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The International Labour Organization (ILO) recently launched a program to encourage and endorse decent work and inclusive industrialization in Ethiopia. The initial focus of the program is on textile and clothing industry.

A US-Ethiopia business dialogue forum has opened in Addis Ababa Ethiopia, at the Sheraton Addis.

Ethiopian Cargo and Logistics Services, the Largest Cargo Operator in Africa, now connects Chongqing, the largest municipality in Southwest China with Africa and South America with a weekly cargo flight as of 26 June 2019, the airlines announced in a press release yesterday.

Ethiopia's Tigrai regional state disclosed plans to sell shares in three of the companies under the umbrella of the conglomerate, the Endowment Fund for the Rehabilitation of Tigray (EFFORT). The three companies whose shares will be offered for sale are Mesebo Cement factory, SUR Construction, and Trans Ethiopia, all private limited companies.

Industry and Investment Bureau of Amhara region disclosed that investors from Hong Kong will take over the Bahir Dar Industrial Park.

Ethiopia’s parliament, the House of People’s Representatives, approved a budget of 386.9 billion birr, which is close to $13.37 billion, for the fiscal year 2019/2020.

Ethiopia’s Ministry of Agriculture announced that the Dire Dawa fertilizer plant in Eastern Ethiopia, which will soon go operational, will be instrumental in fulfilling Ethiopia’s increasing demand for fertilizers upon its completion in two years. The construction of the fertilizer plant went into full action in the year 2017 with a total expected cost of $3.7 billion.

Two multinational mobile companies will obtain telecom licenses to operate in Ethiopia, a senior government official announced. This is the first detailed announcement of the government’s plans for opening one of the world’s last major closed telecom markets.

The 2019 edition of Africa’s top hotel conference, Africa Hotel Investment Forum (AHIF), will be held in September in Addis Ababa, Ethiopia. AHIF is the premier hotel investment conference in Africa, attracting many prominent international hotel owners, investors, financiers, management companies and their advisers, according to a statement from the organizer, Bench Events.

Chinese investors from the city of Kunshan, located in the Jiangsu province of China, are to build an industrial park solely for textile production in the Ethiopian city of Dire Dawa. The project will cost some half billion USD.