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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32 companies’ mineral exploration and production license has been revoked by Ministry of Mines, Petroleum and Natural Gas (MMPNG) of Ethiopia.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.

Year on year inflation rate of Ethiopia has dropped to 7.4 percent in April from 7.5 percent in March.

National Bank of Ethiopia (NBE) disclosed aggregate capital of banks in Ethiopia has increase by 19 percent during the 2014/2015 fiscal year.

In the aim of increasing Ethiopia’s benefit from tea and coffee, Ethiopian Coffee and Tea Development and Marketing Authority is re-established. The re-establishment took place following the promulgation of a proclamation in December.

Addis Credit and Saving Institution (ACSI) disclosed it extended 1.4 billion Birr loan in the first 9 months of the current fiscal year.

Ethiopia will start the construction of 4 industrial parks late this month. The announcement was made by Board Chairman of Ethiopian Industrial Parks Development Corporation, Arkebe Equbay (Dr.).

Tigray State of Ethiopia disclosed it collected 2.6 billion Birr in the first 9 months of the current fiscal year. The money was collected from tax and non-tax revenues.