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The departing Saudi Arabia’s Ambassador to Ethiopia Abdulbaqi Ahmed Ajlan expressed the growing interest of Saudi investors to do business in Ethiopia when he took leave of Ethiopian President Mulatu Teshome yesterday, on May 21, 2015, Ethiopian News Agency reported.

Yara Dallol BV, a subsidiary of Yara International proposed to the Ministry of Mines (MoI) two weeks ago for a large-scale mining license for potash mineral deposit in the Dallol Depression, Afar Regional State, according to The Reporter.

Ethiopia’s capital Addis Ababa is to host the third international conference on financing development in July, according to Ethiopian News Agency.

Addis Ababa, 18 May 2015 (WIC) - 829 projects registered in 10.5 billion EB capitals licensed in the past nine months Tigray Regional State Urban Development and Construction Industry Office said.

After the completion of the first phase of the project, the factory started grinding sugarcane a week ago, Kessem Sugar Factory Development Project said.

Ethiopian Power Engineering Industry (EPEI) that operates under Metals and Engineering Corporation (METEC) unveiled its plan on Sunday, May 17, 2015 to export Ethiopian made transformers to neighboring countries within short period of time, Ethiopian Herald reported.

Awash Melkasa Aluminum Sulphate & Sulfuric Acid S.C. is to commence production of hydrogen peroxide in June 2015 with an investment of Birr 234 million, according to Addis Fortune.

Castel Winery Ethiopia is enlarging its farmland with the value of Euros 100 million to boost production of grapes, Capital reported.

Henok Teferra, Vice President for Corporate Strategy Communications and Alliances at Ethiopian Airlines is to take over from the outgoing CEO of ASKY, Yissehak Zewoldi, The Reporter reported.

Ethiopia’s first herbicide factory, which is owned by Adame Tulu Pesticide Processing S.C, is to commence production, on June 2015, Addis Fortune reported.