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Poly-GCL, Chinese company which is engaged in natural gas development project in the Ogaden basin, eastern part of Ethiopia had launched gas well drilling in the Calub gas field on October 6, 2015.

Gilgel Gibe III, one of Ethiopia’s grand hydroelectric power generation projects, had started power generation on October 10, 2015, according to Fana Broadcasting Corporate (FBC).

(The following statement was released by the rating agency) PARIS/LONDON, October 09 (Fitch) Fitch Ratings has affirmed Ethiopia's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B'. The Outlooks are Stable.

The Ethiopian Commodity Exchange (ECX) inaugurated eTRADE Platform on Thursday, October 8, 2015, capable of trading 5000 times more transaction than its current “Open-Out-Cry” or “Pit-Trading” platform capacity, The Daily Monitor reported.

The United Arab Emirates (UAE), Ethiopia’s largest meat export destination had lifted a ban it imposed on all meat imports from Ethiopia.

Ethiopian Airlines, the largest, fastest growing and most profitable airline in Africa, is pleased to announce that it has won CAPA Airline of the Year Award, one of the top airline awards, at the 2015 CAPA Aviation Awards for Excellence, held on 7 October, 2015 in Helsinki as part of CAPA’s 2015 World Aviation Summit.

New Zealand Milk Products Ethiopia S.C., a business enterprise owned by Fonterra and Ethiopia’s Faffa Foods said it plans to export its products in two years.

Egypt’s Arab Contractors Company is to inaugurate its first project in Ethiopia soon, said Mohamed Edriss, Assistant Foreign Minister for African Affairs on October 5, 2015.

The sixth edition of International Construction Equipments and Technology Exhibition will be held from October 9 to 12, 2015, in Addis Ababa, Ethiopia, The Daily Monitor reported.

The Central Statistics Agency said Ethiopia’s inflation rate had peaked to 11.9 percent as compared to last year in September from 11.6 percent, becuase of a rise in food items.