2merkato

Ethiopia is working vigorously to improve its transport and logistics services, Demeke Mekonnen, Ethiopia's Deputy Prime Minister said. Mr. Demeke said this is part of an effort to cement strong global economic relations.

Paga, an aggressive Nigerian fintech startup acquired Apposit, a US software company with primary operations in Addis Ababa, Ethiopia. Apposit builds software to power innovative and high impact businesses in Africa.

Eagle Hills, Abu Dhabi-based private real estate investment and development company, launched the first residential tower in Ethiopia's capital, Addis Ababa. This residential tower resides within the 36ha piece of land the company is developing at La Gare (French for "The Station") in Addis.

The Commercial Bank of Ethiopia (CBE) said it collected a revenue of $994 million (31.8 billion birr) in the first half of this Ethiopian fiscal year (2019/20).

Africab Group, the Indian manufacturer of a wide range of electrical products in Africa, is interested in investing in Ethiopia, the company's heads said.

Ethiopia's Ministry of Finance announced that the new draft excise law has made revisions on new cars, bottled water, and tobacco.

The Ethiopian Ministry of Foreign Affairs announced that the tripartite meeting on the Grand Ethiopian Renaissance Dam (GERD) on the Nile, held in Washington D.C. from January 13 to 15, has been fruitful in marking "a major breakthrough."

Africa's largest carrier, Ethiopian Airlines, plans to start building a new $5 billion airport in six months, its CEO, Tewolde GebreMariam, said. Ethiopian's rapid expansion is causing it to outgrow its current base in Ethiopia's capital Addis Ababa. 

Ethiopia Commodity Exchange (ECX) Signed service level agreement with Zemen Bank for financial purposes. This makes Zemen Bank the seventeenth bank to enter a similar agreement with the Exchange.

Ethiopia's sole telecom services provider Ethio Telecom amassed a profit of over $686 million (22.04 billion birr) in the first half of the fiscal year 2019/20, the company announced.