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The Ministry of Trade revised fuel prices which are to be effective as of February 6, 2016, Fortune reported.

The Ethio-Luxembourg business discourse began at the Hilton Hotel on February 4, 2016 with an opening speech by the Ethiopian State Minister of Foreign Affairs, Mr. Regassa Kefale, Fana Broadcasting reported.

The Bahir Dar City Trade and Industry Bureau stated that investors engaged in different areas of the industry sector had a registered capital of about 1.8 billion birr, Walta Information Center Reported.

Kenya’s Electricity Transmission Company stated that the import of cheap electricity from Ethiopia had progressed highly with the plan of constructing high voltage lines commencing in May, Fana Broadcasting Corporate reported.

Ethiopia signed an agreement with the African Development Bank (ADB) for the loan of 327 million dollars to be used for the supply of potable water and other basic infrastructures, Walta Information reported.

Diriba Kuma, Mayor of Addis Ababa, states that the Addis Ababa City Administration will begin constructing houses for rent to Civil Servants and Low-income Dwellers of the city in the current Ethiopian fiscal year, the Daily Monitor reported. 

The 10th U.S-Africa Business Summit organized by Corporate Council in Africa (CCA) is taking place in Addis Ababa, Ethiopia starting from Feb 1, 2016, The Ethiopian Herald reported.

The Tigray Region Urban Development, Construction and Industry Bureau provided licenses to 900 projects during the past six months, Walta Information Center reported.

The National Bank of Ethiopia (NBE) has drafted a directive which sets priorities and establishes the “first come, first served” rule which should be observed by banks when allotting foreign currency, according to The Reporter.

RwandAir, the national carrier of Rwanda, has selected Ethiopian Airlines as strategic partner, according to The Reporter.