for the purchase of the aircraft in 2009.

The deal was signed for Ethiopian Airlines by former airline Chief Executive Officer Girma Wake.