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The Ethiopian President Mulatu Teshome and his Chinese counterpart Xi Jinping held talks on Wednesday, July 9, 2014 and agreed to boost the cooperation the two nations have.

Multilateral Investment Guarantee Agency’s (MIGA) Vice President and Chief Operating Officer, Michel Wormser, is visiting Ethiopia from July 8 to July 11, 2014. According to the press release by MIGA, the visit is to underscores the Agency’s continued support to Ethiopia’s development goals via private investment.

The Ethiopian Aviation Enterprise (EAE) is looking for bidders to construct the Hawassa Airport.

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.