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The National Bank of Ethiopia approved the appointment of Tesfaye Desta as the new president of Oromia Insurance Company, Ethiopia. 

Tesfaye has been serving as acting president of Oromia Insurance after Mitiku Abdissa founding president resigned last April He previously served as a financial analyst-project officer at the Ministry of Industry from 1987-91. He served in a managerial position with Nyala Insurance for more than ten years.

Ethiopia earned 92 million US dollars from the export of fruits, vegetables and flowers in the last five months according to the Ethiopian Horticulture Development Agency.

74.5 million Us dollars was acquired through the export of flowers said Haileselassie Tekie Director General of the Ethiopian Horticulture Development Agency at a joint consultative workshop organized for the sector.

Ernst and Young is to present the first phase of a study it conducted towards the development of a national framework for Economic Growth Corridors in Ethiopia on the 23rd of December, at the Hilton Hotel.

The study will be expected to define concepts related to Economic Growth Corridors, establish criteria for identifying them including the legal, organization, institutional and coordination procedures related to identification. The study will also deal with establishing and operating EGCs at the regional and federal levels.

The Ethiopian Chamber of Commerce and Sectorial Association elected Mulu Solomon as president on the 17th of December. Mulu was elected as head of the chamber in Ethiopia after acquiring 112 votes out of a possible of 187.

Mulu was nominated as a presidential candidate for the ECCSA by the 7th General Assembly of the Addis Ababa Chamber of Commerce and Sectorial Association held last week.