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In the aim of expanding the implementation of public-private partnerships (PPP), Ethiopia’s government is drafting a legal as well as policy framework.

Ethiopia generated more than 1.7 billion USD in the first 6 months of the current fiscal year. The announcement was made by the Ministry of Culture and Tourism.

According to Public Relations and International Affairs Director at the Ministry, Gezahegn Abate, explained the revenue was collected from 470,000 tourists that visited Ethiopia during the period.

Ministry of Culture and Tourism conducted rating for hotels in Tigray Region, Northern Ethiopia. Gezahegn Abate, Public and International Relations Director at the Ministry, explained 8 out of 34 hotels were rated by the Ministry.

10 hotels were ineligible for the rating since they had problems regarding their license, Gezahegn explained.

Construction of 4 tunnels which are part of Meqele-Woldeya-Hara Gebeyehu railway line commenced, Ethiopian Railways Corporation (ERC) noted. Upon completion the railway line will have 8 tunnels.

Ethiopian Roads Authority (ERA) concluded 5.7 billion Birr agreement for the upgrade and administration of Neqemte – Bure Road of Ethiopia.

The agreement is concluded for the upgrade of the 257 kilometers gravel road to asphalt road. The agreement also includes administering and maintaining the road once the upgrade is done.

The World Bank inked 33 million USD loan with Ethiopia.

The loan agreement was signed by Ahmed Shide, State Minister of Finance and Economic Cooperation, on Ethiopia’s part and Carolyn Turk, World Bank Country Director for Ethiopia, Sudan and South Sudan, on the bank’s behalf.

Memorandum of Understanding is signed between Ethiopia and China to start the construction of Adama Equipment Manufacturing Industrial Park.

The MoU was signed when Dr. Arkebe Equbay, Special Adviser to the Prime Minister, visited Hunan Province in China leading a delegation team.

Ethiopia’s capital Addis Ababa is going to build bus rapid transit line for the first time in history. The Addis Ababa Road and Transport Bureau concluded an agreement with 3 contractors that will design the work and construct the lines.

The Bureau contracted with SAFEGE SA, French company and two local contractors.

New corporation dubbed Ethiopian Agricultural Works Corporation was established with a capital of 2.4 billion Birr.

The corporation was established after joining five enterprises; Ethiopian Seed, Natural Gum Processing and Marketing, Agricultural Inputs Supply, Agricultural Mechanization Service and Agricultural Equipment and Technical Service enterprises.

Kefyalew Berhanu, Chief Executive Officer of the Corporation, said establishing the Corporation had important contribution to modernize the agricultural sector.

Source: Fana Broadcasting Corporate

Omani Products Exhibition (OPEX-2016) is going to be held in Addis Ababa, Ethiopia, by mid April. This is the first time the exhibition is being hosted outside of the Middle East.

100 Omani companies, who invested in agro industry, food, building materials and other sectors, will take part in the exhibition.