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Construction on the first phase of the Tendaho Sugar plant located in Afar regional state is being finalized. Over 80 percent of the construction work has already been completed, Ethiopian News Agency reported.

Abreham Berhe, the project's office manager told Ethiopian News Agency on Monday that the project includes construction of a reservoir which has a capacity to hold 1.86 billion cubic meter water and 14,000 hectares of land has be covered with sugarcane plantation, the Manager said. 

The first Hotel Show Expo-Ethiopia 2013 is scheduled to be launched on October 10, 2013 at the United Nations conference center exhibition hall in Addis Ababa, Ethiopia, Capital reported.

Kumneger Teketel, Ozzie Trading Managing Director and the founder of the Hotel Show Expo-Ethiopia, said during a press conference held on Monday, September 23 at the Radisson Blu hotel that the preparations for this expo took more than three years, and its main purpose is to create marketing linkages between stakeholders of the hospitality industry.

Krajewa Spolka Cukrowa, a polish sugar manufacturer is eyeing investment opportunities in Ethiopia. The company is interested to build a raw sugar refinery in Ethiopia, Capital reported.

The major shareholder of Krajewa Spolka Cukrowa is the government of Poland with 79.7 percent ownership. The company is the largest sugar producer in Poland supplying 39.1 percent of the country’s sugar demand. However, its supply to the European Union is 4.1 percent.

Ethiopia's Oromia International Bank has acquired the 13-storey SA building located on Africa Avenue, Bole Road. The Bank bough the building for 210 million Ethiopian birr in June 2013.

SA building, inaugurated in 2006, lies on 1,192 square meter lot and its construction was estimated to have costed 50 million, according to Fortune.

The Ethiopian Trade Enterprise is to open three wholesale stores in Addis Ababa, Fortune reported. The stores will be constructed in Nifas Silk Lafto and Akaki Kality sub-cities and the third store will be located on a property belonging to the Merchandise Wholesale & Import Trade Enterprise in Addis Ketema sub-city.

The African Development Bank is to approve a USD 130 million loan request for the construction of a 120 KM long expressway spanning from Mojo to Zeway.

Lamin Barrow, resident representative of the banks Ethiopia country office, told The Reporter in an exclusive interview that the Bank will finance construction of the road’s first phase, with the board of directors set to approve the loan in October.

Reykjavik Geothermal, the Icelandic geothermal development company has agreed to develop as much as 1,000 megawatts of geothermal projects in Ethiopia over the next 10 years, according to Bloomberg.

Reykjavik expects to start drilling test wells next year, Chairman Michael Philipp told Bloomberg in an interview on September 27, in New York.

The Ethiopian Ministry of Industry announced its earning target from export of industrial products during the current Ethiopian Fiscal Year. 

The Ministry unveiled its target of earning US$1.3 billion from the sector at a press briefing on the performance of the last Ethiopian Fiscal Year and action plan for the current fiscal year.

Ethiopian Shipping and Logistics Services Enterprise, the state-owned shipping and logistics company receieved- the Jigjiga, the seventh vessele of the nine new vessels it ordered, at the Port of Djibouti in the presence of senior governmet officials last week.

Officials at the enterprise have also indicated that the remaining two vessels will not arrive in Djibouti until October.

Ethiopia and Poland concluded a cooperation framework agreement to boost existing bilateral relation between the two countries.

Ethiopian Foreign Affairs State Minister, Berhane Gebrekristos and Deputy Minister of Foreign Affairs of Poland Beata Stelmach signed the agreement to further bilateral relations between Ethiopia and Poland in economic, political and social sectors on Monday in Addis Ababa, Ethiopia.