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Ethiopia and Portugal signed a double taxation avoidance and the prevention of fiscal evasion agreement on Saturday, May 25, 2013 in Addis Ababa.

Finance and Economic State Minister Ahmed Shide and Secretary of State of Foreign Affairs and Cooperation of Portugal, Francisco Xavier signed the agreement. The agreement is aimed at removing the burden of double taxation which will serve as a vehicle to promote,investment, transfer of knowledge, skill and technology. Add a comment Add a comment

The China Import Export Bank (EXIM) signed a loan agreement of nearly USD 3 billion with Ethiopia and Djibouti on May 22, 2013 to finance  the construction of the 756km long Addis Ababa-Djibouti railway project.

The loan agreement also covers the 100km railway project that extends from the Ethiopian border with Djibouti to the Port of Dorrale. Add a comment Add a comment

Ethiopia has earned USD 229 million from the export of manufactured goods in the last ten months of the current Ethiopian Fiscal Year, exceeding the amount earned the same period last year by more than 4.2 percent, according to the Ministry of Industry.

Public Relations Directorate Director Melaku Taye told Walta Information Center that the revenue was earned through the exports of textiles and clothes, leather and leather products, agro-processing, Pharmaceuticals and chemical products  to different countries. Add a comment Add a comment

Ethio Life & General Insurance to introduce new micro-insurance product called "Women Specific Group Credit Life Insurance".

During the launch this month, the insurance company will hand certificate of insurance to 52 Women's saving and credit cooperatives organized under the organization, Women in Self Employment. Add a comment Add a comment