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MIDROC Ethiopia signed 600 million US dollar turnkey project Italian steel mill contractors Daniele SpA, for the construction of its plant in the Amhara regional State

Toussa Steel mill is expected to be the largest steel mill in Ethiopia with an estimated annual production capacity of 1.3 million tons.

Toussa was licensed with the Ethiopian Investment Agency in July of last year and plans on producing reinforcement bars, billets and hollow sections amongst other steel products. The factory will go on to produce steel railway tracks in its second phase.

MIDROC Ethiopia PLC announced that it has agreed with Marriott International to operate Westin Hotel in Addis Ababa, Ethiopia.

Mesfin Industrial Engineering plc, Ethiopia will begin assembling three new models of GEELY vehicle in 2012. MIE is expected to introduce, to the Ethiopian market, the SL1500cc model in June, followed by the EC1500cc and the 1300cc hunchback.

The three models have already been imported to Ethiopia and will be tested on Ethiopian roads this week according to Yesuf Adamnur, Sales and Promotion Manager at MIE.

Multilateral Investment Guarantee Agency’s (MIGA) Vice President and Chief Operating Officer, Michel Wormser, is visiting Ethiopia from July 8 to July 11, 2014. According to the press release by MIGA, the visit is to underscores the Agency’s continued support to Ethiopia’s development goals via private investment.

Ministry of Foreign Affairs of Ethiopia said Milan Expo 2015 in Italy had dedicated September 22, 2015, to celebrate Ethiopia’s National Day.