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Ethio-Sudan business forum is being held in Addis Ababa, Ethiopia. The forum is expected to boost the economic ties between the 2 East African nations.

Trade mission from the United Kingdom arrived in Ethiopia’s capital, Addis Ababa, on May 10, 2016 for a 3 days visit. The visit is organized following the success of UK-Ethiopia Trade and Investment Forum held in London a year ago.

Hailemariam Desalegn, Prime Minister of Ethiopia, traveled to Rwanda on May 10, 2016 to take part in World Economic Forum on Africa 2016.

Ethiopian Electric Power (EEP) disclosed it will undertake expansion work in 3 cities of Amhara State; Bahir Dar, Kombolcha and Woldia. The expansion work is estimated to cost 2 billion Birr.

9 months report of Ethiopia’s export takes further decline both in meeting targets and comparison to last fiscal year’s performance. The report, which is expected to be presented to the House of Peoples’ Representative (HPR) by the Ministry of Trade (MoT), reveals export earnings from agriculture, manufacturing and mining sectors have declined.

Ethiopia has prepared a draft law which will amend the existing income tax proclamation, Fana Broadcasting Corporate reported.

Ethiopia will receive 120 million USD loan from Export-Import (EXIM) Bank of China for the expansion project of Addis Ababa Bole International Airport passenger terminal.

Teachers in Ethiopia’s capital, Addis Ababa, will be able to get free transport service from the city busses starting from May 9, 2016. The teachers will be able to get the service upon presenting identification Cards that will be given to them.

2 Chinese construction firms signed agreements with Ethiopian Industrial Parks Development Corporation (EIPDC) for the construction of industrial parks in Ethiopia. As per the agreement the construction companies, China Civil Engineering Construction Cooperation (CCECC) and China Communications Construction Company (CCCC), will be building industrial parks at Meklle and Kombolcha cities at an outlay of 250 million USD.

32 companies’ mineral exploration and production license has been revoked by Ministry of Mines, Petroleum and Natural Gas (MMPNG) of Ethiopia. The licenses are revoked for lack of financial capacity and for failing to fulfill duties.