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The Ethiopian Shipping Lines & Logistics Service Enterprise’s (ESLSE) and the Ethiopian Petroleum Enterprise (EPE) are expected to conclude an agreement for the transport of petroleum in early 2014.

The ESLSE's will transport petroleum through its newly squired two oil tankers. This comes after a year of carrying other goods, pending a deal to be concluded with the EPE, according to Fortune.

The National Bank of Ethiopia is considering amendment to its "Mobile and Agent Banking Services" directive enacted in January 2013, Fortune reported.

The directive opened the door for banks and micro-finance institutions to provide transaction-based mobile and agent banking services.

(In paragraph 1, corrects German Development Bank (KfW), not GIZ is partnering with the MoUDC)

The Ethiopian Ministry of Urban Development & Construction (MoUDC) and the German Development Bank (KfW) announced a business plan competition focusing on solving urban problems, Fortune reported.

The registration of applicants for the first round will be conducted from October 11, 2013 to November 10, 2013.

The Amhara Saving and Credit Enterprise said it is working to disburse over 5.8 billion Ethiopian birr loan to beneficiaries during the current Ethiopian Fiscal Year.

Ayalneh Mihiretu, Public relation head with the Enterprise, told Ethiopian News Agency on Wednesday, the Enterprise will disburse the money to over 801,350 beneficiaries.