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The National Bank of Ethiopia is preparing to introduce a standardized check system which will require banks across the country to use the same type of checks with enhanced security features, starting from January 2013.

The new checks to be printed under the control of the NBE are expected to be coded so as to make them more difficult to forge according to a source. It is expected that banks will cover the cost of the new checks to be printed electronically and will be differentiated for the different banks by the bank logos that will be placed on them said the source.

The details of how the new checks will go into operation are yet to be divulged although the central bank is expected to offer trainings soon added the source.

Kilinto Pharmaceutical Industrial Park is set to go operational in 2 months time, June 2018. Such was disclosed by the Ethiopian Industrial Parks Development Corporation (IPDC).

Ethiopian Electric Power (EEP) will start exploring electricity to Kenya in November this year. The company is planning to get USD 145 million in the current fiscal year from electricity export which destines Sudan, Djibouti, and Kenya.

Sugar Corporation disclosed it will start exporting sugar to Kenya by the coming fiscal year. This is in accordance to the long standing planEthiopia had to export sugar and generate foreign currency.

Ethiopian Prime Minister Abiy Ahmed announced that Ethiopia will begin filling the reservoir of its dam on the Blue Nile, the Grand Ethiopian Renaissance Dam (GERD), in the upcoming rainy season. PM Abiy made the remark on the event of the 9-year anniversary of the launching of the GERD project.