Hibret Manufacturing and Machine Building Industry disclosed in the just ended fiscal year it managed to save the nation 1.5 Billion Birr in foreign currency by producing machines here in Ethiopia.
Infinix Ethiopia has signed a Memorandum of Understanding (MoU) with Addis Ababa Tegbare Id Polytechnic College to strengthen collaboration between industry and academia through student internships, teacher training, and technology-based skill development programs.
The annual inflation rate in Ethiopia fell to 32% in January following a slow down in food price increases according to the Central Statistics Agency.
The inflation rate for the month of January dropped from 35.9% in December following the drop in annual food inflation to 41.4% from 46.7% in December said the report from the agency.
Non food inflation also showed a decrease from 21.8 percent in December to 19.2% in January noted the Agency.
The inflation rate in Ethiopia is expected to decrease to less than 10% by November according to Ethiopian Prime Minister Meles Zenawi.
It is expected that the inflation rate will continue to decrease according to the trend seen in March and is projected to reach single digits by November said Meles.
The annual inflation rate in Ethiopia slowed to 32.5% in March from 35.3% in February according to the Central Statistics Agency.
Annual inflation rate in Ethiopia fell to 35.9% in December following a decline in some food costs reported the Ethiopian Central Statistical Agency.
Prices increased by 1.7% during December with food prices climbing by just 0.2% due to a decrease in the price of some pulses and cereals said the Agency.
