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Ethiopian Roads Authority (ERA) concluded contracts worth 5.4 billion Birr for the construction of roads in different states of Ethiopia. The agreements were signed on June 1, 2016 and all the projects are going to be carried out by local construction companies.

In the aim of boosting investment cooperation and establishing industrial parks, Ethiopia and 2 companies from Jiangsu Province, China, signed Memorandum of Understandings (MoUs) on June 1, 2015.

Ethiopia’s Ministry of Mines, Petroleum and Natural Gas (MoMPNG) disclosed the country will start producing metal in 2 years time.

Chinese officials led by Secretory General of Jiangsu Province, Lou Zhijun, will start an official visit to Ethiopia starting from June 2, 2016.

26 taxi associations in Ethiopia have agreed with 4 automotive companies to purchase new vehicles at the cost of around 150,000 USD.

National Bank of Ethiopia (NBE) approved Yewondessen Eteefa for the Chief Executive Officer (CEO) position of Ethiopia Reinsurance.

Ministry of Culture and Tourism (MoCT) disclosed Ethiopia has earned 2.6 billion USD from tourism in the first 9 months of the current fiscal year.

The 2 Horn of Africa nations, Ethiopia and Sudan, agreed to implement cooperation projects which includes establishing economic zones and free markets among the 2 countries.

Naoh Real Estate disclosed it will inaugurate Best Western Hotel in 6 weeks time. The hotel was built after Great Abyssinia PLC, Mother Company of Noah, signed agreements with Best Western International Inn back in 2014 for the construction of 2 hotels in Ethiopia.

Kia Motors decided to build training centers for mechanics in 2 East African countries, Ethiopia and Kenya. The centers are said to be built in order to contribute for the countries’ economies by offering education to the youth. They are also expected to contribute to job creation and boost economies of Ethiopia and Kenya.