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Ministry of Trade disclosed Ethiopia has finalized works to join the Eastern and Southern African Common Market (COMESA) free market area.

On Thursday, August 28, 2014 Prime Minster Haile Mariam Desalegn held talks with delegates from Italy, composed of representatives from 25 huge companies and government officials. He discussed with the delegates on investment and trade.

The first of the 41 trams Ethiopia ordered from China for the two-line network that is being constructed in Addis Ababa, were revealed on Tuesday, August 26, 2014 at CNR Changchun’s plant in China.

The second shipment of wheat, purchased by the Ethiopian government from Ukraine, is expected to reach the Port of Djibouti by the beginning of September. The total amount of the wheat is two Million Quintals.

From Wednesday August, 27, 2014 to Friday August, 29, 2014 Ethiopia’s capital, Addis Ababa, is going to host a seminar which intends to open economic opportunities for women entrepreneurs in Africa.

Development Bank of Ethiopia (DBE) disclosed it has extended over 5.5 Billion Birr for 350 projects in the just ended fiscal year.

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.