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Sufian Ahmed, Minister for Finance and Economic Development presented Ethiopia’s 2014/2015 budget bill on Monday, June 9, 2014 to the House of Peoples’ Representatives (HPR) suggesting the fiscal year’s budget to be 178.6 Billion Birr. After the presentation the House sent the bill for further examination to the House’s Finance and Budget Affairs Standing Committee.

Ethiopia’s only crocodile farm announced it will start exporting crocodile meat in the coming year to Asian countries.

Southwest Technologies and its partners announced on Tuesday, May 3, 2014 they are ready to launch a data center in Ethiopia. The data center is expected to make Ethiopia the IT hub for Central Africa, according to The Reporter.

A group of Chinese companies and businessmen are conducting discussions with a British consultancy firm over huge investments in Ethiopia. It was earlier this year in May the business delegation came to Ethiopia and paid a visit to the nation.

State Minister of Foreign Affairs Dawano Kedir said that Ethiopia is open to Foreign Direct Investment (FDI) during a visit by a South African business delegation.

The seventh ICT Exhibition, Bazaar and Conference was opened on Thursday, June 5, 2014, under the theme of “ICT for Ethiopian Renaissance”. The event is taking place at the Exhibition Center and it is going to last for five days.

Ethiopian Ministry of Foreign Affairs announced participants to the Ethio- Japan Agro Business Seminar have agreed to form joint venture in the areas of food and agro business.

The seminar was attended by more than 115 Japanese and Ethiopian companies engaged in agro business, flower and sesame production.

Export of Ethiopian agricultural products to the Japanese market have showed progress in the past few years, according to the Ethiopian News Agency.

Tana Communication PLC and Samsung Electronics East Africa inaugurating Samsung’s first printer assembly plant in Africa last Monday.

During the inaugural ceremony Tana’s CEO, Sium Adugna, said that in addition to creating job opportunities plant will facilitate Ethiopia’s efforts in transfer of knowledge and technology.

The two day US-Africa Energy Ministerial Meeting concluded yesterday emphasizing on private sector involvement, new approach for rural electrification, energy efficiency and how to continue working with Obama Power Initiative.

Ethiopia’s Council of Ministers has proposed the Federal government’s budget for the 2014/2015 fiscal year to be 178.6 Billion Birr, Ethiopian News Agency reported.