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The Amhara Regional State has constructed 2115km road through the Universal Rural Road Access Project (URRAP) during the last nine months, the regional rural roads authority said. Public Relation officer with the Authority, Getenet Zewdu said on Wednesday that road is part of the 2,629 km roads planned to be constructed in this Ethiopian fiscal year. Add a comment Add a comment

Germany will further strengthen ongoing support through knowledge and technology transfer towards growth of Ethiopia's agricultural productivity, the Federal Minister of Agriculture of Germany, llse Aigner said. A German-Ethiopian advanced training center with the Kulumsa Agricultural Research Center was inaugurated by Aigner and Agriculture State Minister Wondyirad Mandefro. The government of Germany allocated 2.7 million Euro budget for the center. A German parliamentary delegation also visited the center.

The newly opened center will be used to teach farmers about sustainable, site-specific and climate-adapted methods of production including training with modern technology. By 2014, the center, located some 170km south-east of Addis Ababa, will train 1500 farmers. Add a comment Add a comment

Cyber Security Africa, a UK based company, in partnership with other Industry stakeholders is organizing the Ethiopia Banking and ICT Summit. The event will be held on August 2nd, 2013 at the Sheraton Hotel, Addis Ababa Ethiopia.

The one day summit is designed to highlight the key Investment opportunities especially in the ICT Sector. The event is said to help all players in all sectors of business to interact with  both Public and Private sectors, Government officials, international organizations and other local business leader to discuss and identify the technical, environmental and business opportunities. Add a comment Add a comment

The World Bank and African Development Bank will provide 80 percent of the funds needed for a USD 1.26 billion transmission line that will take power to Kenya from Ethiopia.

The World Bank will lend the countries USD 684 million for the 1,070 KM transmission line running from Wolayta-Sodo in Ethiopia to Suswa, 100 KM Kenyan, African Development Bank Regional Director Gabriel Negatu told reporters. The African Development Bank is lending USD 338 million, he said.

The Catering and Tourism Training Institute (CTTI) under the Ethiopian Ministry of Culture and Tourism (MoCT) is organizing a tourism and hospitality week for the first time. Officials of the institute indicated that the event will be held for three days from May 21.

Dawit Haile, director of CTTI, said that the event will help to promote the quality of the service that the institute offer. According to the organizers, CTTI students and other stakeholders, including tour and travel companies and hotels, will have a role in the event. Add a comment Add a comment

Total Ethiopia in collaboration with the Labor and Social Affairs Bureau of the Addis Ababa city Administration, celebrated the ‘World Day for Safety and Health at Work’ on April 26 at Dreamliner Hotel.

The event's theme was “Total commitment to Safety for ME, for YOU, for ALL”, incorporated workshops attended by the management, employees, fuel transporters, contractors, customers and service station dealers to create awareness on accidents in Ethiopia. Add a comment Add a comment

The Ethiopia Commodities Exchange (ECX) is reduced the expiration date of warehouse receipts issued for coffee from  30 days to  20 days as of May 9, 2013.

The ECX governing body, Ethiopian Commodity Exchange Authority (ECEA) has approved the change with others relating to moisture adjustment, the amount that should be contained in a bag, and the cost of handling goods.

ECX introduced these changes following a series of studies it undertake during the current year based on transaction data from the past 18 days, according to Anteneh Assefa, CEO of the Exchange. The study revealed that 50pc of members storing coffee at ECX warehouses make a sale within eight days and 90 percent of members within 20 days.

The Commercial Bank of Ethiopia (CBE) began demanding its clients pay the entire amount up-front when using Cash against Document payment arrangement.

In Cash against Document (CAD), the process of collecting the settlement and releasing the documents is usually entrusted to a bank as a trusted third party. Banks release title documents to clients, after exporters ship the goods and clients effect payment. They will then transfer this payment to the seller in a foreign currency. Add a comment Add a comment

The Ethiopian Commodity Exchange has postponed the bid opening date for 30 membership seat tender floated exclusively for farmer's cooperatives, to May 16, 2013. The original bid opening date was set for April 31.

The reason given by Exchange is to encourage more participation by farmer's cooperatives. ECX is expecting 200 farmer's cooperatives to participate, according to Abenet Assefa, Chief Strategy Officer at the Exchange.

The Ethiopian Ministry of Culture and Tourism is finalizing a new standard for the hotels, catering and tourism sector.

"we will be undertaking the pilot project on selected hotels, restaurants and lodges" said Tewodros Deribew, Tourism Services Competence Accreditation director at the Ministry. Add a comment Add a comment