The World Bank and Addis Ababa University (AAU) signed assistance agreement amounting to five million birr on Monday, 2 December, 2013, Ethiopian News Agency reported.
AAU President Dr Admasu Tsegaye and World Bank Ethiopia Country Director Guang Chen signed the agreement.
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Saudi-Ethiopian billionaire, Mohammed Al Amoudi, the largest foreign investor in Ethiopia, is planning to build two more cement plants in Ethiopia, Bloomberg reported.
The Ethiopian Ministry of Mines (MoM) signed a petroleum production sharing agreement (PPSA) with Poly GCL Petroleum Investment Ltd., a Chinese based company, Fortune reported.
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Nib International Bank (NIB) reported 286.3 million birr profit after tax for fiscal year 2012/13, Fortune reported. NIB has also reported 147 birr of earning per share for the reported period.
The Ethiopian House of People's Representatives approved the US$320 million loan agreement between the Ethiopian government and the Chinese Export-Import (EXIM) Bank to finance the Addis-Adama expressway On Thursday 28, November 2013, The Reporter reported.
