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Sunrise Engineering and Machinery Manufacturing PLC, Turkish-based Company engaged in the manufacturing and distribution of transformers seeks to expand its production capacity, The Reporter reported.

Germany’s Application and Products in Data Processing (SAP), one of the giant software companies in the world, said it seeks to expand its business in Ethiopia on August 7, 2015.

KEFI Minerals Ltd, the UK mining company is set to construct a large-scale gold processing plant in Western Wollega, Tulu Kapi, according to The Reporter.

Thirty-eight hotels in Addis Ababa were awarded five to one star, in the rating going on for the last few months in association with the Ministry of Culture and World Tourism Organization.

Two new private flower firms from India and the third from Netherlands have lately joined the Ethiopian flower market, according to Ethiopian Horticulture Agency.

The Federal Transport Authority (FTA) is implementing the directive that urges cab owners in Addis Ababa to form share companies and import duty free vehicles that will replace blue and white taxis by registering 2, 700 cab owners.

Awarding ceremony for winners of Fourth National ICT Innovation Competition was held yesterday, August 6, 2015, Ethiopian News Agency reported.

Canada and Canadian Council on Africa (CCAfrica) signed a Memorandum of Understanding on July 30, 2015, in Montreal, Canada to help strengthen the contribution of the Canadian private sector to sustainable economic growth in Africa.

Ethiopian Airport Enterprises (EAE) has collected one billion Birr in revenue in the last budget year from the services it delivers, Addis Fortune reported.

Ethiopia’s inflation rate has further surged to 11.9 percent in July, according to The Daily Monitor.