2merkato

The Butajira Fruit Nursery and Training Center, Ethiopia blended imported species with local ones producing short trees that are ready for harvest within three years. Avocado species and technology were imported from Israel through financing from the United States Agency for International Development (USAID).

The blended species is resistant to disease, bears fruit annually for an estimated fort years and bears fruit that is uniform and softer than local types said Amerga Menji Manager of the Nursery.

The Ethiopian Federal Transport Authority (FTA) started implementing a new regulation which classify transport companies into five categories, Fortune reported.

The classification will be based on the capacities of the transport companies and is intended to create a transparent and modern administrative system, according to Fortune.

Petroleum and Energy Authority announced a major shift in fuel trading, opening it up to all banks in the country. This move comes in response to customer and bank complaints regarding limited payment options.

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.