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Ethiopia’s lower house, House of Peoples’ Representatives (HPR), approved an additional budget of 18.62 billion Birr for the federal government.

Nyala Insurance S.C., one of the privately owned insurance firms in Ethiopia, declared a gross profit of 77 million Birr for 2015/2016 fiscal year. The performance is 24.2 percent lower than the preceding fiscal year.

Africa’s largest airline group, Ethiopian Airlines, is delighted to announce that it will launch seven new destinations within five months during the 2017 calendar year.  This is one of the greatest expansions in Ethiopian’s long and illustrious history.

Ethiopian Coffee and Tea Marketing Development Authority finished preparations to start electronic coffee trading in 3 cities across Ethiopia. Such is scheduled to be done the current fiscal year.

Ethiopia’s Ministry of Livestock and Fishery Development disclosed 3.47 billion liters of milk was produced and consumed in the first 6 months of current fiscal year.

Ethiopian Roads Authority (ERA) has concluded agreements worth 6.5 billion Birr with 7 different contractors. The contracts are for the construction of 8 road projects across Ethiopia.

Ethiopia’s Prime Minister, Hailemariam Dessalegn, disclosed the preliminary estimate for the harvest from Meher season to increase by 12 percent.  

Africa’s largest airline group, Ethiopian Airlines, is pleased to announce that it will add Antananarivo, Madagascar to its network as of 28 March 2017. Madagascar will join the ever expanding Ethiopian network of 95 worldwide destinations.

Ethiopia’s flag carrier, Ethiopian Airlines Group, disclosed it finalized arrangements to resume flights to the Capital of Republic of Guinea, Conakry, starting from February 1, 2017. This is expected to give the airline’s clients to be able to connect Conakry with major cities in Asia, Middle East as well as East and Southern Africa via Addis Ababa.

The 2 Horn of Africa countries, Ethiopia and Djibouti concluded a joint venture agreement on January 11, 2017 for the establishment of a company that will manage the newly built Ethio-Djibouti Railway. The agreement was signed in Djibouti as part of the agreement signed between the 2 countries before for the establishment of a joint company.