Construction of a new refined petroleum pipeline, known as Horn of Africa Pipeline (HOAP), stretching over 550- Kilometers between Ethiopia and Djibouti will commence in June. The agreement for the construction of the pipeline was signed last year, The Daily Monitor reported.
Ethiopia’s full service communications agency, 251 Communications, has teamed up with Consumer Insight, an African research agency. The two companies signed a memorandum of understanding on 21 March 2012 in Nairobi. 
“It’s a win, win,” said Addis Alemayehou, CEO of 251. Speaking right after signing the deal, he went on to explain how both companies will benefit from the marriage. “This heralds a new era in consumer research in Ethiopia. We will greatly benefit from Consumer Insight’s African experience, while Consumer Insight will benefit from our local knowledge of our country”.
“Ethiopia,” says a visibly excited Ndirangu wa Maina, the MD of Consumer Insight, “is an understated giant. With its population of over 80 million people, it’s such a vast market that anyone who is serious about the region and Africa can’t afford to ignore any more.”
The Trade Practices and Consumer Protection Division of Ethiopia's consumer protection agency officially launched its operation on Thursday October 10, 2013, Capital reported.
The division is tasked with arbitrating, imposing administrative and civil sanctions and protecting citizens and businesses from anti-competitive and illegal trade practices.
Cool Port Addis, Ethiopian Shipping and Logistics’ (ESL) project, will be launched this Ethiopian year. This initiative aims to revolutionize the storage and transportation of Ethiopian fruits and vegetables, paving the way for increased exports and foreign currency earnings.
The Cooperative Bank of Oromia, Ethiopia announced that it has recorded a 139.8 million in gross profit in the last fiscal year.
This profit recorded is 105 percent more than the 71.5 million birr it earned in the previous financial year as announced at the Regular General Assembly the bank.
The bank was able to net 102 million birr and Earnings per Share grew by 55 percent from 29 birr to 45 birr for every 100 birr invested from what was recorded in the last fiscal year. CBO has announced a dividend payment of 33.6 percent for the reporting period. The bank retained 25.5 million birr as a legal reserve.
