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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.

Ethiopian airlines, the leading African carrier is pleased to announce that its Group CEO Mr. Tewolde GebreMariam has been re-appointed to the IATA (International Air Transport Association) Board of Governors for a three year-term at the 72nd IATA Annual General Meeting (AGM) held in Dublin, Ireland.

One of Ethiopia’s public enterprises, Ethiopian Mineral, Petroleum and Biofuel Corporation (EMPBC), has gone operational after being established with a capital of 15 billion Birr.

KEFI Minerals (AIM: KEFI), the gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, announces that the previously preferred Engineering, Procurement and Construction (“EPC”) contractor has been replaced with marke tleader Lycopodium Ltd resulting in better proposed financial terms and an unchanged timetable.

Ethiopia’s Council of Ministers proposed 274 billion Birr budget for the coming fiscal year, 2016/2017.

Ethiopia’s Ministry of Finance and Economic Cooperation (MoFEC) disclosed a draft amendment bill for the income tax regime.

The World Bank Board of Executive Directors today approved a 300 million USD International Development Association (IDA) credit to improve mobility along selected corridors in Addis Ababa and the effectiveness of road safety compliance systems throughout Ethiopia.

Ethiopia inaugurated new international airport which it dubbed Kebri Dehar International Airport and built in Somali State at an outlay of 500 million Birr.

Ethiopia earned 80 million USD from the export of mutton and chevon in the past 10 months of the current fiscal year. Such was disclosed by Ethiopian Meat Producer-Exporters Association (EMPEA).