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Ethiopia's inflation rate for food items for the Ethiopian month of Yekatit (February 8th-March 9th) plummeted to a single digit 7.9 per cent. The overall national inflation rate also fall to 10.3 percent for the same period, according to the Ethiopian Ministry of Finance and Economic Development.

The International Finance Corporation (IFC), member of the World Bank Group is to cooperate with the Ethiopian Ministry of Trade (MoT) and Ethiopian Revenue and Customs Authority (ERCA) to help improve the country’s investment and trade environment.

The Ministry of Trade will launch an electronic business licensing and trade registration system shortly, while Ethiopian Revenue and Customs Authority will consider to revise its laws.

Avaya, a business communications solutions  provider, announced the launch of a business communications solutions company in Ethiopia on March 6, 2013, at the Sheraton Hotel.

At the launching ceremony, Avaya announced its plans of providing its next-generation business collaboration and communications solutions, unified communications, real-time video collaboration, contact centers, networking solutions and related services to companies Ethiopia. The company also has plans to expand its services in other African  countries.

Hotel Nazrawi to join the Ethiopian hospitality industry in time for the African Unions golden jubilee. The ten storey hotel, built on Gabon Avenue at a cost of 150 million birr is scheduled to be inaugurated the coming may.

Negussie Awgechew, general manager of Hotel Nazrawi said that the Hotel is has a panoramic view and offers services of a modern restaurant, a roof-top bar and fitness facilities including a spa and a morocco bath. The new hotel has 55 rooms including presidential suite and executive suite.

The Ethiopian Ministry of Communication and Information Technology (MoCIT) is planning to invest in the latest 3G LTE (long-term evolution) telecommunications networking technology.

The Ethiopian Leather Industry Development Institute and the Leather Industries Association are to give a joint press conference on the Ethiopian Leather Industry at 10 am tomorrow morning (12 March 2013) at the Institute’s hall.

The Institute will give a report of the performance and evaluation of the Leather Sector in the Ethiopian budget year of 2005. The Ethiopian Leather Industries Association will present the performance of the 6th All African Leather Fair which was held from 20 February to 22 February 2013. In addition, various current issues on the sector will be discussed.

The Institute requests all media outlets to be present in the press conference. Add a comment Add a comment

The African Import and Export Bank (African EXIM Bank) is planning to convene its annual general assembly in Addis Ababa, Ethiopia in May.
The bank's general assembly meeting will be held as a sideline event of the Diamond Jubilee of the African Union which will take place in May 2013 in 
Addis Ababa, Ethiopia.

The African Export Import Bank (the “Bank”) was established in Abuja, Nigeria, in October 1993 by African governments, African private and institutional 
investors as well as non-African financial institutions and private investors for the purpose of financing, promoting and expanding intra-African and extra- African trade. Add a comment Add a comment

Ethiopia is to host the 11^th Innovation Africa Digital Summit 2013 in Addis Ababa in partnership with ICT service provider Extensia Ltd.

The 11 Innovation Africa Digital Summit 2013 is aimed at discussing the need to create sustainable national growth and development of the African telecom and ICT sector.

In about a decade the Ethiopian flower industry has grown to become a major player in the international market. The Ethiopian flower industry has blossomed again on this years Valentine's Day.

Zelalem Messele, chairman of EHPEA, the Ethiopian Horticulture Producer Exporters Association intone the importance of Valentine's Day for the Ethiopian flower industry, "It's one of the holidays the flower industry flourishes. And the production goes up by 30 to 40 percent and so the demand,”. Add a comment Add a comment

The President of Hospitality Management Holdings, Mr. Michel Noblet visited Ethiopia on a consultative trip. Noblet was interested in exploring opportunities for HMH in his visit here it was learned.

He met with several government officials in his time here including Amin Abdulkadir, Minister of Culture and Tourism, Yonas Desta, General Director of the Authority for Research & Conservation of Cultural Heritage and United Arab Emirates Ambassdor Extraordinary in Ethiopia Dr. Yousif Eisa Hassan Al Sabri it was learned.

There tourism and hospitality sectors in Ethiopia are growing significantly and welcome external input said Abdulkadir in his meeting with Noblet. The development of human resources in this sector is a priority in which input is highly sought he added. Add a comment Add a comment