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Ethiopian Airlines is set to invest on its Maintenance Repair and Overhaul (MRO) center in order to meet the growing demand of the Airline itself and also render more third-party work.

Dalol Oil S.C. disclosed it will start supplying alternative energy products for Ethiopia’s manufacturing sector by importing coal and petroleum coke (pet coke) this fiscal year.

Awash International Bank S.C. (AIB) launched a new core banking system called Fusion Banking Essence (FBE). This system replaced the previous one dubbed Bank Master.

Ethio Telecom, the state owned telecome monopole, is looking for contractors that will design and constructs its new seven building headquarters. Ethio Telecom plans to construct the headquarters at its IT Park on a 37,000 square meters plot of land.

A Boeing 737 aircraft that was owned by Ethiopian Airlines is sold to become a hotel and restaurant in Burayu town, some 15 km west of Addis Ababa.

The annual Ethiopian Coffee Conference which is organized by the Ethiopian Coffee Exporters Association was launched on Thursday, November 7, 2014.

Ethiopia and Egypt concluded an aggregate of five agreements and memorandum of understandings (MoU) on Monday, November 3, 2014. The aim is to encourage diplomatic, trade and health cooperation.

ALLE disclosed it aims to supply consumer goods that are worth 354 Million Birr during the current fiscal year.

Addis Credit and Saving Institution S.C. (ACSI) disclosed it extended 450 Million Birr loan during the first three months of the current fiscal year.

Portland Pretoria Cement (PPC) disclosed it acquired the 20 percent stake Industrial Development Corporation had in Habesha Cement Share Company (HCSCo). PPC bought out Industrial Development Corporation for U.S. $ 13 Million.