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The Ethiopian Investment Agency stated it will be revoking 2,497 investment permits within the next week if the businesses or owners do not report and give explanations to the Agency, Capital reported.

Nib Insurance Corporation (NIC) selected four finalists to design its headquarters building, on Africa Avenue next to Mega Printing House, Capital reported.

The state-owned Chemical Industry Corporation awarded management and administration consultancy service contract of the coal phosphate fertilizer complex project to Addis Ababa University's Technology Institute, Ethiopian Press Agency reported.

Preparations are underway to launch the construction work on the 4-lane dual carriageway Modjo-Hawassa highway project, Walta Information Center reported citing the Ethiopian Roads Authority (ERA).

The Ministry of Agriculture said activities are being carried out to increase agricultural productivity by 15 percent during the current production year, Ethiopian News Agency reported.

Allanasons Ltd, India's largest exporter of processed food products, signed an agreement with the Ministry of Industry establish a meat processing plant, Walta Information Center reported.

Habesha Cement S.C. has secured a letter of credit (LC) for its Chinese contractor from the Eastern & Southern Africa Trade & Development Bank, known as the PTA, Fortune reported.

The International Development Association (IDA) released the US$ 50 million fund for the National Urban Project, benefiting women entrepreneurs running small businesses, Fortune reported.

Africa Insurance Company SC, reported 30.7 million birr in profits before tax for the 2012/13 fiscal year, Capital reported.

The Ministry of Trade (MoT) is set to take measures against importers who have failed to comply with the ministry's standard quality certification requirement for 57 items, Fortune reported.