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Reykjavík Geothermal and the African Union will sign a USD 8 million (EUR 5.8 million, ISK 900 million) contract today allowing Reykjavík Geothermal to start drilling in the Ethiopian Rift Valley as part of two 500 MW power plants under construction. The energy produced by the power plants will be sold to the state electrical company Ethiopian Electric Power (EEP).

The estimated amount for total illegal profits obtained from the use of forced labor in Africa is US$13.10 billion per year

Forced labor in the private economy generates $ 150 billion in illegal profits per year, about three times more than previously estimated, according to a new report from the International Labor Organization (ILO).

“This new report takes our understanding of trafficking, forced labor and modern slavery to a new level,” said ILO Director-General Guy Ryder.

The ILO report ,Profits and Poverty: The Economics of Forced Labor, said two thirds of the estimated total of $150 billion, or $99 billion, came from commercial sexual exploitation, while another $51 billion resulted from forced economic exploitation, including domestic work, agriculture and other economic activities.

251 Communications and Marketing PLC announced today at the Friendship International Hotel that it is now the exclusive representative for Magic Trade Week, the leading and largest fashion event that brings together the apparel, accessories and footwear industry. This year’s show will be held from August 17 – 20 in Las Vegas, Nevada in the United States.

 “251 Communications is pleased to announce its partnership with Magic International as the exclusive agent to this outstanding event which is expected to bring together the global fashion community to exchange information, preview styles of the upcoming seasons and buy products” said Addis Alemayehou, Managing Partner 251 Communications.