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Redwan Hussein, Head of Government Communication Affairs Office (GCAO), disclosed the Ethiopian government will not make a significant devaluation to birr against the major currencies.

YeGojo Ekub disclosed it has temporarily stopped registering members for it needed a guarantee to collect the monthly membership fees.

East Africa Bottling Share Company disclosed it is will make an investment greater than U.S $ 250 Million in Ethiopia during the next five years for the purpose of increasing the company’s capacity.

Commercial Bank of Ethiopia (CBE) awarded Impact Technologies Plc a 75.2 Million Birr contract for the supply of 4,267 cash counter machines. The tender was floated in January 2014 and it was for the supply of three different kinds of cash counters.

For its campuses in the Amhara State capital, Bahir Dar University (BDU) is looking for local as well as international firms that can hire for what it calls Conceptual Campus Masterplan Design. The masterplan is needed for the central cluster of the University’s campuses.

Addis Ababa is going to host the African Green Revolution Forum (AGRF 2014) which will be held from Tuesday, September 2, 2014 to Thursday, September 4, 2014.

The Turkish based company, Ahmet Aydeniz Construction Company, showed its intent to invest in Ethiopia.

Ethiopia’s capital, Addis Ababa, is going to be presented with 20 multi-story parking garages for the purpose of addressing the increasing traffic congestion and parking problem the city is facing.

All banks operating in Ethiopia are going to have a national payment system that grants them an integrated system of automated teller machines (ATM).

Ethiopia will expect a 25 percent climb from its arabica coffee export earnings in the 2014/2015 fiscal year, taking it to about U.S $ 900 Million. This is, according to Bloomberg, because of the higher price forecasted to happen following the drought damaged plants in Brazil.