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Construction on the first phase of the Tendaho Sugar plant located in Afar regional state is being finalized. Over 80 percent of the construction work has already been completed, Ethiopian News Agency reported.

Abreham Berhe, the project's office manager told Ethiopian News Agency on Monday that the project includes construction of a reservoir which has a capacity to hold 1.86 billion cubic meter water and 14,000 hectares of land has be covered with sugarcane plantation, the Manager said. 

The first Hotel Show Expo-Ethiopia 2013 is scheduled to be launched on October 10, 2013 at the United Nations conference center exhibition hall in Addis Ababa, Ethiopia, Capital reported.

Kumneger Teketel, Ozzie Trading Managing Director and the founder of the Hotel Show Expo-Ethiopia, said during a press conference held on Monday, September 23 at the Radisson Blu hotel that the preparations for this expo took more than three years, and its main purpose is to create marketing linkages between stakeholders of the hospitality industry.

Krajewa Spolka Cukrowa, a polish sugar manufacturer is eyeing investment opportunities in Ethiopia. The company is interested to build a raw sugar refinery in Ethiopia, Capital reported.

The major shareholder of Krajewa Spolka Cukrowa is the government of Poland with 79.7 percent ownership. The company is the largest sugar producer in Poland supplying 39.1 percent of the country’s sugar demand. However, its supply to the European Union is 4.1 percent.

Ethiopia's Oromia International Bank has acquired the 13-storey SA building located on Africa Avenue, Bole Road. The Bank bough the building for 210 million Ethiopian birr in June 2013.

SA building, inaugurated in 2006, lies on 1,192 square meter lot and its construction was estimated to have costed 50 million, according to Fortune.