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Brown Shoe Company, a US based footwear producer, is going to establish an office in Ethiopia for the purpose of buying domestic footwear products which it will export.

Ethiopian Commodity Exchange (ECX) announced it is going to launch commodity traceability and online trading projects during the current fiscal year.

The state owned Commercial Bank of Ethiopia (CBE) is on the final stage of its research to open branches in Washington DC, Dubai, South Africa and Djibouti.

Addis Ababa Transport Branch Office of the Federal Transport Authority announced the 13 minibus taxi owners associations will be reorganized to form two share companies for the purpose of replacing the city minibuses to midi buses.

In efforts to shift from farming and become a hub for textile and other industries Ethiopia will start setting up a new industrial park in the coming September and expand existing ones at a total cost of U.S $ 250 Million.

The budget for the next fiscal year was approved by the House of Peoples’ Representatives on Monday, July 7, 2014 to be 178.5 Billion Birr.

Ethiopian Railway Corporation announced by January 2015 the Addis Ababa rail ways system will go operational.

Ethiopia’s legislative organ at the Federal level, House of People Representatives (HPR), has passed the law that establishes Infrastructure Development Coordinating Institute. The Institute is said to coordinate at the federal level infrastructure development works being carried out.

During discussing with local investors Prime Minister Haile Mariam Desalegn noted there is enough loan available to investors that are willing to invest in the manufacturing sector. The discussion was held on Wednesday, July 2, 2014 in Addis Ababa.

United Arab Emirates (UAE) companies were called by President Mulatu Teshome to utilize the investment opportunity Ethiopia offers.