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 as of August 16, 2019.
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 that ended on July 7, 2019.
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 13 – 15, 2019.
The Ethiopian Coffee and Tea Authority disclosed plans to build a coffee park at a cost of $50 million. The park, the authority said, will play an important role in promoting Ethiopia's coffee to the global community.
An Ethiopian - Indian business forum has been held in Addis Ababa, Ethiopia, aiming to promote foreign direct investment and business-to-business linkage between Ethiopian and Indian companies, the Ethiopian Ministry of Foreign Affairs revealed.
The Ethiopian Ministry of Mines and Petroleum announced that it has issued 24 investment project licenses for exploration and licenses of minerals and petroleum. The investment projects have a combined capital close to $170 million (4.95 billion birr).