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An iodized salt plant named SVS, jointly built by Ethiopian and Turkish investors, was inaugurated today in the city of Semera, Afar region of Ethiopia.

The Commercial Bank of Ethiopia (CBE), the largest commercial bank in East Africa, announced it has earned over $612.46 million (17.9 billion birr) in profit during the Ethiopian fiscal year that ended on July 7, 2019.

Ethiopia Commodity Exchange (ECX) announced that it shared its experience in modern trading systems to the officials of Mozambique Commodity Exchange and Reserve Bank of Malawi for three days, August 13 – 15, 2019.

The Ethiopian Coffee and Tea Authority disclosed plans to build a coffee park at a cost of $50 million. The park, the authority said, will play an important role in promoting Ethiopia's coffee to the global community.

An Ethiopian - Indian business forum has been held in Addis Ababa, Ethiopia, aiming to promote foreign direct investment and business-to-business linkage between Ethiopian and Indian companies, the Ethiopian Ministry of Foreign Affairs revealed.

The Ethiopian Ministry of Mines and Petroleum announced that it has issued 24 investment project licenses for exploration and licenses of minerals and petroleum. The investment projects have a combined capital close to $170 million (4.95 billion birr).

The Office of the Prime Minister held a discussion forum with the theme of economic reform yesterday, 12^th August 2019. Facilitating the discussion was Selam Teshome, a management consultant.

Ethiopian Airlines said it will start flying to Beira, a city in central Mozambique, three times a week starting September 3, 2019.

Ethiopia is set to build four more industrial parks in the recently commenced fiscal year, the Ethiopian Industrial Parks Development Corporation (IPDC) made known. IPDC made the announcement after reviewing last year’s performance of industrial parks in Ethiopia with scholars and stakeholders.

Ethiopia and Japan inked a $2.8 million grant agreement that will be used to provide medical equipment in hospitals in Addis Ababa. The grant is part of support for Ethiopia’s socio-economic development.