2merkato

The 6th hotel show Africa was inaugurated in Addis Ababa, Ethiopia on Thursday. The hotel show is aimed at connecting domestic and global travel market players and hotel operators.

Ethiopian Toll Road Enterprise said it had collected more than ETB 225 million revenue from Addis-Adama expressway, an expressway which was constructed with ETB 11 billion.

A press release by the US Embassy in Ethiopia on 20 June 2018

U.S. Secretary of Commerce Wilbur Ross announced today that he will lead a delegation from the President’s Advisory Council on Doing Business in Africa (PAC-DBIA) on a fact-finding mission to Ghana later this month. Under Secretary of Commerce for International Trade Gilbert Kaplan will head the delegation on stops in Ethiopia, Kenya and Côte D’Ivoire as well as accompany Secretary Ross in Ghana. These visits provide an opportunity for the delegation to gather insight into market opportunities and challenges faced by U.S. businesses in these fast-growing economies. The PAC-DBIA will use this information to provide President Trump with reliable and actionable recommendations to deepen commercial relationships in these countries.

France Development Agency (AFD) agreed to grant Ethiopia 18 million Euros in two separate agreements. The first agreement, a 10 million Euros grant, will be used for urban institutional and infrastructure development program (UIIDP), a program which is co-financed by the World Bank and the government of Ethiopia. The UIIDP is targeted at enhancing the capacity and performance of local urban governments.