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The Ethiopian Trade Enterprise (ETE) is to open its first three cash-and-carry stores in Addis Abeba in the first quarter of 2014, Fortune reported.

The stores which will be named Alle Bejimla, Amharic for “wholesale is available”, will initially commence operations by supplying goods to businesses like kiosks, cafes and hotels, according to Fortune.

Nile Insurance SC reported 41.72 million birr profit after tax in the 2012/13 fiscal year, Fortune reported citing the Company’s annual report.

Nile Insurance's profit after tax for FY2012/12 was up 24.85 percent, from 33.4 million birr a year earlier. Nile also recorded earnings per share of 445 birr.

Ethiopian Airlines has signed a 10-year OnPoint solution agreement with GE for maintenance, repair and overhaul of its GE90 engines.

Under this agreement, GE will maintain Ethiopian’s GE90 engines that power its 16 B777 aircraft, which comprises of six B777-200LR, six B777F, and four B777-300ER. Tewolde GebreMariam, CEO, Ethiopian Airlines said, "We are pleased to have reached an agreement on the maintenance of our GE90 engines.

The Ethiopian Ministry of Agriculture (MoA) says it is on track to achieve its target to harvest 277 million quintals of main crops for this harvest season, Ethiopian Radio and Television Agency reported.

MoA Minister, Tefera Deribew made the announcement on Thursday citing a pre-harvest assessment.