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Mines, Petroleum and Natural Gas Minister disclosed Ethiopia aims at more than 770 million USD from the mining sector. Such was disclosed by the State Minister for the Ministry, Tewodros Gebre Egziabher.

Japan Tobacco International paid 510 million USD for the purchase it made for the 40 percent stake it acquired in the National Tobacco Enterprise (NTE). The payment was made for Ethiopia’s government on July 15, 2016.

Ethiopia’s Information Network Security Agency (INSA) disclosed it has commenced an integrated cyber-security solution for banks. The system is said to protect banks from cyber-attacks.

The Chinese telecom company ZTE concluded installation work for 1,234 kilometers of optical ground wire, also known as OPGW lines, in Ethiopia. The contract for the installation, which was worth 37 million USD, was signed on May 2013 between the Chinese telecom giant and Ethiopian Electric Power.

The African Development Bank has approved a USD 104 million loan to the Government of Ethiopia for a project which will sustainably extend power to industries, small businesses to enhance job creation and improve access to basic services in the country’s Tigray and Afar regions.

The New York and London based Fitch Rating projected Ethiopia’s economic performance for the coming year. Fitch in its report underlined the increasing debt risks from public enterprises.

Ethiopian Revenue and Customs Authority (ERCA) collected more than 22 billion Birr from Ethiopia’s capital, Addis Ababa, in the just concluded fiscal year. The authority collected the revenue as tax.

Ethiopian airlines has signed a memorandum of understanding (MoU) with Aerosud Holdings, a prominent South African Aerospace Manufacturing company, at a ceremony held at Ethiopian Headquarters on July 15, 2016.

Africa’s first and the most technologically advanced aircraft Airbus A350 XWB dubbed “Semien Mountains”, will grace the skies of Douala, Cameroon and Malabo, Equatorial Guinea on 17th of July, 2016.

The Arab Bank for Economic Development in Africa have signed on Wednesday 13th of July 2016 at its headquarters in Khartoum, a Loan Agreement with the Federal Democratic Republic of Ethiopia, so as to contribute to the financing of Hamusit – Estie Road Upgrading Project.