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A website, www.rootsofethiopia.com, designed to showcase and promote various community products for tourism was launched at the Radisson Blu Hotel.

The website is intended to support the plans to make Ethiopia a notable tourist destination said Tadelech Dalecho, State Minister for Culture and Tourism at the launch.

The Ministry is committed to collaborate with stakeholders in the sector to implement the Tourism Policy which seeks to make Ethiopia amongst the top 5 tourist destinations in Africa by 2020 she said.

The International Rose Producer Karuturi Global Ltd. is set to construct embankments around its farm in Western Ethiopia after incurring 15 million dollars worth of losses due to floods. The loss was primarily caused by the destruction of maize plants, with a potential yield of 60,000 tonnes according to Ramakrishna Karuturi, General Manager of the company.

Karuturi announced on Monday that the farmland was flooded in spite of dikes spanning 80km on the side that faces the riverbank. The 1.8 meter tall dikes proved to be inadequate to prevent the flooding Karturi explained.

The company reported plans to build taller dikes around the farm. The new design will aim to create a polder; land enclosed by dykes with no connection with outside water except through manually operated devices.

Roshan Packages, a leading Pakistani corrugated and flexible packaging manufacturer, showed interest to invest in Ethiopia during discussions with Jemal Beker Abdula, Ethiopia’s Ambassador to Pakistan.

The Central Bank of Russia has officially set the exchange rate of the Ethiopian birr against the Russian ruble, paving the way for direct trade and financial transactions between the two countries.

Delegates of Russia's Coordinating Committee for Economic Cooperation with African Countries (AFROCOM) have visited Ethiopia's Bole Lemi and Kilinto Industrial Parks, and discussed ways of strengthening the ties between the two friendly nations in the construction and running of industrial parks.