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The importance of standards to Ethiopian business was underscored at the celebration of the the World Standards 2011. Standards play a very important role in technology transfer according to the Ethiopian Standards Agency (ESA). The role standards play is especially important to enable developing countries like Ethiopia to benefit from new technologies said Almaz Kahsay ESA, Director General.

Standards will also help promote trust between clients and the business community while reinforcing national and international regulations to establish a fair trade system according to Almaz. Standards also help to ensure fair and convenient circulation of products and services internationally, she said at a press conference to mark the Work Standards Day 2011.

The Indian agribusiness, Karuturi Global, is to outsource 20,000 hectares of land it had leased in Gambella Regional State to Indian farmers. The farmers are to cultivate the land on a profit sharing basis at a ratio of 65:35.   

The company plans to sub contract the land and necessary infrastructure to farmers who specialize in the cultivation of specific crops according to a senior Karuturi official. Karuturi has already had discussions with Punjabi farmers interested in this venture earlier this year, as part of its plans for expansion.

The MIDROC Ethiopia Technology Group announced more than 1.3 Billion birr in profits the past fiscal year, on Sunday.

The group has been able to achieve such tremendous success because of the dedication of its employees said Sheikh Mohammed Hussein Ali Al Amoudi Chairperson of MIDROC. The MIDROC Group will support national efforts towards growth and development by creating new companies and expansion he added.

Ethiopian Airlines began direct flights from Ethiopia’s northern regions to the Sudanese capital Khartoum on Thursday. It was announced that the new flight will takeoff to Khartoum from Bahir Dar, capital to the Amhara Regional State and Tigray's Regional State Capital, Mekelle.

Ethiopian Airlines announced that the new flight services will run four days a week on Tuesdays, Thursdays, and Saturdays and Sundays using Bombardier Q-400 Aircraft.