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Ethiopia’s Head of State, President Mulatu Teshome (PhD), awarded 10 exporters that brought more than 150 million USD from the export of pulses, oil seeds and spices.

Ethiopia’s President Mulatu Teshome held a discussion on October 6, 2015, with Chinese trade delegation leader Professor Yang Jiemian in Addis Ababa, Ethiopian News Agency reported.

Ethiopia’s progress towards World Trade Organization membership has been a slow and costly process said Geremew Ayalew, Director of Foreign Trade Relation and Negotiation Directorate, with Ministry of Trade. The accession process is taking time and is costing Ethiopia a lot explained Geremew.

The Ethiopian team responsible for the accession process has prepared responses to the third round of questions presented by member states of WTO according to Geremew. The round consists of an estimated 134 questions primarily dealing with economic issues he said.

The New York and London based Fitch Rating projected Ethiopia’s economic performance for the coming year. Fitch in its report underlined the increasing debt risks from public enterprises.

Ethiopia is experiencing a surge in urbanization, with the number of recognized cities climbing to 2,543, up from fewer than 1,000 just a decade ago, according to new data from the Ministry of Urban and Infrastructure.