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The IT Park project in Ethiopia is expected to create 300 thousand jobs when it is completed said the Ministry of Information and Communication Technology.

The project aims to enhance the quick growth of micro enterprises as well as benefiting companies in its vicinity to support the development of research institutes and creating trade relations and transfer of technology explained Beker Seid, Public Relations Officer with the Ministry.

It is also expected that the project will create favorable conditions to allow domestic companies to become competitive on the international markets he said.

The Ministry of Trade and Regional Integration (MoTRI) recently announced an upturn in livestock exports during the initial five months of the current fiscal year, surpassing the corresponding period of the previous year by 72,000.

According to a research that came out on Tuesday, October 07, 2014 revealed Ethiopia has the potential to earn U.S. $ 5 Billion every year from the mining sector.

The Mines Ministry of Ethiopia is to issue potash mining license to Yara Dallol BV to mine potash mineral in the Dallol depression of Afar Regional State, The Reporter reported.

3000 Ethiopian businesses are to benefit from a project that is aimed to develop market chains and offer training as well as marketing opportunities to the entrepreneurs. The project is going to be funded by the Ethiopian government and the EU and has its main focus will be on empowering women and the country’s youth population. It is expected to reach out to approximately 1,500 women and 500 young people.