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Ethiopian Airlines, the largest and most profitable airline in Africa, has secured a U.S. $ 41.4 Million seven year junior loan facility from ING Capital LLC for the acquisition of two Boeing 777 freighter aircraft.

Diplomatic Spouses Group of Ethiopia (DSGE), which is an annual event, is going to be held for one day on Saturday, November 22, 2014 here in Addis Ababa’s Millennium Hall.

Reports of the last four years of the Growth and Transformation Plan (GTP) revealed revenues from oilseed surpassed what coffee managed to bring to Ethiopia. During the 2013/2014 fiscal year, oilseed brought U.S. $ 920 Million which was U.S. $ 201 Million up when compare to revenues from coffee.

Ministry of Urban Development, Housing and Construction (MUDHC) disclosed it allotted 11 Billion Birr for the construction of urban infrastructure in the next four years.

Juice Factory built at an estimated cost of 80 Million Birr in Sebeta Town was inaugurated Yesterday, November 19, 2014.

United Bank S.C. disclosed it made a profit of 360 Million Birr durreached to 9.4 ing the 2013/2014 fiscal year, which actually is a 3.5 percent decline when compared to the year before it.

Sesame’s price in the international market dropped from U.S. $ 1,200 per ton to U.S. $ 500 in a one month time. This has led exporters of the agricultural product to be hesitant to supply and wait for the price to show any increment.

Metal & Engineering Corporation (MetEC) is getting ready to make delivery of five spare part manufacturing workshops for the Southern Nation Nationalities People (SNNP) State. The State paid a total of 235 Million Birr for the workshops.

Fitch Group, which is a financial information service rating company, rated Ethiopia as “B” for long term foreign and local currency Issuer Default Ratings (IDR).

Ethiopian Railway Corporation (ERC) chose a consortium of Chinese firms, China Railway Engineering Corporation (CREC) and Shenzen Metro Group, for maintaining as well as operating Addis Ababa Light Rail Transit for the coming five years.