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Africa Oil, a Canadian oil company, is going to collect seismic data in Arba Minch, Ethiopia, at a new oil exploration block.

Ethiopia’s Central Statistics Agency (CSA) revealed the nation’s inflation rate fell from 8.7 to 8.5 percent in the year.This is attributed to the slowing rise in food prices.

Agricultural inputs that are worth 8.5 Billion Birr are being distributed in Ethiopia by Agricultural Input Supply Enterprise (AISE). The inputs are being distributed for the 2006/2007 crop season.

According to Canadian Ambassador to Ethiopia, David Usher, investors from his country with a total capital of CAD $ 367 Million have managed to secure license in order to work in Ethiopia.

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.