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Ethiopian Prime Minister Hailemariam Desaleng said, Ethiopia is eager to further strength ties with Kenya in the areas trade and investment, Ethiopian News Agency reported. The premier said this during his discussions on Wednesday, 31 July, 20013 with Kenyan business delegates who arrived in Addis Ababa.

He also said  it is timely to implement the special status agreement signed between Ethiopia and Kenya in 2012. The Premier further explained the need for the two countries to create strong economic ties to maximize the real benefit of investment exchange. Hailemariam also said, Ethiopia is undertaking massive infrastructure and energy development efforts as part of its commitment in the implementation of the special status agreement.  Add a comment Add a comment

Ahmed Abetew was appointed as chairman of the board of directors of the Development Bank of Ethiopia.  Ahmed, who succeeded Mekonen Manyazewal as Minister of Industry few weeks ago, will now also replace Mekonen as chairman of the state owned-bank. Mekonen’s replacement came only three weeks after his appointment. Mekonnen is also chair of the board of the country's central bank, National Bank of Ethiopia.

Previously, Ahmed was deputy administrator of the Amhara Regional State and headed the region’s Industry & Urban Development Bureau. Since 1992, he has headed several bureaus within the Amhara region, including trade, industry development and urban development bureaus, as well as the Finance & Economic Development Bureau.

Indian companies are planning to establish  opal processing plants in Ethiopia following a ban on the export of raw opal earlier this month. Until the ban was imposed 86 percent of of Indian opal was sourced from Ethiopia.

Several Indian companies have showed their interest in building opal processing plants  in Ethiopia, according to the reports of The Reporter. Add a comment Add a comment

Ethiopian Insurance Corporation is re-invite  architects for the design its new headquarters building. The building will be located in front of the Ambassador Theater.

The project was planned six years ago and the contract was awarded to Varnero, but was subsequently rejected by the board of the Ethiopian Insurance Corporation. The re-invitation for architects is due to the intention of the company to increase the height of the building and improve the standards, sources told The Reporter reported. Add a comment Add a comment