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Ethiopia and Nigeria have concluded agreement through their authorities to deepen relationship in areas of trade and investment, tourism and agriculture.

East Africa Bottling S.C. announced it is going to replace two of its production lines which are found in Addis Ababa at a cost of U.S $ 30 Million.

Ethiopia’s first ever oil blending plant will commence production on Tuesday, June 24, 2014. The plant is erected by Naztech Petroleum Investment Group at the city of Galan in the Oromia State.

Ministry of Foreign Affairs announced a medical zone is going to be established by Ethiopian North American Health Professionals Association (ENAHPA).

Ministry of Foreign Affairs announced Ethiopia’s Embassy to Turkey conducted an investment forum at Kony, an industrial city of the country, with Turkish business tycoons.

Ethiopia is planning to earn U.S $ 47.48 Million during the holy fasting Ramadan month, from the export of meat and animals. The export destinations are said to be the Middle East countries.

United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report, which was released on Wednesday, June 24, 2014, has shown Foreign Direct Investment (FDI) which flowed to Ethiopia by the year 2013 has reached U.S $ 953 Million. The report is dubbed ‘Investing in the Sustainable Development Goals’.

Ministry of Mines has announced it is working on a new bill that will force mining companies to become more transparent.

Messebo Cement Factory is working to shift its energy source from coal and electricity to biomass.

Chemicals and Construction Materials Development Institute announced two more cement factories will commence production in four months time. The factories are Ethio Cement and Dangote.