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An award ceremony was held by Horn of Africa Regional Environment Center and Network (HoA-REC&N) in Ethiopia for the “park architecture and landscape design completion” of the Koshe area rehabilitation project. The project is a joint project between the Addis Ababa City Administration and HOA-REC&N.

the World Bank’s Board of Executives has approved a US$380 Million loan to Ethiopia. The loan will be used for improving the capacity and performance of local urban governments to expand sustainable urban infrastructure and services in cities across the nation, according to a press release on the Bank's website.

Sheba Investment PLC., a Yemeni company, has made a request to acquire an additional 48 percent share of  the Ethiopia's National Tobacco Enterprise S.C., according to Fortune.

Ethiopia’s first ever sovereign credit rating will be due in two weeks time, Finance and Economic Development Minister Sufian Ahmed told Reuters. He added this will pave way for the country to international bond markets.

Ethiopia’s first of its kind expressway, Addis-Adama Expressway, was inaugurated on Monday, May 5, 2014 in the presence of the Chinese Prime Minister Li Keqiang and Ethiopia's Prime Minister Haile Mariam. The Expressway was built at a cost of 11.2 Billion Birr, The Ethiopian Herald reported.

The Ethiopian Ministry of Mines has issued a new directive that restricts the size of land that can be acquired by artisanal miners or small scale producers to five square kilometers, according to The Reporter.

An Indian company, ShriVallabh Pittie (SVP) group, is going to install Africa’s largest cotton mill in Ethiopia. The company will invest US$ 500 Millionfor the mill that is going to produce cotton yarn solely for export purpose.

Ethiopia has signed new agreements with China as the Chinese Prime Minister Li Keqiang arrived in Addis Ababa on the Sunday, May 4, 2014. This is Li’s first visit to Africa since he came to office last year.

Ethiopia has secured a US$ 1.3 Billion loan for the Aysha Wind Farm project, according to the Ethiopian News Agency.

A group of Chinese investors are in Ethiopia for a six day business visit, The Ethiopian Herald reported. The investors are from different economic sectors.