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Ethiopian Insurance Corporation (EIC), the state-owned insurer has collected premiums of 2.1 billion Ethiopian birr, in the just ended fiscal year, Fortune reported citing the corporation's annual report released on Friday, August 30, 2013.

EIC has missed by 1.2 percent of its target of collecting 2.5 billion birr. However, the corporation's premium collection has grew by 46.3 percent compared to the previous year.

Ethiopian Roads Authority (ERA) has awarded International Consultants & Technocrats Pvt Ltd (ICT) – an Indian-based company – for the consultation and supervision of the Kombolcha to Mille, via Bati road construction project, Fortune reported.

The 26 million Ethiopian birr contract was signed on August 20, 2013. International Consultants & Technocrats Pvt Ltd. was awarded the contract after competing in an international bid against five companies.

Coffee Plantation Development Enterprise (CPDE) said it has secured over 81 million birr net profit from export of coffee and other agricultural commodities during the concluded Ethiopian Fiscal Year. 

Speaking in a meeting held in Jimma Town, Oromia State on Monday, 26 August, 2013 to evaluate the past year's performance report and plan of action for the current fiscal year, Enterprise General Manager, Ephrem Mersihe Hazen said the the enterprises earning has exceeds the previous year by 64 million Birr. He said over 34,300 quintals coffee was exported to Belgium, Germany, USA, France, Australia, the Netherlands, Italy and South Africa during the reported period.

The Ethiopian Ministry of Water and Energy said over 13,200 home solar systems has been installed in rural areas which are not connected to the national electric grid system over the past nine months.

Public relation and communication director with the Ministry, Bizuneh Tolcha told Ethiopian News Agency, that the installation is part of the year long project which was launched in December 2012 at a cost of 208.8 million Ethiopian birr secured from World Bank. He said the project so far has benefited more than 13,200 households across the country.