2merkato

Ethiopia’s nominal GDP for the current year is expected to reach 906 billion birr in the current year based on projections of 10% real GDP growth and 16% deflator according to the mid-year macroeconomic review undertaken by Access Capital.

The potential for growth in the period is positive with a normal and above normal rainfall recorded by the Ethiopian Meteorological Agency for most crop growing parts of the country during the main rainy season noted the report.

Continued investment in large scale infrastructure and strong Foreign Direct Investment flow into the country in addition to by and large optimistic activities in the service sector all contribute to economic expansion it said.

Klatch Coffee Inc, specialty coffee roaster in Southern California was awarded with a Good Food Award Gold seal for its Ethiopian Gedo Worka coffee. The coffee bean from Ethiopia is known for its distinct and diverse flavors.

The award in the coffee category of the Good Food Award was presented by a panel of thirteen well regarded coffee experts at an event held in San Francisco last week.

The Good Food Awards are intended to honor drink and food producers committed to creating authentic, tasty and responsible food systems honoring farmers and producers.

It is expected that Ethiopia’s geo-thermal project, the 70 MW Aluto Lango, will cost 270 million US dollars. The project is funded by the World Bank and development agencies from France, Germany and Japan.

The project is currently producing 7.3 MW and is expected to be finalized by 2015.

The Ethiopian government aims to utilize renewable energy sources such as wind, sugar, ethanol as well as hydro power to meet the nation’s energy needs, by 2025.

The Ethiopian Geological Survey is set to enhance the country’s geological mapping coverage to 80 percent by 2015. Tolossa Shagi Moti, State Minister of Mines,said at a stakeholders’ consultative meeting, held on 5 July 2013 at the Ghion Hotel, Addis Ababa, Ethiopia.

Under the five year Growth and Transformation Plan, the Ethiopian Geological Survey will increase the
coverages of gravity survey, hydro-geological mapping and engineering geology.

Ethiopian Airlines Group, Africa's largest airline, has been honored with gold award for the volume of cargo transported to and from Guangdong Airport in 2020, the Airline stated in a statement sent to 2merkato.com. Logistics of Guangdong Airport Authority Co. Ltd. has awarded Ethiopian as the Gold Award winner of International Airlines Cargo Volume during the 2021 Logistics of Guangdong Airport Authority Client Seminar, held in Guangzhou.