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The Minister of Industry, Mekonnen Manyazewal said, the government will concentrate on improving the capacity of foreign trade investors both in terms of quality of exports and earnings in conference organized jointly with the Ministry, Ethiopian Development Research Institute and Japan International Cooperation Agency (JICA) on Thursday.

On the half day consultative forum, the Minister said, enhancing capacity of domestic export producers is among the government’s priority areas and the government will further its incentives through coordinated support and promotion to raise quality of export produce and earnings.

Nyota Minerals announced that the Definitive Feasibility Study for its Tulu Kapi project in Ethiopia is progressing well and is still expected to be completed in next half of the year.

Nyota has submitted some technical elements of the ongoing DFS to the Ministry of Mines to support its application for a mining license according to the report.

The company said that the ongoing infill drilling program planned to convert a further 260 thousand ounces of inferred resources to the indicated category is now 90% complete.

Ethiopia has earned more than 112.1 million US dollars from the export of leather and leather products during the just ended financial year said the Leather Industry Development Institute.

The revenue obtained in this reporting period is 7.8 million US dollars more than what was earned in the previous financial year explained the press statement from the institute.

An estimated 51.5 million US dollars of the total amount of revenue earned was acquired from the export of processed leather explained the statement. 

The Addis Ababa city administration is to import ten modern street cleaning machines to help clean the streets of the Ethiopian capital.

The agency has received an offer of 37 million for the supply of the machines after floating an international tender a few months ago according to Getachew Ambaye, General Manager of the City Administration.

The administration is still in the process of evaluating the proposals he noted. The machines are expected to clean the major roads and places that are difficult for human cleaners to clean said Getachew.

Ethiopian livestock arrived in Qatar offering excellent taste and quality for the company’s clients according to Mawashi, Qatari livestock company.

Mawashi is importing stock directly from Ethiopia for the first time by air cargo as part of its aim to guarantee high standards of quality and freshness.

It is to be remembered that Ethiopia earned 213 million US dollars from the export of meat and livestock in the first ten months of the previous fiscal year according to the Ministry of Agriculture.

Ethiopia has procured pharmaceuticals and medical equipment worth more than 5 billion birr in the just ended financial year according to the Ethiopian Pharmaceuticals Fund and Supply Agency.

The purchase includes more than 300 types of medical and pharmaceutical supplies including chemical, antibiotics and equipment said Yared Yigezu, Director of Procurement Forecast and Capacity Building with the agency.

Significant medical equipment including an MRI and digital mammography are amongst the purchases in the reporting period he explained.

Enat Bank SC, Ethiopia expects to launch operations in October. The bank has already rented office space on the Bambis Road in Addis Ababa and is undertaking infrastructural work to facilitate its formal launch in October according to Fasika Kebede, President of the Bank.

The bank plans on focusing on establishing branches across Addis Ababa, with a view of solidifying its position in the sector, in the 2012-13 fiscal year explained Fasika.

The bank will open regional branches in the next fiscal year as per its program she added.

The Ethiopian Documents Authentication and Registration office has raised more than 116 million birr which is 102% of its target from public services charge announced a report prepared by the office.

The Office was able to handle more than 399 thousand cases in the just ended financial year which was 112% more than what it planned to handle in the financial year.

DARO has been able to serve 767,009 cases in the two years since it radically reformed its operating system seeing an increase of 22% in the number of cases it handled this year and a 20% increase in the revenue it raised over the last financial year it was said.

The bid tendered by the Ethiopian Privatization and Public Enterprises Supervising Agency for Ghion Hotel is expected to attract many investors.

The bid for Ghion will open on August 9th 2012 according to Wendafrash Assefa, Head of Public Relations with the EPPESA.

The auction to privatize the hotel has attracted several investors and more are expected until the final day of the bid said Wendafrash.

Ethiopia is planning to increase the number of cargo flights and destinations of its main horticultural products such as fruits, flowers and vegetables according to Haileselassie Tekie, Director General of the Ethiopian Horticulture Development Agency.

The arrangement allows exporters to manage the costs of transportation with the government subsidizing the cargo said Haileselassie Tekie.

Ethiopian Airlines expects to deploy the new B777 freighter aircraft, with the capacity to handle 105 tons to carry fruits, flowers and vegetables according to a source.