2merkato

Ministry of Trade (MoT) announced the retail price for petroleum products is going to stay the same for the month of October.

Ethiopian Commodity Exchange (ECX) got coffee laboratory equipment as a grant from the United States Agency for International Development (USAID). The grant was given to ECX in order to boost the coffee quality inspection and grading system of ECX’s laboratories.

Ministry of Trade (MoT) disclosed it is planning to earn U.S. $ 2.51 Billion from the export of non-manufactured or agricultural products. This forecast is 16.6 percent higher than what the nation targeted for the past fiscal year.

In quest for joining the international capital market, Ethiopia is going to start issuing international bond by the end of this year. The move is the first of its kind by the nation.

Topcon Corporation, a Japan manufacturer, concluded a contract with Ultimate Motors Plc, entitling the later to serve as its agent in the Ethiopian market.

Central Statistics Agency (CSA) disclosed it is compiling statistical data for Growth and Transformation Plan II (GTP).

East African Bottling Company is going to introduce brand bottled water, Dasani, to the Ethiopian market.

Two local contractors concluded a 2.2 Billion Birr road projects with Ethiopian Roads Authority (ERA) on Saturday, October 4, 2014.

Ambo Mineral Water agreed with ’Yegna’, Ethiopian Girl Hub show, to print the latter’s logo on its Ambo’s bottle stickers that will be distributed in Addis Ababa and Amhara. The promotional campaign is aimed to mark the beginning of the fourth series of the radio drama and talk show on October 19.

Ethiopia’s recent macroeconomic performance continues to be strong, with robust economic growth supported by higher agricultural production, and large public sector and foreign direct investments. Inflation remains contained in single digits and the fiscal stance at the general government level is cautious, although public enterprises continue to provide an expansionary impulse.