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The Ethiopian Revenues and customs Authority (ERCA) announced that the government invested 191 billion birr that could have been obtained from tax and duties to encourage investors in the past five years, Fana Broadcasting Corporate reported.

Ethiopian Airlines announced that it would start daily flights twice a day to Delhi as of March 26, 2016, Fana Broadcasting Corporate reported.

Ethiopia will be hosting the International Coffee Organization’s (ICO) 4th World Coffee Conference on March 6-8, 2016 and 116th International Coffee Council meeting on March 9-11, 2016 in Addis Ababa, Fana Broadcasting Corporate reported.

The United States investment in Ethiopia reached USD 4 billion. Mr. Girma Biru, Ethiopian Ambassador to the US, stated that several US companies and Ethiopians abroad contributed to this growth, Walta Information Center Reported.

The Ministry of Urban Development and Housing (MoUDH) revealed its plan to build a total of 2.4 million houses at a national level in the second Growth and Transformation Plan (GTP-II) period yesterday at a three-day national conference, Fana Broadcasting Corporate reported.

According to CEO of Ethiopian Airlines, Mr. Tewolde Gebremariam, Ethiopian Airlines is preparing to launch private jet services for passengers traveling between Addis Ababa and other African cities, the Daily Monitor reported.The Scheduled operator, which is part of the Star Alliance, is presently working on feasibility study for a new division called ET Executive. The Airlines has still not described which aircraft types it would use for the flights. The CEO further stated that jets seating between 10 and 20 passengers are expected.

Construction of a new refined petroleum pipeline, known as Horn of Africa Pipeline (HOAP), stretching over 550- Kilometers between Ethiopia and Djibouti will commence in June. The agreement for the construction of the pipeline was signed last year, The Daily Monitor reported.

The Ethiopian Investment Commission (EIC) is to revise regulations that slow down the flow of foreign direct investment (FDI) to the country and implement them soon, Walta Information Center reported.

Starwood Hotels and Resorts Worldwide, Inc declared that it would introduce its growing Four Points brand in Ethiopia with a new- build property developed by an Ethiopian company, Alemgenet Trade and Industries PLC, Walta Information Center reported.

The Ministry of Livestock and Fishery indiacted that the nation had not been benefiting from the untapped livestock and fishery resources, The Ethiopian Herald reported.