2merkato

Ethiopia’s year-on-year inflation rate has declined to 10.0 percent in November from 11.8 percent in October, Fana Broadcasting Corporate (FBC) reported.

Ethiopia expects more South Korean investors in the manufacturing sectors, specifically in textile industry, according to State Minister of Industry Tadesse Haile.

Two international companies named, Minelab Electronics and SK Mining Equipment has formed a joint venture to assemble small-scale gold mining machines in Ethiopia, according to the Daily Monitor.

Ethiopia has set plan to raise rural water supply by 25 liter water a day per person within one kilometer radius from the base line 15 liter a day per head with 1.5 kilometer in GTP II period.

Ethiopian Airlines (ET) has offered a discount to Ethiopian Horticulture Exporters using its cargo service, Addis Fortune reported.

Meta Abo Brewery S.C., a Diageo company, announces the launch of new, premiumised packaging for its flagship brand Meta Classic beer. The pack has been redesigned to be more contemporary and to give the Meta brand more prominence whilst the new brighter red colour drives overall stand out.

Liberty Metals & Mining Holdings, LLC, a subsidiary of Boston-based Liberty Mutual Insurance (LMM), has acquired 25 percent of the shares in “Yara Dallol” for USD 51.25 million.

The Ethiopian Revenue and Customs Authority (ERCA) said its annual income from inland taxes will be over half a trillion Birr by the end of GTP II.

Omo-Kuraz I sugar plant, one of Ethiopia’s big sugar development project has begun trial of machinery run, Fana Broadcasting Corporate (FBC) reported.

Ethiopian Airlines, the fastest growing, the most profitable and the largest airline in Africa, is pleased to announce that it has finalized installation of Boeing 777 Flight Simulator manufactured by CAE Inc. ahead of its schedule and is now ready for training.