2merkato

Ethiopia has entered in to agreements with eight international companies which are going to explore for deposits of oil and gas in the country.

Ethiopia had signed 11 agreements for sharing profit from petroleum and one joint survey agreement with the eight companies, Ministry of Mines said yesterday.

The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) launched this week a new exporter’s guide as part of its business development and trade facilitation efforts to maximize the benefits of the country from the sector.

Eyesuswork Zafu, president of the chamber, said that the guide would be a useful partner to all exporters in Ethiopia.

Central Statistical Agency said yesterday that Ethiopia’s inflation rate hit to 38.1 percent in June up from 34.7 percent the previous month driven by higher food prices a rise in the prices of wheat, maize, barley, meat and potatoes among other items.

Food prices rose to 45.3 percent in June after rising 40.7 percent in the May, according to the agency.

Ethiopian Airlines's Boeing 787 Dreamliner aircraft is scheduled to arrive in March next year, Fikre Degife, the airlines's area manager for China said on Thursday. The Dreamliner will be deployed on long direct flights including a new destination in China.

Boeing was supposed to deliver in December four of the ten 787s Ethiopian had ordered according to Fikre who said that the arrival in March was confirmed.

Ethiopian launched a new flight to Hangzhou on 3 May 2011, its fourth destination in China next to Guangzhou, Beijing and Hong Kong.