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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.

The newly established Public Service Employees Transport Service Enterprise (PSETSE), disclosed it is going to start trial transportation service from Monday, September 15, 2014 using over 50 buses. The Enterprise was established last year intending to render free
transportation service for civil servants.

Delonex Energy Limited, a UK based oil and gas exploration company, is granted an exploration license by the Ethiopian Government to make exploration in the Abred-Ferfer area, Somali State.

Inaugurating the new Humbo-Arbaminch Road, Prime Minister Hailem Mariam Desalegn noted the road will boost the investment taking place in the area.

InterContinental Hotels Group (IHG) concluded a management agreement with an Ethiopian company, Tsemex Business Plc, for the purpose of developing Crowne Plaza Addis Ababa. This is said to represent the IHG’s entry to Ethiopia.

Sri Mulyani Indrawati, World Bank’s Managing Director and Chief Operating Officer, is going to be in Ethiopia for a three days visit starting from Sunday, September 14, 2014.