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The Ministry of Industry of Ethiopia and African Development Bank vowed to work together with a view to implementing Ethiopia’s Industrial Parks Policy. They will cooperate on product chain, finance, and various commercials.

Melaku Alebel, the Minister of Industry, and Abdul Kamara, the Deputy Director General of the African Development Bank for East Africa, also discussed about integrated Agro Industrial Parks and the Manufacturing Industry Policy.

The electrified rail link being built between Addis Ababa, Ethiopia’s capital, and Djibouti, the land locked nation’s main trade corridor, will be finalized in a year time, Prime Minster Hailemariam Desalegn said.

Addis Ababa Investment Commission (AAIC) has announced a target to draw Birr 8 billion in investment capital this fiscal year, focusing on key sectors such as manufacturing, services, urban agriculture, and construction. The announcement was made by Enatnesh Tamene, the Commission’s Plan and Budget Director.

The Addis Ababa City Council approved a Birr 230.39 billion budget for the city's administration in the current fiscal year. This decision was reached after the council's fourth regular meeting, which concluded yesterday with the approval of various appointments.

The Addis Ababa Investment Commission (AAIC) announced that 612 investors registered a combined capital of Birr 2.93 billion in the first quarter of the fiscal year, reflecting a 13% growth compared to the same period last year.