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Optic fiber cable manufacturing plant  built at a cost of 2.7 billion Ethiopian birr is scheduled to go operational in September 2013, Ethiopia Radio and Television Agency reported.

The plant will produce 24 thousand km optic fiber cable annually, when it becomes fully operational. Add a comment Add a comment

The National Bank of Ethiopia has opened bids of five international companies for printing of standardized checkbooks.

The NBE floated a tender for the supply of MICR enabled cheques in May 2013 following a decision by the central bank and Ethiopian Bankers Association to standardize cheques with additional security features in order to speed up cheque clearing and settlement with security. Add a comment Add a comment

Habesha Brewery is offering additional 300,000 shares to its existing shareholders after failing to get adequate bank credit.

Habesha has plant to install a brewing plant with annual capacity of 500,000 hectoliters in Debre Berhan Town, 120 KM outside of the capital, Addis Ababa. Add a comment Add a comment

Ethiopia is planning to submit its offer on services to the World Trade Organization in September 2013 as part of its accession bid. Ethiopia is currently working on offers for 160 service industries, some of which are controlled by the state.

Last year, Ethiopia has submitted suggested tariffs on goods to member countries for negotiation, Geremew Ayalew, head of the trade relation and negotiation directorate at the Trade Ministry, said in an interview with Bloomberg in Addis Ababa.

The 8th round of the Ethiopian Diaspora Business Forum and the 2013 Pioneer Diaspora Awards Luncheon, is scheduled to be held in Washington DC, on July 27, 2013.

This years event will focus on investment opportunities in agri-business, agro-processing and financing and value chain development opportunities in select sub-sectors for Diaspora Investors, according to the organizers. Add a comment Add a comment

Ethiopian Airlines, one of the leading African airline announced that it has become strategic partner of the new Malawian Air with acquisition of 49 per cent equity shareholding. The remaining 51% of the shares is held by the Malawian Government and Malawian private investors.

The shareholder agreement for Malawi Airlines was signed between Dr. Cornelius Mwalwanda, Deputy Minister of Finance of the Government of the Republic of Malawi and Tewolde Gebremariam, Chief Executive Officer of Ethiopian Airline in Lilongwe on Thursday, 11 July 2013. Add a comment Add a comment

Speakers of the Ethiopian and South Korean Parliaments expressed their commitment to further strengthen investment cooperation between the two countries.

During talks with with Korean Republic Parliament delegation headed by  Speaker Kang Lee yesterday, House of Peoples Representatives Speaker Abadulla Gemeda said tthat at Ethiopia will create favorable conditions for Korean investors interested to invest here.

The state owned Ethiopian Shipping and Logistics Service Enterprise (ESLSE) has announced new marine freight-rate, effective July 1, 2013.

The new rate adjustment includes a 6 per cent discount on 20 feet containers and an 8 per cent decrease on 40 feet containers.

Bombardier Aerospace has named Ethiopian Airlines as an Authorized Service Facility (ASF) for commercial aircraft.

The agreement which is expected to take effect by late August, will see Ethiopian Airlines provide maintenance services for Bombardier's growing fleet of Q400 and Q400 NextGen turboprop aircrafts in Africa. Add a comment Add a comment

The Ethiopian Ministry of Trade announced that Ethiopia expects join the World Trade Organization (WTO) by 2015.

Lesanework Zerfu, Head of the Multilateral Trade Relations Department of the Ministry told journalists at a press conference that Ethiopia’s accession to WTO is expected to be finalized in the third quarter of 2015.