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World Bank has approved a $250-million supplemental financing to Ethiopia on Wednesday. The financing, approved by the Bank's Board of Executive Directors, is part of Ethiopia's second and ongoing Growth and Competitiveness Programmatic Development Policy Financing. Half of the amount, $125 million, is in grants, while the remaining half is a loan.

The South Korean company SK Forest Co. announced on Wednesday it is teaming up with the Korea Forest Service to establish a sustainable coffee farm in Ethiopia.

Helios Towers is considering a move into Ethiopia's telecom market, the companies CFO Tom Greenwold told Bloomberg. The CFO said Ethiopia is "a highly attractive market" to Helios to the extent that it had already approached possible partners to discuss a move into the market."

Julphar Ethiopia (Gulf Pharmaceutical PLC) announced that they have been working to up their production of hand sanitizer and other essential medicines in wake of the coronavirus pandemic, which is showing a surge in recent weeks in Ethiopia.

Various infrastructure projects with a total worth of over $139.7 million (4.8 billion birr) have been completed and are set to be inaugurated in Ethiopia's Oromia region, the communications bureau of the region announced.

Peter Ndegwa, Safaricom CEO, has confirmed that Safaricom has put in a bid for one of the two telecom licenses Ethiopia has made available. 

A new bottled water factory, Africa Water, has started production in Ethiopia. The locally-owned joint venture company is founded with a capital of 700 million birr, and has started producing natural water.

Mastercard Foundation has announced it is partnering with a consortium of eleven small and middle enterprises (SMEs) in Ethiopia to enable them to manufacture personal protective equipment (PPE) to combat the coronavirus pandemic as the spread of the virus spikes recently in Ethiopia.

Ethiopian Roads Authority (ERA) signed road construction agreements to construct fifteen roads worth 25.8 billion birr. The agreements were signed with eleven firms, local and Chinese on Thursday.

Ethiopian Ministry of Revenues announced it has collected $534.2 million (18.35 billion birr) during the month of May 2020.