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The Ministry of Finance & Economic Cooperation (MoFEC) is ranking manufacturers by value addition for duty free benefits based on a new directive to be approved this month.

An American Mining giant named Newmont Mining Corporation, which is regarded as one of the world’s largest producers of gold is to engage in gold exploration and extraction projects in Tigray Regional State of Ethiopia.

A private equity firm focused on investment in Africa called 54 Capital has supported Ethiopia’s Addis Pharmaceutical Factory (APF) with USD 42 million, The Daily Monitor reported.

Ethiopia’s coffee exports are increasing on government incentive and support, according to a Trade Ministry official.

Anbessa City Bus Service Enterprise (ACBSE) is to undertake a reform program to offer modern and computer assisted services to its clients, according to Fana Broadcasting Corporate.

Somali Regional State of Ethiopia has inaugurated on January 5, 2016, Karemarda Sponge Factory built in Jigjiga town at a cost of 60 million Birr, Ethiopian News Agency reported.

Ministry of Youth and Sports and the Chinese State Construction Engineering Corporation LTD (CSCEC) on January 5, 2016, have inked a deal for the construction of Addis Ababa National Stadium at a cost of 2.47 billion Birr.

An Automated Teller Machines (ATMs) assembly plant, which is built in Ethiopia at a cost of 50 million Birr, has begun trial production, according to Fana Broadcasting Corporate.

Tata International, the global trading and distribution arm of diversified Tata Group, plans to enter Ethiopian market in 2016, The Daily Monitor reported.

The government of Ethiopia has floated an international tender to buy 70,000 tons of milling wheat, according to European traders.