The Amhara National Movement Party has finally announced its establishment and held its founding members meeting in Bahir Dar, The Reporter has learnt.

Promising International – a UK-based trading company – won a bid to supply 200,000 metric tons of wheat with a total price of USD 52.01 million, The Reporter has learnt.

The Ethiopian Investment Commission (EIC) warned the Chinese company – Hoaneng packaging PLC – after finding it engaged in a business activity assigned only to Ethiopians and engaging in the production of materials other than what is prescribed in the license, The Reporter has learnt.

With an initial capacity of malting 60,000 tons of barley per year, France-based Malteries Soufflet – a major international player in the global malt market – has agreed to join Ethiopia's malt industry.

The All Ethiopian Unity Party (AEUP) denounced the decision passed by the executive committee of the Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF) to fully implement the Algiers Agreement without any precondition, stating the decision to fully implement the agreement amounts to treason.

The International Hydropower Association (IHA) has ranked Ethiopia as the top hydropower producing country in Africa with an installed capacity of 3,822 MW.