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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.

Tsehay Insurance S.C. has reported 11.6 million Birr profit after tax, a 185.7% increase from last financial year, Fortune reported. Accordingly, the company's earnings per share (EPS) have almost doubled to 32 Birr.

The Ethiopian Airlines Aviation Academy (EAAA), a full ICAO TRAINAIR Plus member and IATA authorized global training center, graduated 14 pilots, 53 Aviation Technicians, 38 Marketing Agents and 38 Cabin Crew at a ceremony held at Ethiopian Airlines Headquarters on Monday 25 January 2016.

Ethiopia earned over USD 1 billion from export trade in the past five months of this budget year, Walta Information Center reported.

Ethiopian Airlines and IOCC Consulting are now in the final stage in concluding a long-term agreement between the two companies. The initial part of the agreement was signed on 14 January 2016 by Ethiopian Airlines Group CEO Mr. Tewolde GebreMariam (left) and IOCC Consulting’s CEO Mr. Dustin Paul Wilden (right). The agreement will include a mutually beneficial business relationship regarding aviation simulators and training at Ethiopian Airlines headquarters in Addis Ababa, Ethiopia.

Tiret, an endowment fund of the Amhara National Democratic Movement, secured a major deal with the Ethiopian Industrial Input Supply Enterprise to supply one thousand tons of denim cotton, according to The Reporter.

The Legedadi ground water project built at a cost of more than 1.5 billion birr earmarked by the government of Ethiopia was inaugurated on Saturday, The Daily Monitor reported.