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Southern Nations Nationalities and Peoples’ State (SNNP) Culture and Tourism Bureau disclosed the state has been visited by more than 1 million tourists from abroad as well as Ethiopia in the just concluded fiscal year.

Metal Engineering Industry Development Institute disclosed the demand for electronics and engineering products made in Ethiopia is increasing to which in response the country has been expanding its market. The Institute earned 22.7 million USD by exporting products to the USA, Africa, Europe and Asia.

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.