Starwood Hotels and Resorts Worldwide, Inc declared that it would introduce its growing Four Points brand in Ethiopia with a new- build property developed by an Ethiopian company, Alemgenet Trade and Industries PLC, Walta Information Center reported.
The Global Entrepreneurship Week with more than 13 events planned to provide inspiration for up and coming entrepreneurs 
was launched in Addis Ababa.
The GEW is being held for the second time in Ethiopia and the fifth time internationally. The event will be held between 12th and 18th of this is month.
The GEW has expanded to 125 countries including Ethiopia this year with the aim to help an increasing number of people to engage in business it was noted at the opening ceremony held at the UN/ECA Conference Center.
The Ministry Foreign Affairs (MoFA) stated that the Ethiopian government had been making efforts to boost bilateral relations with different countries, Walta Information Center reported.
The Ministry of Industry opened a duty-free leather and leather products shop which was aimed at promoting the export of Ethiopian leather products at Bole International Airport.
According to Industry Minister Melaku Alebel, the realization of the duty-free shop will help in promoting the export of Ethiopian leather products.
In a policy shift aimed at enhancing foreign currency flexibility for exporters, the National Bank of Ethiopia (NBE) announced that exporters would be allowed to retain 50 percent of the foreign currency they generate indefinitely. Under this new system, exporters can sell half of their foreign currency earnings immediately and hold the remaining half in their accounts in Ethiopia without time restrictions.
