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Bank Hapoalim, an Israeli bank, concluded over USD 200 million deal to finance an irrigation project in Ethiopia which is being carried out by an Israeli firm called Netfim. The project is owned by a government owned sugar company.

According to Reuters, the project covers 7,000 hectares of sugar cane. Netafim has also explained it as the firm’s largest deal ever.

Wadi Group, an Egyptian business leader, aims at increase its activities in Ethiopia’s poultry sector by establishing fattening farms and other related facilities. This was announced by Tony Freiji, CEO of the Group, on Monday, March 7, 2016.

Ethiopia’s national flag carrier, Ethiopian Airlines, bagged 3.53 billion Birr profit during the 2014/2015 fiscal year. This is a 12 percent increment when compared to the airline’s previous year performance.

Ethiopian managed to secure the profit even if the continent’s air traffic has declined during the period.

Bangladesh opened an Embassy in Ethiopia’s capital Addis Ababa. This is part of the Nation's attempt to strengthen ties with African countries.

Habesha Cement S.C. floated an international bid to buy 28 million cement bags. The bid will be closed in April and the company expects to receive the first shipment by July.

During the latest shareholders’ meeting, the company announced it would start trial production in October 2016.

Gidabo Dam and Irrigation Development project, which is 79 percent complete, will be completed by June 2016, Fana Broadcasting Corporate reported.

Great Abyssinia announced it would invest more than 500 million Birr in the aim of expanding its existing production facilities of soft drinks as well as juice beverages in Ethiopia.

Ethiopian Statistics Agency (ESA) announced Ethiopia’s year-on-year inflation had declined from 10.2 percent to 8.7 percent in February.

As of the coming year, Berhanena Selam Printing Enterprise (BSPE) will be printing cheques as of the making year, making it the first of its kind in Ethiopia and twelfth from Africa. In addition to this, the enterprise will start printing passports as well as cheque personalization.

Commercial Bank of Ethiopia (CBE) announced it had bagged 2.4 billion USD in the first 6 months of the fiscal year.

The bank announced its achievement during the foreign trade and service day, ceremony to award best performing clients.