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Oromia State, Ethiopia, revoked licenses given to 218 investors and association which are accused of undertaking illegal mining practices.

Ethiopia extended an offer for Israeli investors to take part in the second Growth and Transformation Plan (GTP II) period, which will see the construction of 2.4 million new apartments. Out of the 2.4 million, 900,000 of them are planned to be constructed in the capital city, Addis Ababa. The government also plans to build 8 new industrial parks within the five years.

Ethiopian Airlines is introducing a great new program that will give passengers the option to bid for an upgrade from Economy Class to Cloud Nine (Business class). Using “Upgrade to Cloud Nine”, customers who have a valid Ethiopian Economy class ticket can make an individual bid for an upgrade to Business Class. Passengers who win the bid will be able to enjoy the benefits of our Cloud Nine services on selected routes. And if our passengers aren’t successful in their bid, then they will retain their economy class ticket!

Ethiopia’s flag carrier, Ethiopian Airlines, plans to expand its long distance flight network during the current year. The expansion program will see destinations to Asia and North America included in the airline’s routes.

Dashen Bank along with American Express Card launched Ethiopia’s first American Express debit card for the bank’s clients. The bank will be giving 2 types of debit cards; Gold and Green cards.

Qatari delegation team of investors led by Former Prime Minister, Sheikh Hamad bin Jassim bin Jaber Al Thani, paid visit to Ethiopia and met with Ethiopia’s Premier, Hailemariam Desalegn.

During their meeting, Ethiopia’s Premier extended an offer for the investors to invest in Ethiopia. “Ethiopia wants Qatari investors to engage in a number of investment sectors. We have plenty and huge investment potentials,” Hailemariam said.

Oromia State of Ethiopia plans to create more than 800 thousand job opportunities with an investment of 2.4 billion Birr. The job opportunities are said to be created in the coming months of the current fiscal year.

The project aims to engage the youth in manufacturing, mechanized agriculture, construction, and mining. In order to achieve this, 200 tractors, 1,400 water pumps and 101 crushers have been prepared.

During the last 8 months of the current fiscal year, Ethiopia earned about 123 million USD, which is equivalent to 2.6 billion Birr, from the sale of electricity both for the local market and international market.

While presenting to the House of Peoples’ Representative, Motuma Mekassa, Minister for Water, Irrigation and Electricity, said “the Ethiopian Electric Service in general has collected a total of 2.6 billion birr in eight months, achieving 82 per cent of its target.”

Ethiopian Airlines, the fastest growing airline in Africa, is pleased to announce that it will commence scheduled thrice weekly flights to New York-Newark from Addis Ababa on 03 July 2016, via Lomé, Togo.

The Ethiopian Revenue and Customs Authority announced tax payers in Ethiopia woul be able to make their payment online starting from the next budget year.