Researchers at the Ethiopian Economic Association (EEA) advised Ethiopian policy makers to revise the existing national energy policy to overcome the current energy crises.
The United States government has advised Ethiopia to liberalize its telecommunications, banking and insurance sectors to attract broad foreign investment.
Saudi Star Agricultural Development Plc, which is currently engaged in commercial rice farming in Ethiopia, is to construct rice processing factory with an investment capital of 125 million birr (around 9.6 million USD at current exchange rate).
The number of airports in Ethiopia increased to 15 after the capital city of Benishangul-Gumuz Reginal State, Assosa, gets a new airport this week.
Ethiopia’s export to its neighbors (Somalia, Sudan and Djibouti) has increased over the past two years, while import declines.
Ethiopia’s foreign currency spending on fertilizer import has almost tripled in December 2009 as compared to the previous month.
Oromia Insurance Company, which joined Ethiopian insurance business a year ago, announced that its total asset has grown by 43 percent.
Ethiopia, which has been in a severe electric power shortage few months ago, finally adds a new 420 Mega Watt hydro power station to its national grid.