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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.

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

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.

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.

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.