In a dining room reserved for only ten people for a banquet at a fancy hotel in the middle of Shenzhen, two executives of ZTE Corporation, a Chinese telecom multinational, are seen sitting around a shiny dining table–the vice president and managing director for corporate branding— Shu, David Dai and his deputy.

In its latest staff report released this week, dubbed “Article IV Consultation for 2018,” the International Monetary Fund (IMF) stated that Ethiopia has to restrain from accessing any Non Concessional Borrowings (NCB) for the upcoming fiscal year, respecting the agreed up on zero ceiling limit on its commercial borrowing portfolio.

A growing number of German companies operating in Ethiopia have expressed “high expectations” regarding Ethiopia’s economic prospectsin the coming years, according to the first Business outlook survey conducted by the Delegation of German Industry and Commerce in East Africa and the Embassy of Germany in the capital.

The Ethiopian Petroleum Supply Enterprise (ESPE) will award the petroleum supply contract of 2019 to PetroChina next week.  

With a focus on helping Ethiopia advance on areas of environment, climate change, job creation, human rights and democracy;CarinJamtin, the Director General of the Swedish International Development Agency, made a two day visit of the capital earlier this week and pledged support for various development endeavors in the country.

Engaged in major construction projects in Africa and Ethiopia, ranging from the development of industrial parks to the construction of airport facilities, China Civil Engineering and Construction Company (CCECC) has announced plans to engage in the real-estate sector in Ethiopia as well as other African countries to avert risks related to giant projects it is implementing in the continent.