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Engine manufacturing plant found in Tigray State of Ethiopia is said to launch trial production of engines. Such was disclosed by Major Assefa Yohannes, General Manager of the Ethiopian Power Engineering Industry.

Ethiopian Roads Authority (ERA) disclosed the construction of Akaki-IT Park (Goro) and Akaki-Lebu asphalt roads has been completed. The roads will connect Ethiopia’s capital with Addis-Adama Expressway.

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.