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Ethiopian Prime Minister Hailemariam Desalegn and Sudanese President Omar al-Bashir inaugurated the electric transmission line interconnecting the two countries, Xinhua reported.

The inauguration was held on 4 November, 2013, in Geddarif State in eastern Sudan.

Samsung officially kicked off its academic programs at its new Engineering Academy in the Addis Ababa Institute of Technology (AAiT) with the first class of 60 students drawn from AAiT, Capital reported.

South Africa's Vodacom Group opened its first office in Ethiopia on Tuesday, to establish its presence in a country which have a large market but still maintains a state monopoly over its telecoms sector, Reuters reported.

Ethiopia's state owned Ethio Telecom have a rapidly growing subscribers, totaling almost 650 million last year, up from just 25 million in 2001, according to the World Bank.

Ethiopia is planning to seek a credit rating to attract more foreign investment and to balance the decline in exports, Bloomberg reported.

The Ethiopian government will pick rating companies in the coming weeks to assess the level of risk involved with investing in the country, Finance Minister Sufian Ahmed said in an interview with Bloomberg yesterday in Addis Ababa.