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Over 1,600 km rural road was constructed in Oromia State through the Universal Rural Road Access Program (URRAP) during the first quarter of the current fiscal year, the state roads authority said.

During a meeting held in Adama Town on Friday, the Authority's Deputy General Manager Abdo Geleta said the State has made meaningful progress in expanding rural roads.

The Ethiopian Ministry of Industry announced, more than US$135 million has been earned from the manufacturing sector in the first quarter of the current fiscal year.

Ministry Communications Corporate Directorate Director, Melaku Taye, told Walta Information Center, that the stated amount was secured from the exports of textile and garment, leather and leather products, meat and dairy products as well as food, beverage and pharmaceutical products.

Amhara State has earned over 192.3 million birr revenue from tourism during the first quarter of the current fiscal year, Ethiopian News Agency reported citing the state culture, tourism and parks bureau.

Simeneh Anteneh, public relation expert with the bureau, told Ethiopian News Agency that the state earned the revenue from 1.3 million tourists who visited tourist attractions in the state.

Berhan International Bank S.C, announced 52.29 million birr profit, a 55.21 percent growth for 2012/13 fiscal year, Fortune reported.

The bank announced during its annual assembly on Saturday, November 9, 2013, that its total assets increased by 71 percent to 2.197 billion birr in the reporting period.

Lion International Bank saw a 47.6 percent rise in yearly profit after tax to 111.29 million birr, partly as a result of growth in income earned from service charges and commissions, Fortune reported.

The bank's earning from service charges and commission fees grew from 45.03 million birr to 61.21 million birr, while gains from foreign exchange dealings only increased by 4.9 percent to 27.86 million birr.

Ethiopian Airlines maintenance facility joins a worldwide network of more than 60 facilities authorized to work on Bombardier commercial and business aircraft

Dubai, United Arab Emirates – Bombardier Aerospace celebrated its growing support network in Africa today by welcoming one of the continent’s leading carriers, Ethiopian Airlines of Addis Ababa, as yet another Authorized Service Facility (ASF) for commercial aircraft on the continent.

Grant Thornton (GT), formed a joint venture with a local firm, AW Thomas Consulting to join Ethiopia's professional services market, Fortune reported.

GT firms in Oman and Yemen has entered into a joint venture agreement with AW Thomas Consulting to create Grant Thornton Ethiopia.

Habesha Breweries S.C sold 66,301 shares on November 16, 2013, following the company's decision to increase its capital to 550 million birr from the current 250 million birr , Fortune reported.

The Company issued 300,000 new shares and offered its existing shareholders 200,000 of the new shares without the premium, which is asked from new buyers, Fortune reported citing Yonas Alemu, Marketing & Business Development manager of Habesha Breweries.

The Ethiopian Trade Enterprise (ETE) is to open its first three cash-and-carry stores in Addis Abeba in the first quarter of 2014, Fortune reported.

The stores which will be named Alle Bejimla, Amharic for “wholesale is available”, will initially commence operations by supplying goods to businesses like kiosks, cafes and hotels, according to Fortune.

Nile Insurance SC reported 41.72 million birr profit after tax in the 2012/13 fiscal year, Fortune reported citing the Company’s annual report.

Nile Insurance's profit after tax for FY2012/12 was up 24.85 percent, from 33.4 million birr a year earlier. Nile also recorded earnings per share of 445 birr.