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Abay Bank is set to receive the delivery of mobile, Internet and point of sales banking systems it procured from the a Morocco based, Société Maghrébine de Monétique (S2M) in November 2013.

The Bank, concluded an agreement for these systems in October, 2013, as part of its plans to launch mobile and agent banking services in the next year.

Awash Insurance S.C. posted 69.23 million Ethiopian birr profit after tax for the 2012/13 fiscal year, Fortune reported.

The company's profit jumped 114 percent from the previous year. Awash Insurance has also reported Earning per Share of birr 433 birr. Awash Insurance registered a 7.3 percent increase in underwritten gross premium, reaching 346.47 million birr.

The Ethiopia government and Department for International Development of the United Kingdom (DFID) signed Memorandum of Understanding to support the Climate Resilient Green Economy (CRGE) Facility on today.

Under the MoU, the DFID agreed to provide 15 million Pound grant by December 2015 to support the implementation of the Sector Reduction Mechanisms process, to generate and fund high quality strategic investment that respond to priorities of the government. The finance will be used to support the country's efforts to support the CRGE Facility, a national system set up to solicit finance from bilateral and multilateral as well as public funds.

Boeing Delivers Ethiopian Airlines' First 777-300ER 777-300ER to provide Ethiopian flag-carrier with additional capacity on key routes SEATTLE, Nov. 7, 2013 -- Boeing (NYSE: BA) has delivered a 777-300ER (Extended Range) jet to GE Capital Aviation Services for lease to Ethiopian Airlines.

The 777-300ER is now the largest airplane in the Ethiopian flag-carrier's fleet and will provide it with increased capacity and improved operating economics on key routes from its base in the Ethiopian capital, Addis Ababa.

Tendaho Sugar Factory is set to commence production January 2014, Walta Information Center reported citing the Ethiopian Sugar Corporation.

About 85 percent of construction of the first phase of the factory has been completed, Corporation’s Communication Director, Zemedkun Tekle, told Walta today.

Ethiopian Airlines, the fastest growing and most profitable airline in Africa, is pleased to announce that its Chief Executive Officer, Mr. Tewolde Gebremariam, has won the 2013 Planet Africa Professional Excellence Award on 2 November 2013 during a ceremony held at the International Centre in Toronto, Canada.

The award event of 2013 was held under theme “Celebrating the Dream”, in commemoration of the 50th anniversary of the "I have a Dream speech" of the renowned American civil rights leader, Dr. Martin Luther King. His daughter, Dr. Bernice King, delivered a keynote speech and received the Legend Award in recognition of his legacy.

Ethiopia's economy is projected to grow 7.5 percent, the International Monetary Fund (IMF) said yesterday at a press briefing on Regional Economic Outlook of sub-Saharan Africa 2013 and macroeconomic developments and policies in Ethiopia.

IMF Resident Representative Jan Mikkelsen said that in recent years, economic growth in Ethiopia has been robust.

The International Telecommunication Union (ITU) launched its "Measuring the Information Society 2013 Report" in Ethiopia yesterday, November 6, 2013.

International Telecommunication Union Regional Office Director Andrew Rugege said, the report provides tangible information and features of the ICT development at international level. It measures the trend of ICT through applying indicators agreed among the member countries.

Ethiopian Pulses, Oil seeds and Spices Processors, Exporters Association announced, the 3rd international conference on pulses, oil seeds and spices will be held on November 13, 2013.

The event which is expected to be attended by over 100 international companies is jointly organized by the association and the Ministry of Trade.

The Global Geospatial Data Infrastructure and Africa GIS Conference opened in Addis Ababa, Ethiopia on Monday.

The theme of the event is titled as "Spatial Enablement in Support of Economic Development and Poverty Reduction".