Ethiopia released the Interim Report on Poverty for 2010-11 last week. The Household Income Consumption and Expenditure Survey for 2010-11 showed that the poverty head count in Ethiopia is 29.6%
The proportion of poor people as established by this survey showed a significant decline from 2004-05 when the index was 38.7%.
Poverty rate has decreased in both rural and urban areas, with a more marked decline in urban areas according to the data analysis.
Ethiopia has renewed its flight agreements with seven countries, Ethiopian News Agency reported.
The CEO of Ethiopian Shipping and Logistic Services Enterprise, Roba Megersa, said the enterprise was renovating dry ports including Kombolcha, Mekelle, and Semera ports, with a view to lodging import-export commodities which pass right through Assab and Massawa ports.
The Ministry of Mines announced that Ethiopia has fully replaced imported coal previously used by cement, steel, ceramic and other factories with domestically produced coal, a move expected to reduce foreign exchange pressure and stabilize industrial supply chains.
Ethiopia substituted imports worth USD 4.85 billion with locally produced goods during the first nine months of the current fiscal period, according to Industry Minister Melaku Alebel.
