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The American corporation, Dow Chemical Company, opened a subsidiary office in Ethiopia.

After holding talks with President Mulatu Teshome, the DOW Company expressed its interest to invest in Ethiopia’s agriculture sector, in particular production of teff.

DP World is interested in launching operation in Ethiopia to build dry port facility near Addis Ababa and managing logistics with the Ethio-Djibouti corridor according to a senior manager.

Back in October the senior official of DP world, Joost Kruijning, Vice president and managing director for Middle East & Africa, and Hans de Jong, regional commercial director for the same region, were in Addis Ababa to speak with the Ethiopian officials.

They presented their proposal to Ahmed Tusa, managing director of Ethiopian Shipping & Logistics Services Enterprise (ESLSE), and his deputy, Alemu Ambaye.

Dr Eleni Gebre-Medhin, founder and Chief Executive of the Ethiopia Commodity Exchange is transitioning out of the leadership role effective as of the 30th of September announced the ECX.

The transition is part of carefully implemented succession plan which aims to ensure a smooth transition as the team of internationally recruited management professionals, in charge of the ECX since April of 2008, handovers responsibilities to locally recruited and trained leaders said Dr. Eleni at a press conference.

The locally recruited team, which will take over senior management positions, is highly capable and has been with the ECX since the exchange began operations she said.

A new governor is assigned to the National Bank of Ethiopia. The former governor, Teklewold Atnafu, is replaced by Dr. Yinager Dessie, who was Commissioner of the National Planning Commission of Ethiopia. The measure is part of the country’s major economic reforms.

Source: Fana BC and Reuters