2merkato

The Ethiopian Electric Power Corporation is requiring all factories in Ethiopia to install devices that guarantee efficient use of power.

The efficiency devices are expected to adjust the difference between real power and apparent power in the use of electricity to a ratio of one.

The Metal and Engineering Corporation will produce the devices known as power factor correctors. The efficiency devices will be made available to all factories eventually on a one year interest free credit arrangement according to Miskir Negash Head of Public relations EEPCo.

Ethiopian farmers in the regions of Amhara and Oromia are preparing to export avocados to the international market. 447 farmers in the Amhara region, as well as several others in the Oromia region, are prepared to export high-quality avocadoes, it has been learned.

Abyssinian Flight School, Ethiopia is to merge with a US company internationally recognized in the sector according to Solomon Gizaw, managing director of the Ethiopian Flight School. An initial investment capital of 10-20 million US dollars is proposed.

The venture will become operational with the construction of dormitories and the set up of high technology simulators said Solomon.

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,”.

Ethiopian flower exporters are considering entering the Russian flower market directly. Exporters were not able to access the large Russian market because Ethiopian Airlines does not offer flights to Moscow according to sources.

Currently Ethiopian flowers are exported to the Netherlands with the Netherlanders exporting to Russia under their own tag.

Ethiopian Airlines, the Ministry of Transport, the Ministry of Foreign Affairs, and the Ethiopian Airlines are working to facilitate the processes to launch cargo flights to Moscow said Endashaw Yigezu, Head of Air Transport and Planning at a consultative meeting held by the Ethiopian Civil Aviation Authority.