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The Ethiopian Shipping & Logistics Services Enterprise reported a profit of 593 million Ethiopian Birr, in the last nine months of the current Ethiopian Fiscal Year.

The Enterprise's total revenue stood 5.6 billion Br, about five billion Birr of its total revenue is accounted for operational expenses, including voyage costs, demurrage fees, salaries and port expenses. Add a comment Add a comment

Ethiopia earned over 2.2 billion USD from export of different products during the last nine months, the Ministry of Trade said. Public relation and communication affairs office head with the Ministry, Amakele Yimam told Ethiopian News Agency that the amount was secured from export of 9.63 million tons of different products to 126 countries. Amakele said the amount exceeded by 59.83 million USD that of same period last year. Add a comment Add a comment

Global Computing Solutions PLC is now awaiting agreements between Ethiopia and Djibouti to kick start operations at the Port of Djibouti, according to Bekele Gabremedhin, Chief Executive Officer (CEO) of the Location Based Service operated by Global Computing Solutions.

Among the six places selected for operations in Djibouti only one site is left to be managed and operated by GCS and the rest are to be handled by the Djiboutian side. Add a comment Add a comment

MTN Ethiopia signed a 6-million Ethiopian birr sponsorship contract with the Ethiopian Football Federation (EFF). The sponsorship agreement is aimed at supporting the national football team, the Walias, for one year period, with the a possibility of extension.

As part of the agreement, MTN Ethiopia will be a second-tier sponsor, and the exclusive value-added services (VAS) provider of the EFF. Some of the benefits of sponsoring the national team include MTN Ethiopia’s association with Ethiopian Football Federation’s products, activities and services. Add a comment Add a comment

The U.S. government has launched the Camel Milk Value Chain Development Project in Somali Regional State, Ethiopia, according to a statement the Embassy sent to Ethiopian News Agency on Thursday, the new project will support up to 50,000 small-holder livestock keepers. The project is launched as part of the U.S. President's Feed the Future Initiative in Ethiopia through the U.S. Agency for International Development (USAID).

Experts from the International Organization for Standardization (ISO) are in Addis Ababa, Ethiopia to give trainings in quality standardization.

The two day training, organized in collaboration with the Ethiopian Standard Agency (ESA), is aimed at helping Ethiopia embrace international standardization methods, Daniel Zenebe, ESA’s communication and public relations head, told WIC. Add a comment Add a comment

Boeing 787 Dreamliners will resume flights following a fix for batteries soon, Ethiopian Radio and Television Agency said quoting Boeing Company officials.

Vice President of Marketing at Boeing Commercial Airplanes, Randy J. Tinseth and Engineering Leader, 787-8 Systems Boeing Commercial Airplanes, Richard J. Horigan said here Wednesday that professionals from Boeing Company are working in collaboration with the Ethiopian Airlines to fix the batteries. Add a comment Add a comment

Ethiopian Institute of Agricultural Research (EIAR) said it is expanding biofertilizer technology in Ethiopia.

Soil and Water Research Directorate Director with Ethiopian Institute of Agricultural Research , Doctor Tolossa Debele, told Walta Information Center, the new technology would enable to double pulse production.

The new biofertilizer technology has a significant contribution in maintaining soil fertility and natural resources as well as replacing Urea fertilizer, he said.

Kanoria African Textiles PLC, a subsidiary of India based  Kanoria Chemicals & Industries, is establishing a denim fabric manufacturing factory in Ethiopia, the first of its kind in East Africa.

The company will erect the factory on a 153,000 sq m plot squired on lease in Bishoftu town of Oromia Regional State, 44 km southeast of Addis Ababa. when construction is completed in January 2014, the factory will have a capacity to produce 12 million meters of denim annually. The factory will also create 350 jobs, mainly for Ethiopians. Add a comment Add a comment

Allana Potash, a Canadian company focusing on potash asset development and several potash concessions in Ethiopia has announced last week that it has filed a complete feasibility study to the Ethiopian Ministry of Mines in a bid to acquire a mining license.

The Environmental, Social and Health Impact Assessment report, which comprises the mining license application is also in the final approval stage and the company is expecting a decision by the end of this month, according a press statement released on the Company's official website. Add a comment Add a comment