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The Ministry of Urban and Infrastructure has unveiled a smart city initiative aimed at transforming 275 towns across Ethiopia into smart cities by 2024/2025. The plan seeks to modernize urban services, improve living standards, and drive the country's urban development forward.

The National Bank of Ethiopia (NBE) has taken a significant step towards deepening the country's foreign exchange market by granting licenses to five companies to operate as Independent Foreign Exchange Bureaus.

International ride-hailing service Yango, a subsidiary of Yango Group, has announced two strategic partnerships in Ethiopia, aimed at enhancing both transportation and healthcare services. The company has teamed up with Awash Bank, one of Ethiopia’s leading financial institutions, and Amakari Doctors, a key player in the telemedicine sector, to bring innovative solutions to commuters and Yango drivers.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 01 October 2024.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 30 September 2024.

An International Monetary Fund (IMF) team and Ethiopian authorities have reached a staff-level agreement on the first review of Ethiopia’s four-year USD 3.4 billion Extended Credit Facility (ECF) program. Upon approval by the IMF Executive Board, Ethiopia will gain access to USD 345 million in financing.

The Ministry of Mines (MoM) announced that the construction of three gold mining factories was progressing rapidly, with the aim of generating USD 800 million from the sector this fiscal year.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 26 September 2024.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 25 September 2024.

Ethio Telecom officially launched its "Copper Switch-Off Initiative," which aims to migrate 100,000 customers from the existing copper network to high-speed fiber optic infrastructure by the end of this fiscal year.