2merkato

The Ethio-Luxembourg business discourse began at the Hilton Hotel on February 4, 2016 with an opening speech by the Ethiopian State Minister of Foreign Affairs, Mr. Regassa Kefale, Fana Broadcasting reported.

The Bahir Dar City Trade and Industry Bureau stated that investors engaged in different areas of the industry sector had a registered capital of about 1.8 billion birr, Walta Information Center Reported.

Kenya’s Electricity Transmission Company stated that the import of cheap electricity from Ethiopia had progressed highly with the plan of constructing high voltage lines commencing in May, Fana Broadcasting Corporate reported.

Ethiopia signed an agreement with the African Development Bank (ADB) for the loan of 327 million dollars to be used for the supply of potable water and other basic infrastructures, Walta Information reported.