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Bombardier Transport concluded a contract with Yapi Merkezi, the Turkish construction company working on design and construction of Ethiopia’s 400 Kilometers Awash-Weldia line, to supply the mainline signalling solution for the project. The agreement concluded between the two is worth approximately U.S. $ 45 Million.

According to a research that came out on Tuesday, October 07, 2014 revealed Ethiopia has the potential to earn U.S. $ 5 Billion every year from the mining sector.

Ministry of Trade (MoT) announced the retail price for petroleum products is going to stay the same for the month of October.

Ethiopian Commodity Exchange (ECX) got coffee laboratory equipment as a grant from the United States Agency for International Development (USAID). The grant was given to ECX in order to boost the coffee quality inspection and grading system of ECX’s laboratories.

Ministry of Trade (MoT) disclosed it is planning to earn U.S. $ 2.51 Billion from the export of non-manufactured or agricultural products. This forecast is 16.6 percent higher than what the nation targeted for the past fiscal year.

In quest for joining the international capital market, Ethiopia is going to start issuing international bond by the end of this year. The move is the first of its kind by the nation.

Topcon Corporation, a Japan manufacturer, concluded a contract with Ultimate Motors Plc, entitling the later to serve as its agent in the Ethiopian market.

Central Statistics Agency (CSA) disclosed it is compiling statistical data for Growth and Transformation Plan II (GTP).

East African Bottling Company is going to introduce brand bottled water, Dasani, to the Ethiopian market.

Two local contractors concluded a 2.2 Billion Birr road projects with Ethiopian Roads Authority (ERA) on Saturday, October 4, 2014.