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Ethiopia: Codeshare Agreement Concluded between Ethiopian and Austrian Airlines

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Published on 05 June 2014
Category: Latest Business Alerts

Ethiopian Airlines and Austria Airlines concluded a codeshare partnership agreement effective since Monday, June 2, 2014, Walta Information Center reported.

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Ethiopia: Assela Malt Factory to Import Barely because of Shortages

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Published on 04 June 2014
Category: Latest Business Alerts

The first Ethiopian malt factory, Assela Malt Factory, management team has decided to import 260,000 Quintals of barely at an estimated cost of 275.2 Million Birr. The company is waiting for the approval of the board of directors to execute the decision.

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Velocity Apparel to Establish Textile Factory in Ethiopia

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Published on 04 June 2014
Category: Latest Business Alerts

A Middle East based textile company, Velocity Apparel PLC, is set to establish an integrated garment factory in Mekele city. The factory is said to cost US$ 80 Million.

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Ethiopia: Ethio-South Africa Forum Opened

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Published on 04 June 2014
Category: Latest Business Alerts

Ethio-South Africa Investment and Business Forum was opened on Tuesday, June 3, 2014 here in Addis Ababa, Ethiopia, Walta Information Center reported. The event will remain open for three days. 25 representatives of South African companies from the sectors of education, health, infrastructure, manufacturing and agro-processing are attending discussions on possible cooperation in trade and investment.

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Ethiopian to Inaugurate Aviation Academy Expansion Works

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Published on 03 June 2014
Category: Latest Business Alerts

Ethiopian Airlines will inaugurate its aviation academy expansion work next month. The expansion work was done at the cost of US$ 55 Million, according to The Reporter. The expansion work include a newly built multipurpose building that has classrooms, dormitories, library, IT center and cafeterias.

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Ethiopia: Investment Proclamation Amendment Bill Tabled

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Published on 03 June 2014
Category: Latest Business Alerts

An amendment for the Ethiopian Investment Proclamation was sent to the House of Peoples’ representative s for discussion, Capital reported.

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Ethiopian-Turkey Trade and Investment Forum Took Place

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Published on 03 June 2014
Category: Latest Business Alerts

The Ethiopian-Turkey Trade and Investment Forum took place in Addis Ababa on Friday, May 30, 2014 at the Prime Minister Office. The Forum brought Turkish businesses and high level Ethiopian Official on the same table for discussions.

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World Bank Approved US$ 200 Million Loan to Ethiopia to Develop Geothermal Energy

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Published on 03 June 2014
Category: Latest Business Alerts

World Bank’s Board of Directors approved a US$ 200 Million loan to Ethiopia on Thursday, May 29, 2014. The loan is extended to develop Ethiopia’s potential geothermal sites at Aluto and Alaloband sites, in the rift valley of the Afar State.Two of World Bank’s trust funds, International Developmental Association (IDA) and Scaling Up Renewal Energy Program (SREP), are expected to finance the loan.

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Ethiopia: Aleta Land Group to Open Trans-Border Coffee Shop in Asia

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Published on 03 June 2014
Category: Latest Business Alerts

Aleta Land Coffee, an Ethiopian coffee firm, announced plan to open trans-border coffee shop in Asia beginning from the next year, according to The Reporter.

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Ethiopia: A Fertilizer Blending Plant Inaugurated

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Published on 03 June 2014
Category: Latest Business Alerts

A fertilizer blending plant built at a cost of 31 Million Birr was inaugurated on Sunday. The plant is located in the Oromia State Tulu Bulo town, Ethiopia.

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