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TVA and Sanu, both Chinese manufacturing companies, have concluded preparations to construct equipment manufacturing plants in the Horn of Africa nation, Ethiopia. The companies are opening the factories to meet the ever growing demand.

Sheger express busses are expected to commence service on Friday, May 27, 2016 for residents of Ethiopia’s capital.

Ethiopia Roads Authority concluded agreements worth a total of 2.8 billion Birr with 4 different companies for projects found in 4 different states. 3 of the parties to the contracts are local firms while 1 is a foreign firm.

Report by Central Statistics Agency (CSA) disclosed agricultural raw material import of Ethiopia shows an increase of 67 percent. The report also showed 90 percent of pharmaceutical products in the market are imported.

Tourism sector of Ethiopia missed its target for the first 9 months of the current fiscal year by only generating 2.7 billion USD from 712,111 tourist.

Ministry of Trade of Ethiopia disclosed it will increase Addis Ababa’s wheat flour and sugar supply as the demand for food items keeps on rising.

Ethiopia’s earning from the leather export has declined, Ethiopian Leather Industry Development Institute (LIDI) disclosed.

Ethiopian Airlines, the fastest growing and the largest African airline, is pleased to announce that it has won the African Aviation ‘African Airline of the Year’ Award for 2016 during the 25th Anniversary African Aviation Air Finance Africa Conference & Exhibition and African Aviation Summit held on May 11, 2016 in Johannesburg, South Africa.

Ethiopian Airlines, the fastest growing and the largest African airline, is pleased to announce that it will start thrice weekly services to Istanbul with the latest B737-800 New Generation with Sky Interior, as of its Winter schedule.

The World Bank Board of Executive Directors approved a 200 million USD International Development Association (IDA)* credit to support the growth and development of Small and Medium Enterprises (SMEs) in Ethiopia.