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Council of Ministers approves 223.3 billion Birr Ethiopia’s budget for the coming fiscal year and referred the draft bill to the House of Peoples’ Representatives (HPR) for ratification, the Capital reported.

Real estate construction project is going to be launched in Addis Ababa, Ethiopia with four billion Birr capital, according to Ethiopian News Agency.

Ethiopia has become the eighth largest recipient of Foreign Direct Investment (FDI) in the year 2014 in Africa, according to the new Ernst and Young (EY) attractiveness survey on Africa.

Ethiopian Commodity Exchange (ECX) is to compact the current ten levels of coffee quality grading to five levels to simplify coffee quality identification, Capital reported.

National Airways, a private airline in Ethiopia has brought two new Beech 1900D aircrafts from United States, The Reporter reported.

Akilo Dangote’s proposal to acquire exploration license for potash mineral in Afar Regional State, Ethiopia is approved by Ministry of Mines, according to The Reporter.

Peniel Cork Factory built with 120 million Birr capital is inaugurated on June 6, 2015, according to Ethiopian News Agency.

Ethiopia’s inflation rate rose to 9.4 percent compared with last year in May from 9.3 percent the previous month, said Central Statistics Agency on Thursday, June 4, 2015.

Dangote, East Africa’s biggest cement plant was inaugurated by Ethiopian Prime Minister Hailemariam Desalegne on May 28, 2015, according to Ethiopian News Agency.

Moody’s report on the credit analysis of Ethiopia on Friday, May 29, 2015 reads that Ethiopia’s favorable growth and debt burden prospects and low debt burden supported its B1 rating, MoFA reported.