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Commercial Bank of Ethiopia (CBE) disclosed it has made 42.8 billion Birr of net profits in the GTP I period, 116 percent beyond its initial target, according to Capital.

Ethiopia is constructing modern engine factory that can produce different types of engines, Tigrai Online reported.

National Oil Ethiopia (NOC) launched an e-card system for all its services to reduce paper money transaction, Ethiopian News Agency reported.

Debre Birhan Town Administration said it has licensed investors with 12 billion Birr capital in the last three years.

The Ethiopian Road Construction Corporation (ERCC) disclosed on August 27, 2015 that it is to undertake construction and maintenance of over 14,000 kilometers of roads in 2015/16 fiscal year.

Ethiopian Sugar Corporation and Ursus, Polish Company inked a deal worth USD 30.6 for deliveries of tractors, trailers and spare parts which will serve for sugar cane transportation, The Daily Monitor reported.

Faffa Foods of Ethiopia in partnership with dairy giant Fronterra is to commence processing and packing Fronterra’s Anchor powdered milk in Ethiopia by September 2015, according to Addis Fortune.

Nigeria’s Dangote Cement inked deals with China’s Sinoma International Engineering Co. worth USD 4.34 billion on Wednesday, August 26, 2015, to construct cement plants in African countries, Reuters reported.

Ethio-Djibouti railway which links Ethiopia and Djibouti will be open for traffic starting from early 2016, according to the head of Ethiopian Railways.

The Ethiopian Revenue and Customs Authority said it is preparing a draft regulation on options tax payers should take when cash register machine stops giving service as a result of technical problems or close their businesses.