2merkato

Ethiopia earned an estimated 1.1 billion US dollars from the export of various items over the past five months announced the Ethiopian Ministry of Trade.The revenue earned from exports, in Ethiopia, is 227.5 million US dollars higher than the same period last financial year said Amakele Yemam Public Relations Director for the Ministry of Trade.

During this period, Ethiopia, exported no less than 35 types of agricultural produce and industrial products to about 120 countries across the globe according to Amakele.

Ethiopian Airlines has announced new nonstop flight between Addis Ababa, Ethiopia and Muscat, Oman. Ethiopian will make the flight to Muscat six times a week according to a press release from the airline.  

Ethiopian Airlines is pleased to commence flight services to Oman which has been nominated as the ‘Arab Tourism Capital 2012’ by the Arab League said Tewolde Gebremariam Chief Executive Officer of Ethiopian Airlines in the press release.

The new flight services to Muscat make it the 7th destination in the Middle East for Ethiopian Airlines and the 63rd internationally noted the press release.

The Ethiopian Electric Power Corporation announced that that first tender to outsource its utility management to an international company failed, last week. The sole utility company in Ethiopia, EEPCo, is considering further options.

The tender was put out as part of the power corporations aim to transform its utility operations, including distribution, transmission and power generation.

Ethiopian company, Belayab Car Assembly plc, introduced a new model vehicle assembled in Ethiopia. The company based in Adama, Ethiopia is in partnership with First Automobile Workshop a Chinese company.

The new model vehicle, named Vela, is expected to retail for 315, 000 birr with an initial promotional discount rate of 290,000 birr to 298,000 birr.

Belayab reached an agreement with the First Automobile Workshop a year before it began production on the Vela according to Solomon Habtamu Manager of Belayab.