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May Real Estate announced it will inaugurate its apartment complex built around Kazanchis, Addis Ababa, Ethiopia. May built three blocks of condominiums that have 115 apartments. The complex is close to the United Nations Economic Commission for Africa (UNECA).

Ethiopia Intellectual Property Office (EIPO) has signed a Memorandum of Understanding with its Chinese counterpart, State Intellectual Property Office of the Peoples’ Republic of China (SIPO), The Ethiopian Herald reported.

Flinstone Engineering is ready to launch a program that is new to the Ethiopian real estate industry; build small scale production center, Capital Reported. The program is expected to be launched on May 17, 2014 for interested buyers.

The manufacturing building is going to be around the Gotera area and the building is going to be erected on a 1100 square meters area. The building is to be built within three years, and according to Flinstone.

The Ethiopian President, Mulatu Teshome, discussed with Rashad Al-Shawa, President of Mai Resources International (Switzerland) AG, on ways of exporting water from Ethiopia to Kuwait.

Ethiopian Insurers Association members have agreed to establish their own reinsurance firm. The decision by the association is made after the promulgation of a new directive, Directive No. SBB/1/2014, by the National Bank of Ethiopia to allow the formation of reinsurance companies in Ethiopia.

Kuriftu Resort and Spa will inaugurate in two months time its new 15 Million Birr lakeside restaurant, Fortune reported. The restaurant is built on the shores of Lake Tana and on the left of the main Kuriftu Resort.

The Ethiopian government is to exert pressure on mining companies following the dropping of gold’s price in the international market. The government is planning to force both local and international companies that are engaged in exploring gold to start production.

A new airport was built in Jimma Town by the Ethiopian Airports Enterprise, The Reporter reported The airport was built at a cost of 490 Million Birr and named after Jimma’s prominent leader Abba JIffar.

Two Ethiopian public enterprises drew bids out of the for nine state owned enterprises offered for privatization by the Privatization and Public Enterprises Supervising Agency (PPESA) on its fourth round tender for the year, Fortune reported.

Tigray Resources Inc., a Canadian mining firm working in Ethiopia has announced that it has found gold and copper in the Tigray State, according to The Reporter. The company said it found the minerals on its second phase drilling and after it completed a 1117 meters drilling.