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The Transportation Office of Addis Ababa, Ethiopia is partnering with the Agence France de Development to set up a rapid transit bus service. The city is to float an international tender for study of a pilot program.

The first line is expected to be Gofa Gabriel to General Wingate TVET School (12km) said Tiblets Asgedom, Head of the Transport Bureau of the Addis Ababa City Administration.

The project will commence after the study is completed according to Tiblets.

Mesfin Industrial Engineering plc, Ethiopia will begin assembling three new models of GEELY vehicle in 2012. MIE is expected to introduce, to the Ethiopian market, the SL1500cc model in June, followed by the EC1500cc and the 1300cc hunchback.

The three models have already been imported to Ethiopia and will be tested on Ethiopian roads this week according to Yesuf Adamnur, Sales and Promotion Manager at MIE.

Hide and skin prices saw an increase of 25% in Ethiopia last month. The price of hide and skin normally lowered or remained the same during holiday seasons but that has not been the case this year said the Leather Industry Development Institute in Ethiopia.

The recent increase in prices is related to the rise in new tannery production and the growth of the leather industry according to officials with the Ethiopian Leather Industries Association.

Ethiopian Banker, Admassu Y. Tadesse has been appointed as the 4th president of the Preferential Trade Area Bank of the COMESA. The PTA board of directors appointed the banker from Ethiopia on the 10th of January.

The PTA (The Eastern and Southern African Trade & Development Bank) board was chaired by Willard Manug and made up of seven members.

Admassu Y. Tadesse was elected from a pool of 120 candidates from 15 countries including Ethiopian Dr. Mulu Ketsela according to sources.