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The Ethiopian Agricultural Research Institute said it will introduce new improved wheat varieties to farmers, Ethiopian News Agency reported.

After visiting model farms growing improved wheat varieties in Gurage Zone of South Ethiopia Peoples' State, Crop Research Director with the Institute, Dr Asnake Fikire said, the new varieties produce high yield while resisting diseases and drought.

An international trade fair and bazaar organized in connection with the 8th Nations, Nationalities and People’s Day opened in Jijjiga town, Somali Regional State on Tuesday, Walta Information Center reported.

Ethiopian Airlines, the fastest growing Airline in Africa, announces the commencement of a new flight services to Singapore at the inaugural ceremony held at Bole International Airport, Ministerial Salon on December 03, 2013.

The event was graced by H.E. Mr. Getachew Mengistie, State Minister of Transport of the FDRE, H.E. Mr. Tadesse Haile, State Minister of Industry, H.E Mr. Lee Yi Shan, Senior Minister of State for Trade and Industry of Singapore, Mr. Tewolde GebreMariam, CEO of Ethiopian Airlines and other invited guests.

Ethiopian Prime Minister Hailemariam Desalegn and Sudanese President Omar al-Bashir inaugurated the electric transmission line interconnecting the two countries, Xinhua reported.

The inauguration was held on 4 November, 2013, in Geddarif State in eastern Sudan.

Samsung officially kicked off its academic programs at its new Engineering Academy in the Addis Ababa Institute of Technology (AAiT) with the first class of 60 students drawn from AAiT, Capital reported.

South Africa's Vodacom Group opened its first office in Ethiopia on Tuesday, to establish its presence in a country which have a large market but still maintains a state monopoly over its telecoms sector, Reuters reported.

Ethiopia's state owned Ethio Telecom have a rapidly growing subscribers, totaling almost 650 million last year, up from just 25 million in 2001, according to the World Bank.

Ethiopia is planning to seek a credit rating to attract more foreign investment and to balance the decline in exports, Bloomberg reported.

The Ethiopian government will pick rating companies in the coming weeks to assess the level of risk involved with investing in the country, Finance Minister Sufian Ahmed said in an interview with Bloomberg yesterday in Addis Ababa.

Ethiopian Road's Authority and SUR Construction PLC signed a contract to build the 104 km long Dansha-Abdrafi-Maycadran asphalt road, Fortune reported.

The 1.6 billion birr contract was signed on Tuesday, November 26, 2013, at the Ethiopian Road's Authority’s headquarters in Addis Ababa, Ethiopia.

United Bank S.C. reported 282 million birr profit after tax for the fiscal year that ended on June 30, 2013, Fortune reported.

The bank's profit is down by 5.3 percent compared to a year earlier. Its earnings per share has slipped to 47.7 birr from 53 birr.

The Addis Abeba Chamber of Commerce & Sectoral Associations (AACCSA) awarded International Organisation for Standardization (ISO) 9001:2008 management certificate on November 15, 2013, Fortune reported.

AACCSA was audited by DQS Ethiopia, an assessments and certifications of management systems firm.