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The Ministry of Trade revised fuel prices which are to be effective as of February 6, 2016, Fortune reported.

G20 Compact with Africa (CwA) Forum on Private Sector Led Diversification and Growth is being held in Addis Ababa, Ethiopia. The forum has been organized jointly by Ethiopian Investment Commission (EIC) and the International Monetary Fund (IMF), EIC Commissioner Abebe Abebayehu said in a tweet.

China’s Guangzhou Automobile Group (GAC), the world’s second-largest electric vehicle (EV) manufacturer, makes its entrance into the local market.

Gafat Endowment has announced plans to invest 7 billion birr in Ethiopia to establish a paper and pulp project, Tana Paper and Pulp Factory S.C, in the Amhara Regional State

The project will also include a pulp wood farm for a variety of Eucalyptus trees especially adapted to produce pulp.

Gambella Regional State supplied 973kg gold to the National Bank of Ethiopia (NBE) during the last nine moths, the regional mines agency said. The agency told Ethiopian News Agency that over USD 48 million was earned from sale of the  of gold.

The revenue exceeded by USD eight million the amount earned the previous year. The amount of gold supplied to the Bank during the reported period also surpassed by over 200kg that of the previous year.