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Agreement for “the Project for improvement of Axle Load Control on Truck” was signed between Japanese Ambassador, H.E. Mr. Kazuhiro Suzuki, and State Minister of Finance and Economic Development of Ethiopia, H.E. Ato Ahmed Shide, for a total amount of one hundred million Birr (USD 5 million).

International Finance Cooperation (IFC), member of the World Bank Group, disclosed it will loan 90 million Euros to Afriflora Group, a large-scale rose grower and distributor based in Ethiopia.

According to the statement issued, IFC said the funding for Afriflora is targeted to increase production by 60 percent, install water recycling systems and increase employment up to 50 percent.

The assistance is significant for Ethiopia’s horticulture sector by enhancing export capacity and increase employment opportunity, said German Vegarra, IFC Head of manufacturing, agribusiness and services in Africa.

Afriflora Group, which is founded in 2004, is a manufacturer and marketer of cut-rose products with a large scale production farm based in Ethiopia. The company’s main growing facility is situated in Ziway, Ethiopia. It is one of the largest single rose growing facilities in the world.

Source: Ethiopian News Agency

Dangote Cement, a newly built cement plant in Ethiopia, which is owned by Dangote Group, is to commence production next month, Ethiopian News Agency reported.

 Ministry of Finance and Economic Development of Ethiopia (MOFED) signs a credit facility agreement worth 50 million Euros (approximately 1.07 billion Birr) with French Development Agency on Thursday, April 16, 2015 at its office.

Ethiopian Roads Authority (ERA) has signed contracts with three companies for road constructions in various parts of Ethiopia, here in Addis on April 15, 2015 at its head office. ERA’s acting director, Sisay Bekele signed contracts with China Railway Seventh Group Limited Company, China's First High Way Engineering Limited Company and Ethiopia’s Defense Construction Enterprise.

Jacobs Engineering SA (JESA), says it will host the first international symposium, “Engineering Symposium for Africa” under the theme “Engineering and Innovative Technologies for Sustainable Development” in Marrakesh, Morocco next month.

TAP, Portugal’s leading airline and Ethiopian Airlines, the largest African airline, both Members of Star Alliance, have signed a code-share agreement and will be soon introducing code-share services between Portugal and Ethiopia.

Nathan Associates Inc., an American Company which has been entrusted with the exhaustive study of Ethiopia’s logistics performance and logistics strategy has submitted the final report of its study.

Initial customs agreement had been signed between the UAE Federal Customs Authority (FCA) and Ethiopian Revenues and Custom Authority (ERCA) for mutual technical support concerning custom related issues, The Daily Monitor reported.

Ethiopia, besides Kenya and Tanzania, will develop into the flagship of China Africa Cooperation, said Chinese Official.