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Top news items in Ethiopia's major media outlets

Xinhua, May 7, 2016 Adjust font size:

The following are news highlights in Ethiopia's major media outlets on Saturday.

-- The rapport between Ethiopia and China has gone beyond bilateral engagement with the ever growing people to people ties between the two nations, according to Seyoum Mesfin, Ethiopia's Ambassador to the People's Republic of China.

The Ambassador briefed a team of Chinese journalists drawn from the country's Jiangsu province on the overall relationship between Ethiopia and China. (Ethiopian Broadcasting Corporation/EBC)

-- The Ethiopian ministry of mines, petroleum and natural gas has revoked mineral exploration and production licenses of 32 companies due to lack of financial capacity and for failure to fulfill their duties.

Because of lack of results and financial capacity, nine of the companies returned their licenses voluntarily, Tewodros Gebregziabher, state minister of mines, petroleum and natural gas, told Fana Broadcasting Corporate (FBC) Friday. (Fana Broadcasting Corporate/FBC)

-- A new draft bill has been prepared to amend the existing income tax proclamation.

The income of the community, Ethiopia's existing reality and global volatility are the reasons behind for the amendment of the proclamation existed since 1994. (Fana Broadcasting Corporate/FBC)

-- US clothing giant PVH Corporation, owner of Tommy Hilfiger and Calvin Klein brands, will begin manufacturing its clothing products in Ethiopia this summer.

The clothing provider will operate in a newly- built industrial park in Hawassa city, south of the capital Addis Ababa.(Fana Broadcasting Corporate/FBC) Endit