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Ethiopia and Italy signed a three-year 2013-2015) cooperation framework agreement amounting to 98.9 million Euros on 30 May, 2013, in Addis Ababa, Ethiopia. The agreement will focus on agriculture, rural development, and provision of basic services.

Finance and Economic Development State Minister Ahmed Shide and Vice Minister of Foreign Affairs of Italy Lapo Pistelli signed the agreement. Add a comment Add a comment

The Addis Ababa City Administration collected more than 176 million birr from auctioning 58 plots at the third round land lease auction.

Plots allocated for residence purpose attracted the highest bid in the latest auction round opened the past week. A 173sqm plot for residence around Ayat Real Estate area bring 12,875 Ethiopian birr per sqm.

Most of the plots auctioned in Bole sub-city fetched over 9,000 birr per sqm. The least price offered in this sub city being 8,195 birr per sqm for a 175 meter square plot of land.

Deputy Prime Minister of Ethiopia, Demeke Mekonnen  invited more Chinese investment in Ethiopia while meeting with Chinese business persons in  Beijing.

The Deputy PM was in Beijing representing African Union (AU) Chairperson Prime Minister Hailemariam Desalegn to be part of the 50th Anniversary of the Organization of African Unity/African Union,held in Beijing, China. Add a comment Add a comment

Ethiopia and Japan signed a document concerning Bilateral Offset Credit Mechanism on Monday May, 27, 2013 in Addis Ababa. Finance and Economic Development State Minister Ahmed Shide and Japanese Ambassador to Ethiopia, Hiroyuki Kishino signed the document.

The partnership is aimed at contributing to international efforts to prevent global warming by cooperating in the reduction of greenhouse gas emissions between the two countries through the mechanism.

Ahmed on signing ceremony said the document will strengthen financial and technological support to activities being carried out to reduce carbon emission and build green economy. Add a comment Add a comment