2merkato

The 1.5 billion US dollar telecom network installed by ZTE (Chinese telecom) is being audited by an anonymous international firm. The ground breaking network audit will determine how well the new network meets international standards claim sources.

The firm, which was contracted some months ago, will complete its test in the next two or three months say sources. The deal was not advertised for managerial reasons according to the sources.

The National Bank of Ethiopia announced plans to offer gold to the local market in the next few weeks. The bank will sell the gold at current international prices and an additional 0.5% service charge.

Goldsmiths and jewelers will be required to purchase raw gold from the central bank according to a directive issued by the Ministry of Mines. This is expected to curb other sources of gold.

The Eastern African Fine Coffees Association announced plans to hold the 9th edition of the African Fine Coffee Conference and Exhibition in Ethiopia. The conference and exhibition will be held in Addis Ababa from the 16th to the 18th of February next year.

The event will provide an opportunity for international attendees to experience the many varieties of coffee available from Ethiopia and other fine coffee producing nation said Abduraham Sheik Ahmed Minster of Trade.

The Ethiopian Civil Aviation Authority has announced that Ethiopia has signed air service agreements with 11 countries. The agreement was signed at the 4th International Civil Aviation Negotiation Conference which held place in Mumbai.

Ethiopia will gain a range of benefits from the agreements including in the areas of investment, trade and tourism according to Endeshaw Yigezu Authority Air Transport Planning Directorate and Delegation Head.