The Ethiopian Railways Corporation (ERC) announced that the country’s first eco-tourism railway project has reached its final construction phase, marking a milestone in Ethiopia’s railway and tourism development.
Three more years are needed to develop petroleum resources located in Ogaden area, the Ministry of Mines, Petroleum and Natural Gas announces.
Petroleum Licensing and Administration Director at the ministry, Ketsela Tadesse, has said that the additional three years are required to address activities that “need to be done before entering into the production process.” He has further elaborated that hundreds of additional wells need to be drilled and various infrastructure facilities should also be put in place before the petroleum development could be in full swing.
Ethiopia resumes talks to join WTO (the World Trade Organization) after eight years.
Ethiopia’s Ministry of Mines, Petroleum and Natural Gas (MMPNG) is negotiating with the Chinese company POLY – GCL Petroleum Group for the construction of Ethio-Djibouti natural gas pipelines.
Ethiopia is in the process of negotiations with multinational retailer Walmart to facilitate the entry of the corporation in the 
Ethiopian market.
A delegation sent by the Ethiopian government met with officials from the US based corporation last week according to sources.
The Ethiopian government is considering the move to invite Walmart as part of ongoing efforts to curb the surge of commodity prices.
