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The Addis Ababa Housing Construction Project (AAHCP) has completed the construction of more than twenty thousand condominium housing units in different parts of the City.The city administration has already transfered keys to beneficiaries of the project.

Ethiopia signed two loan agreements worth USD 25 million with the Arab Bank for Economic Development in Africa (BADEA) and the Saudi Fund for Development (SFD) this past Thursday. Ethiopia and Saudi Arabia has also signed double taxation avoidance agreement with the Kingdom of Saudi Arabia on the same date. Add a comment Add a comment

Ethiopian farmers cooperatives are supplying maize to the United Nations World Food Program, according to the announcement made by the WFP. The amount to be supplied is enough to support more than a million people for a month.

World Food Program has concluded futures  contract with 16 farmers cooperative unions for the purchase of over 28,000 metric ton of maize the previous year. The first deliveries on those contracts began arriving at WFP warehouses last week. The maize supplied will be used for the World Food Program emergency relief operations.

Abyssinia Ballooning, Ethiopia’s first hot air balloon company is planning to start flying from Debre Zeit, Awassa and Bahir Dar soon in addition to its Addis Ababa flight. Abyssinia Ballooning is set to keep building its balloon fleet and expects its second-passenger balloon before the end of 2013.

In February 2012, the innovative recreational company made its first flight over Addis Ababa. Since the beginning of Abyssinia Ballooning’s operation, more than 30 balloon flights have followed and over 300 Ethiopians and foreigners have enjoyed ballooning in Ethiopia.