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Ethiopian Investment Commission (EIC) disclosed Ethiopia managed to attract a total of 1.2 billion USD by foreign direct investment (FDI) in the first 6 months of the current fiscal year.According to the Commissioner for EIC, Fitsum Arega, the FDI flow shows slight reduction when compared to the same period last year.

In the first 6 months of the current fiscal year, Ethiopia earned 1.6 billion USD from the tourism sector. According to Gezahegn Abate, Public and International Relations Director at the Minister of Culture and Tourism, more than 400,000 foreign tourists visited the country during the 6 months period.

Ethiopia’s lower house, House of Peoples’ Representatives (HPR), ratified loan agreement made with China Export-Import Bank (EXIM Bank of China) worth 250 million USD. The loan is going to be used for finance major infrastructure construction that will be undertaken in the country.

The state owned and the largest bank in Ethiopia, Commercial Bank of Ethiopia (CBE), disclosed its reserve capital has reached 320 billion Birr.

The fare rate for meter taxis in Ethiopia’s capital, Addis Ababa, has been set on February 8, 2017. The fares have been set by the Addis Ababa City Transport Authority to be 10 Birr per kilometer for the four-seat taxis and 13 Birr per kilometer for the seven-seat taxis.

Supporting brewing customers in emerging countries is a priority for Axéréal cooperative subsidiary Boortmalt. As part of this strategy, it is to invest in a new malting plant in Ethiopia and expand its Antwerp plant to become the world’s largest malting facility, with a capacity of 470,000 tonnes.

Ethiopian Sugar Corporation disclosed Omo Kuraz II Sugar Factory, one of the mega projects being undertaken by Ethiopia’s Government, would start trial production after 1 month.

Ethiopia’s flag carrier, Ethiopian Airlines, made a total of 54.6 billion Birr in the last fiscal year which is a 10.3 percent increase when compared to the year previous to it. Such was disclosed by the Airline’s Chief Executive Officer, Tewolde Gebremariam.

Three-wheeler assembly plant owned by Redawa Motors Industry PLC and located in Dire Dawa City, Ethiopia, is scheduled to start production in 2 months time. The assembly line is found in Dire Dawa’s Industrial Village.

Ethio-ICT Industrial Park disclosed it is preparing to increase the number of companies that operate in the park to more than 70 by July 7, 2017.