2merkato

Ethiopia earned 196 Million US dollars from the export of agricultural products through the eastern part of the country in the first six months of the current Ethiopian fiscal year according to the Dire Dawa Branch of the Ministry of Trade.

The products primarily exported through this route include Khat, Coffee, fruits and vegetables, oil sees and live animals said Tesfaye Hadgo, Head of the MoT office.

Ethiopia projects an 11% economic growth this year according to Prime Minister Meles Zenawi addressing the House of Representatives yesterday.

It is expected that the agricultural sector will grow by 8.5%, the industrial sector by 17.9% and the service sector by 11.5% said the Prime Minister.

Ethiopia has earned 1.347 billion US dollars in revenue from the export of various products in the first two quarters of the fiscal year said Meles while presenting a six month performance report.

Google organized the first ever g|Ethiopia this week. The event was intended to bring together software developers and other parties in the Information Technology sector to strengthen their application of Google products.

G|Ethiopia was held at this time because of the growth experienced by the country and the increased use of Google services like G-mail in Ethiopia.

The two day event was held at the Addis Ababa Hilton hotel with organizers offering overviews on how Google products can be put to use in the African context, with a special emphasis on access to the internet.

The annual inflation rate in Ethiopia fell to 32% in January following a slow down in food price increases according to the Central Statistics Agency.

The inflation rate for the month of January dropped from 35.9% in December following the drop in annual food inflation to 41.4% from 46.7% in December said the report from the agency.

Non food inflation also showed a decrease from 21.8 percent in December to 19.2% in January noted the Agency.