2merkato

A delegation from Ethiopia consisting of high level government officials and leading business companies held a business summit with US Investors in Los Angeles California.

Ethiopia secured U.S $ 3.3 Billion from export in the just ended fiscal year, which is a 5.8 percent increase when compared to the nation’s performance during the year preceding it. This is partly attributable to the increase in oilseed revenue, which is the nation’s second highest export earning item.

Ethiopian Civil Aviation Authority (ECAA) disclosed it will in the near future make official Ethiopia’s new Air Transport Policy.

Addis Ababa Science and Technology University (AASTU) is going to start offering a new undergraduate program, Footwear Engineering, beginning from the 2014/2015 academic year. The curriculum is developed by the Leather Industries Development Institute (LIDI).

Around 1,193 projects in Amhara State were licensed during the just ended fiscal year. These projects had a combined capital that exceeds 12.5 Billion Birr.

Berwaqo Milk Processing Plc, a one month old company, is preparing to export camel milk and its byproducts to other East African nations.

Ethiopian Horticulture Development Agency disclosed Ethiopia secured U.S $ 245 Million during the past budget year from the export of flowers, vegetables and fruits.

The Indian food company, Allanasons Ltd., announced it is set to invest USD $ 20 Million on a meat processing plant in Ethiopia. Allanasons is motivated by the existence of a large population of naturally fed cattle and sheep.

Gullele Soap Factory Plc changed its business organization form to a share company with a capital of 80 Million Birr.

Ministry of Finance and Economic Development (MoFED) announced on Saturday, August 2, 2014, it has made salary increment that ranges from 33 percent to 46 percent for civil servant. The increment is going to be effective starting from the new budget year’s first month.