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Ethiopia expects it coffee to hit a record high during the current fiscal year when it comes to the export of the commodity. This is said to be attributable to the drought and diseases hitted crops in Latin America.

An Italian garment manufacturer, Calzedonia, is set to make investments in Ethiopia and is expected to open its first branch by next year in Tigray State, Mekele City.

LG-KOICA Hope TVET College has finished its preparation to provide trainings in the areas of IT (Hardware and Network Servicing) and Electronics which contains two streams of Home and office Equipment servicing and Electronic and multimedia communication servicing. In each training stream the departments only accepted 25 qualified trainees so recently the college has a total of 75 students based on the criteria set by Addis Ababa TVET Agency and the entrance exam set by the college.

In two weeks time Raya Brewery S.C. is going to start testing its factory aiming to start producing beer by the end of December.

For the purpose of maintaining and managing the newly being built Addis Ababa Light Rail Project, Ethiopian Railways Corporation concluded USD 106 Million deals with two Chinese firms; China Railways Group and Shengen Meter Group.

Ethiopia’s executive organ concluded an aggregate of USD 176.87 Million loan and grant with the World Bank (WB) and the African Development Bank (ADB).

The Turkish Construction company, Yapi Merkezi, concluded a USD 3.4 Million deal with Palfinger Sany Mobile Cranes for the supply of cranes and concrete equipment for its 389 kilometer railway project in Ethiopia.

Ethiopian Water Works Construction Enterprise is going to establish a water engineering training institute at an out lay of 200 Million Birr.

Mulatu Lemlemayehu, a former captain of Ethiopian Airlines and owner of Dreamliner Hotel, is setting up a pilot training school as well as a new airline at the cost of 57 Million Birr. The airline has been dubbed East African Aviation.

During an annual award held at the Kuala Lumpur International Airport (KLIA) Ethiopian Airlines, Ethiopia’s flag carrier, was voted as the Best Airline of the Year from Africa by the KLIA.