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The Ethiopian Revenues and Customs Authority (ERCA) announced, it has collected 25.3 billion Ethiopian birr revenue from various income titles during the first quarter of the current Ethiopian Fiscal Year, ERTA reported.

Education and communication director with the Authority, Efrem Mekonen told the press on Saturday that the sum was obtained from domestic tax, foreign trade and lottery sales.

The Ashegoda Wind Farm, Africa's largest wind farm inaugurated in Ethiopia on 26 October 2013.

The US$289.68 million project was built by the French company, Vergnet SA with concessional loans provided by BNP Paribas and the French Development Agency (AFD). The Ethiopian government covered 9 percent of the cost, according to Reuters.

Ethiopia has earned US$ 71.6 million from export of gold supplied by artisanal miners to the National Bank of Ethiopia (NBE) during the first three months of the current fiscal year, Ministry of Mines (MoM) disclosed.

The Commercial Bank of Ethiopia (CBE) is to launch interest free banking service starting from Monday, October 28, 2013, in its 23 selected branches in Addis Abeba and in other major regional towns, Fortune reported.

The CBE has notified of the launching of its service and recieved approval from the National Bank of Ethiopia, according to Ephrem Mekuria, communication manager at CBE.

United Insurance SC reported 59.87 million Ethiopian birr profit after tax in the 2012/13 fiscal year, a 65 percent growth over its performance reported a year earlier, according to Fortune.

The company made the announcement on October 24, 2013, at the Hilton Hotel, during the company’s general assembly.

Pan-African banking group Ecobank Transnational has opened its first branch in Ethiopia, Reuters reported.

The opening of the branch offices is said to help the bank establish its presence in the fast-growing East African economy and extending its African network to 35 countries.

Investment Office of Bahir Dar Town of Amhara Regional State said, it has licensed 87 investment projects with a combined capital of over 618.6 million Ethiopian birr during the first quarter of the current fiscal year, Ethiopian News Agency reported.

Investment license and registration expert with the office, Beteha Abebayehu said, the projects are in the areas of trade, construction, industry, service as well as hospitality and tourism sector.

Micro and Small Enterprises (MSEs) Development Bureau of Addis Ababa anounced job creation plan for 235,000 people during the current Ethiopian Fiscal Year.

In a press conference held Thursday, October 24, 2013, Tilahun Worku said, the jobs will be created in manufacturing, construction, agriculture, trade and services sectors.

Ethiopian Airlines, the fastest growing and most profitable African airline, will take delivery of the first of its four Boeing 777-300ERs on 7 November 2013.

The B777-300ER is the largest aircraft in the airline’s fleet with 400 passengers seating capacity.

Ethiopia has signed a preliminary agreement with a U.S.-Icelandic company, Reykjavik Geothermal, a US$4 billion geothermal power resources investment agreement, Reuters reported.

Reykjavik Geothermal and the Ethiopian government signed the agreement on Wednesday to construct a 1,000 MW geothermal power plant in Ethiopia's volcanically active Rift Valley region.