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Ethiopia’s parliament, the House of People’s Representatives, approved a budget of 386.9 billion birr, which is close to $13.37 billion, for the fiscal year 2019/2020.

Ethiopia’s Ministry of Agriculture announced that the Dire Dawa fertilizer plant in Eastern Ethiopia, which will soon go operational, will be instrumental in fulfilling Ethiopia’s increasing demand for fertilizers upon its completion in two years. The construction of the fertilizer plant went into full action in the year 2017 with a total expected cost of $3.7 billion.

Two multinational mobile companies will obtain telecom licenses to operate in Ethiopia, a senior government official announced. This is the first detailed announcement of the government’s plans for opening one of the world’s last major closed telecom markets.

The 2019 edition of Africa’s top hotel conference, Africa Hotel Investment Forum (AHIF), will be held in September in Addis Ababa, Ethiopia. AHIF is the premier hotel investment conference in Africa, attracting many prominent international hotel owners, investors, financiers, management companies and their advisers, according to a statement from the organizer, Bench Events.

Chinese investors from the city of Kunshan, located in the Jiangsu province of China, are to build an industrial park solely for textile production in the Ethiopian city of Dire Dawa. The project will cost some half billion USD.

Ethiopia’s Prime Minister Abiy Ahmed announced that Ethiopia’s economy is projected to grow by 9.2 percent for the 2011 Ethiopian fiscal year, 2018/19 G.C. The growth rate has shown a rise of 1.5 percent compared to last year.

Ethiopian Airlines Group announced the launch of its flight to Garowe, Somalia, via Bossaso, Somalia effective 15 July 2019.

Ethiopian Airlines Group has been chosen ‘Best Airline in Africa’ for the third consecutive year at the Skytrax 2019 World Airlines Awards held in Paris on 18 June 2019. Additionally, Ethiopian has won ‘Best Business Class in Africa’ and ‘Best Economy Class in Africa’ at the award ceremony, the airlines group announced in a press release.

A two-day Ethiopian-Italian business forum, which has been going on for two days in Addis Ababa, has come to a conclusion today. The forum aimed at further strengthening economic ties between Ethiopia and Italy.

Ethiopian Airlines has announced that it has finalized preparations to launch thrice weekly flight to John F. Kennedy (JFK) Airport in New York via Abidjan, as of today, June 17, 2019.