2merkato

Ethiopia’s inflation rate edged lower to 11.8 percent in a year to October from 11.9 percent in September, 2015, according to the Statistics Agency report on Monday November 9, 2015.

The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) has signed an agreement with the Swedish International Development Cooperation Agency (SIDA) for the facilitation of the Phase III of the Private Sector Development Hub (PSD-HUB) program.

Ethiopian Airlines, the largest, fastest growing and most profitable airline in Africa, is pleased to announce that it has been named for the fourth year in a row as the Airline of the Year by the African Airlines Association (AFRAA) at its 47th Annual General Assembly held between 8 and 12 November 2015, in Brazzaville, Republic of Congo.

Ethiopian Airlines first Airbus A350-900 is taking shape on the Final Assembly Line (FAL) in Toulouse, France. Ethiopian Airlines will be the first African A350 XWB operator when it takes delivery of the aircraft next year.

Atlas Development and Support Services (ADSS) has plans to set up a joint venture in Ethiopia with local company named Orchid Business Group PLC.

Condominium houses which are being constructed in different parts of Addis Ababa, Ethiopia, will obtain solar energy starting from this Ethiopian fiscal year, according to Fana Broadcasting Corporate.

African Trade and Insurance Agency (ATIA) announced plans to associate with domestic institutions for the expansion of investment projects in Ethiopia, Ethiopian News Agency reported.

The Development Bank of Ethiopia (DBE) announced plans to extend 112 billion Birr loan for priority projects in GTP II period, according to The Reporter.

The second route of the Addis Ababa light rail system stretching from Hayat Square-Megenagna-Torhailoch has started giving service today, Fana Broadcasting Corporate reported.

The Ministry of Industry of Ethiopia (MoI) said about eight industrial parks that are being undertaken in main regional towns will become operational this Ethiopian budget year, Fana Broadcasting Corporate reported.