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Ahmed Abtew, Minister of Industry, disclosed the aim by Ethiopia for the current fiscal regarding the manufacturing sector is to get U.S. $ 2.2 Billion.

The United Arab Emirates (UAE) based, Al Ghurair Group, is going to set up an aluminum factory in joint venture with Tracon Trading Plc at an outlay of U.S. $ 50 Million here in Ethiopia.

Ethiopian Airlines announced it has won the Passenger Choice Awards as the “Best Airline in Africa” at the APEX 2014 EXPO. The Airline won the award second time in a row.

Commercial Bank of Ethiopia awarded Computer Business Machines (CBM), a Lebanese IT vendor, a contract for the supply and installation of 200 Automatic Teller Machines (ATM). The ATMs are said to be worth 51 Million Birr.

Abay Insurance Company S.C. has been awarded to be the insurer of Amhara National Regional State’s (ANRS) 873 vehicles for two years. According to Fortune, the annual premium is going to be 5.4 Million Birr.

Two Chinese construction companies are awarded two road construction contracts worth five Billion Birr by the Ethiopian Roads Authority (ERA). The roads to be constructed are in Eastern and Southern Ethiopia.

The first expressway in Ethiopia, Addis Ababa – Adama Expressway, was opened for traffic on Sunday, September 14, 2014.

Tsehay Real Estate disclosed it will start selling apartments beginning from Monday, September 15, 2014. The apartments’ are 70 percent completed and their price tags range from 16,000 Birr to 28,000 Birr per square meters.

The last Ethiopian budget year witnessed, export of cement to neighboring countries earning the Ethiopia a total of U.S. $ 9.5 Million.

Negusu Gebregziabher, President of Lion International Bank S.C. (LIB), resigned from his post. He is the third bank president to resign from his post in the last two weeks.