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A business delegation from the Chinese Foshan City visited Ethiopia. The delegation discussed with Ethiopian businesses, government officials and officials from the Ethiopian Chamber of Commerce and Sectoral Association (ECCSA) at Hilton Hotel in Addis Ababa.

Legesse Geremew, Councillor at the Ethiopian Consulate at Guangzhou,  said that the delegation came to Ethiopia after the consular office organized a tour to Foshan province last October.

The fourth round of the City's land lease auction held on July 24, 2013 attracted bids as high as 26,202 Ethiopian Birr for a square meter, Fortune reported.

The latest auction is the fourth round since the enactment of the revised lease holding of urban lands law in 2012. The Addis Ababa Land Bank and Transfer Agency announced a tender for auctioning of 95 plots on 40,000 meter of land on July 9, 2013. The plots were located in Akaki Kaliti, Bole, Yeka, Kirkos, Arada and Kolfe Keranio districts of the city. Add a comment Add a comment

The U.S Embassy in Ethiopia has organized a  one day business to business matchmaking program which  will take place on August 9, 2013. The even will also coincide with the 2013 African Growth and Opportunity Act (AGOA) Forum which will be held from August 9-13 in Addis Ababa. 

The matchmaking event is aimed to create opportunities for participants to meet with several potential U.S businesses who are looking for Ethiopian partners, wholesalers, distributors, sales representatives.The event is open to Ethiopian companies in all sectors, however, it will particularly focuses on agriculture.

dVentus Technologies, an Ethiopian clean energy company received a US$3 million from members of the Ethiopia Angel Network.

Ethiopian Angel Investment Network, part of RENEW, is an investment firm dealing mostly with potential business in developing countries announced signing of Memorandum of Understanding with dVentus last week.

A high level Kenyan trade delegation is to visit Ethiopia on a three day trade mission in Ethiopia. The event is organized by the Kenya Association of Manufacturers and the Kenyan Embassy in Ethiopia.

The delegation include senior government officials of the Kenyan government and industry executives from food & beverage, metal, construction sectors. The organization of the event is aimed at nurturing closer economic, political and cultural ties between the two countries. Add a comment Add a comment

The Ethiopian Commodity Exchange is to introduce mung beans to its trading floor. The Ethiopian Commodity Exchange Authority, the supervisory body of the ECX has approved the plan on Friday 26 July, 2013. The primary reason for the inclusion of mung beans is the rise in the export of legumes in last three years, Fortune reported.

"There is a remarkable surplus which can be traded through the ECX and bring benefit to farmers", Addis Alem Balema, Director General of the Authority told Fortune.

Ethiopia has earned US$123.44 million from export of leather products in the concluded Ethiopian Fiscal Year, according to the Ethiopian Leather Industry Development Institute.

Wondu Legesse, Director General of the institute, told Walta Information Center today that the export earnings came from finished leather products such as, footwear, gloves and other products. Add a comment Add a comment

An Ethiopia -Italy Investment, Trade and Tourism Promotion Forum was held in Milan, Italy. Higher government officials from the Ethiopian government, including Industry State Minister, Sisay Gemchu, and Director General of the Ethiopian Investment Agency, Fitsum Arega attended the event. Add a comment Add a comment

Revenues Development Authority of the Tigray Regional State of Ethiopia  has reportedly collected 2.1 billion Ethiopian birr revenue in the concluded Ethiopian Fiscal Year.

Legesse Seifu, the Authority's Legal Core Process Head,  told Walta Information Center today that, the revenue was collected from direct and indirect taxes as well as non-income titles. Add a comment Add a comment

Ethiopia concluded a US$700 million contract with Huawei Technologies Co Ltd, a Chinese multinational networking and telecommunications equipment and services company headquartered in Shenzhen, Guangdong.

The agreement will see the number of subscribers to 56 million with the expansion and upgrade of Ethiopia's mobile phone infrastructure. Huawei will also set up high-speed 4G broadband network capability in the capital Addis Ababa and 3G service throughout Ethiopia. Add a comment Add a comment