The Arab Bank for Economic Development in Africa have signed on Wednesday 13th of July 2016 at its headquarters in Khartoum, a Loan Agreement with the Federal Democratic Republic of Ethiopia, so as to contribute to the financing of Hamusit – Estie Road Upgrading Project.
Ethiopia agreed with Somaliland to use Berbera Port. The agreement was made following the congestion at the Djibouti Port.
According to Sharmarke Jama, economy and trade adviser for the foreign ministry of Somaliland, tariffs have been revised and a committee has also been established to manage joint operations as part of the agreement.
The committee is vested with smooth implementation of the bilateral agreement and improving facilitation of transit trade across the corridor, Jama added.
Ethiopia has agreed with Chinese firms to boost cooperation in the construction sector, the Ethiopia Ministry of Urban Development and Construction (MoUDC) on Wednesday.
Ethiopia is targeting to produce more than 65 tons of gold in the just started fiscal year from 3 different states, even if gold export fell to meet its target last fiscal year. The production is said to take place in State of Tigray, State of Oromia and State of Benishangul Gumuz.
Mines, Petroleum and Natural Gas Minister disclosed Ethiopia aims at more than 770 million USD from the mining sector. Such was disclosed by the State Minister for the Ministry, Tewodros Gebre Egziabher.
