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Ethiopian Cargo and Logistic Services, Africa’s largest network cargo operator and multi-award winner has been once again crowned with ‘2019 Best Cargo Airline–Africa’ Award at the Air Cargo News Awards in London,UK.

Ethiopia-Sudan Business Forum, aimed at reinforcing business relations between the two countries, is underway in Addis Ababa. The two-day forum, which started yesterday, will conclude today.

The Ethiopian Investment Commission (EIC) signed memoranda of understanding (MoUs) with four Chinese companies on the margins of the Belt and Road Forum (BRF) in Beijing, China.

Ethiopia and China signed a $1.8 billion investment agreement. The agreement covers provision of electric power transmission and distribution lines. The signing of the agreement came following Ethiopian Prime Minister Abiy Ahmed meeting officials of State Grid Corporation of China in Beijing. On Ethiopia's part, Ahmed Shide, Minister of Finance and Economic Cooperation inked the agreement.

Ethiopian Airlines announced that it has finalized all preparations to launch a thrice weekly flight to Marseille, France as of July 02, 2019.

A business delegation from Golden Africa, led by Managing Director Fouad Hayel, has met and discussed with Fetlework Gebregziabher, Ethiopian Minister of Trade.

Commercial Bank of Ethiopia (CBE), the largest bank in East Africa, announced that its total deposit has now reached 504 billion birr. The bank made the announcement during its nine-month performance evaluation session held in the city of Adama, April 19 to 20, 2019.

Ethiopian Prime Minister Abiy Ahmed has met with the privatization advisory council in order to “evaluate updates on the privatization process,” the Office of the Prime Minister announced.

The Ethiopian Ministry of Mines and Petroleum said it is finalizing a first-ever petroleum policy that will be used for the coming fifteen years. Beginning with exploration of petroleum, to importing petroleum and its consumption at the national level, the policy puts forward general directions.

The Ethiopian Ministry of Revenues signed a $7.5 million grant agreement with the Korea International Cooperation Agency (KOICA).

Adanech Abebe, Minister of the Ministry of Revenues, and Kim Su Jin, Director of KOICA, inked the agreement.