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Tecno Group, a mobile phone assembly and production company in Ethiopia held a groundbreaking ceremony on Thursday for its phase III factory in Addis Ababa, Walta information Center reported.

The foundation stone was laid in the ICT Park currently under construction by the Ethiopian government to support the development of information communication technology in Ethiopia.

Ethiopian Airlines, the fastest growing and most profitable African airline, colorfully celebrated 55 years of uninterrupted service to Frankfurt, Germany on October 24, 2013.

Ethiopian CEO, Mr. Tewolde Gebremariam, attended the celebrations in Frankfurt along with Dr. Renate Sterzel, City Councilor of Frankfurt, Dr. Stefan Schulte, Chairman of the Executive Board of Fraport AG, Mr. Mark Schwab, CEO of Star Alliance, H.E. Mr. Fesseha Asegedom, Ambassador of Ethiopia to Germany, and Ms. Dennenesh Zewdie, famous Ethiopian actress in Germany. Also present were representatives from the diplomatic community, the African Diaspora and various partners including Lufthansa, travel agencies and tour operators.

Ghion Hotel and other four state-owned enterprises put up for sale by the Ethiopian Privatization and Public Enterprises Supervising Agency (PPESA) have failed to attract bidder, Fortune reported.

In addition to Ghion Hotel, PPESA has also floated Weyra Transport S.C, Transport Construction Design S.C, Agricultural Mechanization Service Enterprise and Artistic Printing Enterprise. All enterprises except Weyra Transport has been on the privatization auction block previously.

The Ethiopian Space Science Society (ESSS) established its first space observatory at Entoto Mountain, in Addis Ababa, Ethiopia on October 24 2013, Capital reported.

The Observatory is installed 3,200 meters above sea level on the Entoto Mountain, an ideal location because of its minimal cloud cover, moderate winds and low humidity, according to experts.

A national workshop on mainstreaming trade into Ethiopia’s national development strategies launched in Addis Ababa, Ethiopia on Wednesday 30 August, 2013.

The aim of the workshop is to support trade policy making by strengthening the capacity of key government agencies that are directly responsible for mainstreaming trade into the national development strategies, Ethiopian News Agency reported.

Ethiopian Airlines is pleased to announce that the Pan-African Award Committee comprising of travel professionals and journalists from across Africa has recognized the airline with multiple awards, including as “African Airline of the Year” and “Best Cabin Crew in Africa” at the opening ceremony of the 9th Travel Market, AKWAAB, meeting in Nigeria at Eko Hotel Convention Center on 27 October 2013.

The Ethiopian Ministry of Education said it has given due attention to technology transfer and producing skilled human power to realize the renaissance of the country, Ethiopian News Agency reported.

Speaking in a national technical and vocational education and training (TVET) conference held in Dire Dawa Saturday, Wondwesen Kifilu, Technical and Vocational Cluster State Minister said training youth in TVET is a priority for the remaining two years of the GTP period.

A seminar and workshop aimed at promoting industrial development organized by the Addis Ababa Chamber of Commerce and Sectoral Association (AACCSA) and Chamber Trade Sweden was launched on Monday in Addis Ababa, Ethiopia.

Speaking on the launching of the two-day seminar and workshop, Chamber Trade Sweden CEO Charlotte Kalin said Swedish investors are interested to engage in flower production in Ethiopia.

Nyota Minerals has confirmed a plan to sell 75 percent of its Tulu Kapi gold mine project in Ethiopia, Proactive Investors UK reported.

In return Nyota Minerals will receive £1 million of cash and £3.5 million in shares, and it will retain a 25 percent interest in the project.

The Nekemte-Bure road project is expected to be commenced next year, Walta Information Center reported.

The 258 km road project's Environmental and Social Impact Assessment and Resettlement Policy Framework (RPF) is completed, according to the Ethiopian Roads Authority (ERA).