2merkato

The importance of standards to Ethiopian business was underscored at the celebration of the the World Standards 2011. Standards play a very important role in technology transfer according to the Ethiopian Standards Agency (ESA). The role standards play is especially important to enable developing countries like Ethiopia to benefit from new technologies said Almaz Kahsay ESA, Director General.

Standards will also help promote trust between clients and the business community while reinforcing national and international regulations to establish a fair trade system according to Almaz. Standards also help to ensure fair and convenient circulation of products and services internationally, she said at a press conference to mark the Work Standards Day 2011.

The Ethiopian Agricultural Corporation announced that it generated more than USD 1.64 million in revenue from the export of incense products during the completed 2024/25 fiscal year.

The Ethiopian Agricultural Research Institute said it will introduce new improved wheat varieties to farmers, Ethiopian News Agency reported.

After visiting model farms growing improved wheat varieties in Gurage Zone of South Ethiopia Peoples' State, Crop Research Director with the Institute, Dr Asnake Fikire said, the new varieties produce high yield while resisting diseases and drought.

The Ethiopian Air Lines posted a record net profit of 2.03 billion Ethiopian birr in the concluded 2012/13 fiscal year. This year's profit is 178 percent higher than the 734 million birr profit reported in the previous fiscal year.

According to  unaudited report made public at a press briefing on Thursday August 29, 2013, at Hilton Hotel, the Airline's operating profit has increased to 2.7 billion birr, a 165 percent growth.

The International Air Transport Association’s (IATA) latest study on the importance of air transport and tourism to Ethiopia revealed that the sustained prioritization of air transport, connectivity and tourism as a strategic asset would support an additional 900,000 jobs and at least $9.3 billion of GDP by 2037.