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Central Statistics Agency of Ethiopia (CSA) disclosed year on year inflation rate has rose to 7.9 percent in month of May. According to the Agency’s report inflation rate for March was 7.4 percent.

ING Capital LLC announced that it closed a 107.5 million USD pre-delivery payment (PDP) financing for Ethiopian Airlines on May 12 in respect of Airbus A350-900 aircraft. The airline is utilizing the PDP financing to finance a portion of the pre-delivery payments which it makes to Airbus prior to the delivery of each aircraft. ING Capital is the sole lender and facility agent.

Ethiopia’s Council of Ministers decided to promote Document Authentication and Registration Office (DARO) to an agency.

Women investors in the Ethiopia’s capital, Addis Ababa, have established Women Investors’ Forum. The forum is established in the aim of solving obstacles they face.

Ethiopia International Mining Conference is scheduled to be held in Addis Ababa at the Millennium Hall from June 18 – 20, 2016. The event is said to be organized by Ethio Mining International Expo.

Ethiopian Airlines Aviation Academy (EAA), the largest and one of the most technologically advanced Aviation Learning Institutions in Africa which is recognized as ICAO Center of Excellence with full membership of ICAO TRAINAIR Plus and IATA authorized global training center, is pleased to announce that it has graduated 25 Pilots, 35 Aviation maintenance technicians, 43 Cabin Crew and 244 Commercial and Ground Service professionals at a colorful ceremony held at Ethiopian Aviation Academy on June 09, 2016.

Ethiopian Airlines, the largest African airline, in collaboration with the Boeing Company is pleased to announce that it will host ‘Africa 787 Supplier Technical Summit’ from 7-9 June 2016.

Arjo Didesa sugar factory which is found in Oromia State, Ethiopia, commenced production.

Ethiopian Electric Power (EEP) concluded an agreement with Tata Group for the installation of transmission line in the Northern part of Ethiopia. The transmission line is going to stretches 403 kilometer and is estimated to cost 106.4 million USD. The project is scheduled to be concluded in a year and a half.

South African business delegation team visiting Ethiopia, held business-to-business meeting with Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) on June 7, 2016. The meeting was focused on ways to promote business opportunities.