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Ethiopian Cargo Starts Flying to Bangkok and Hanoi

Aug 23, 2019 | 2M Editor | Latest Business Alerts

Ethiopian Cargo Starts Flying to Bangkok and Hanoi

Ethiopian Cargo and Logistics Services, the Largest Cargo Operator in Africa, announced in a press release that it has started once weekly freighter service to Bangkok, Thailand, and Hanoi, Vietnam...

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Ethiopian Electric Utility Collected Over $245.6 m…

Aug 21, 2019 | 2M Editor | Latest Business Alerts

Ethiopian Electric Utility Collected Over $245.6 million in 2018/19

The Ethiopian Electric Utility (EEU) announced it collected over $245.6 million (7.18 billion birr) from the sale of electrical energy during the Ethiopian fiscal year which ended on July 7, 2019.

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New Iodized Salt Plant Opens in Ethiopia

Aug 20, 2019 | 2M Editor | Latest Business Alerts

An iodized salt plant named SVS, jointly built by Ethiopian and Turkish investors, was inaugurated today in the city of Semera, Afar region of Ethiopia.

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Commercial Bank of Ethiopia Earned Over $612 Mn Pr…

Aug 16, 2019 | 2M Editor | Latest Business Alerts

Commercial Bank of Ethiopia Earned Over $612 Mn Profit in 2018/19

The Commercial Bank of Ethiopia (CBE), the largest commercial bank in East Africa, announced it has earned over $612.46 million (17.9 billion birr) in profit during the Ethiopian fiscal year...

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Ethiopian Commodity Exchange Shares Experience to …

Aug 15, 2019 | 2M Editor | Latest Business Alerts

Ethiopian Commodity Exchange Shares Experience to African Exchanges, Plans to Start Training Academy

Ethiopia Commodity Exchange (ECX) announced that it shared its experience in modern trading systems to the officials of Mozambique Commodity Exchange and Reserve Bank of Malawi for three days, August...

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Exchange Rates

Selling
Buying
USD 29.7072  29.1247 
GBP 34.4529  33.7774 
EUR 32.8889  32.2440 
CHF 28.8581  28.2923 
CAD 20.2204  19.8239 
AED 7.3186  7.1751