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Ethiopia's Awash International Bank (AIB) has purchased 100 Automatic Teller Machines (ATMs) and 400 Point of Sale (POS) terminals, Capital reported.

The Lebanese company, Computer Business Machine (CBM), will supply the ATMs and the POS terminals will be supplied by S2M, a Moroccan company.

Hibir Sugar S.C, signed a memorandum of understanding (MoU) with the Ethiopian Metal & Engineering Corporation (MetEC) on Tuesday, October 1, 2013 for construction of its factory Fortune reported.

The MoU, signed at the MeTEC’s Hotel in Nifas Silk Lafto sub-city, is expected lead to a final contract in six months to build the factory.

The Ethiopian Ministry of Agriculture is planning to revise the existing loan scheme for agricultural inputs, Fortune reported. 

The Ministry developed the proposed arrangement in partnership with the Agricultural Transformation Agency.

The Ethiopian Roads Authority awarded Enyi Construction to construct the 37 KM road linking the factories of Omo Kuraz Sugar Project, on September 17,2013, Fortune reported.

The design and construction contract of the 65.1 million Ethiopian Birr project was signed on Wednesday, October 2, 2013 at the Authority's headquarters.

The National Bank of Ethiopia has issued a new directive raising the minimum paid up-capital of micro-finance institutions, Fortune reported.

The directive requires micro-finance institutions to raise their minimum paid-up capital of 2 million Ethiopian birr, effective October 1, 2013.

The Ethiopian Ministry of Urban Development and Construction announced that its has targeted to create 1.8 million jobs in the current fiscal year.

Speaking in a meeting organized to evaluate the last year performance of the state owned Construction Design S.C, the State Minister Engineer Haile Meskel Tefera said, one million of the total job is expected to be created in the construction sector. Ongoing and new road and housing projects are helping to realize this goal, he said.

Investment in Ethiopia’s mining sector has reached 16.2 billion Ethiopian birr, Walta Information Center reported.

The number of domestic and foreign investors engaged in the mining sector has also reached 137, Bacha Fuji, the Ministry’s public relations and communications director, told Walta Information Center.

The Holland Africa Poultry Partners in partnership with the Netherlands – African Business Council, are organizing the first “Ethiopian poultry mission to the Netherlands” from October 6 – 12.

The mission, organized with an aim to bolster the collaboration between all important stakeholders in Ethiopian poultry sector, is expected to bring together the key players from the Ethiopian and Dutch poultry sector.

Oromia International Bank (OIB), a private financial institution, become the first to implement interest-free banking [Islamic banking] in Ethiopia.

A recent National Bank of Ethiopia (NBE) directive allowed banks to provide interest-free banking service using a separate window along with their other banking services.

Asia Pacific Gold Mining Investment Ltd. announces identification huge graphite potential in western Ethiopia.

The Company has also entered into an agreement with a Canadian Company for exploration and development of its concessions in Western Ethiopia.