2merkato

A World Bank economist on Tuesday, July 22, 2014 noted Ethiopia must devaluate its currency in order to boost export because the nation’s export commodities are mostly unprocessed products and they need to stay competitive on price.

Foreign investors’ as well as farmers’ participation in rubber tree development is growing, the National Rubber Tree Development Project, noted.

During the previous fiscal year, 2013/2014, Ethiopia managed to earn U.S $ 400 Million from the export of manufactured commodities, Ministry of Industry disclosed.

The Economic Commission for Africa is hosting a meeting in Ethiopia from July 24- 26, 2014 under the theme “Boosting Market Integration and Intra-African Trade through Effective Management of Regional Transport Infrastructure and Services”. The venue for the meeting is the UN Conference Center.

Ethiopian Airlines dubbed its newest Boeing 787 Dreamliner after India’s most famous monument, Taj Mahal.

The American corporation, Dow Chemical Company, opened a subsidiary office in Ethiopia.

Public Service Employees Transport Service Enterprise (PSETSE) is going to merge with Walia Intercity Bus Service Enterprise in order to start giving the awaited transportation service to government employees in less than a quarter of a year.

Kirloscar Brothers Ltd, manufacturer of pumping equipments, will open a construction consultancy office in Ethiopia by the end of this month.

Jimma University Specialized Hospital’s (JUSH) oxygen and vacuum producing pant is said to start operation in the coming September.

United Insurance S.C. (UNIC) after securing an approval from the National Bank of Ethiopia (NBE) started rendering a Funeral Insurance Cover.