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Documents Authentication and Registration Service Processes 443,147 Cases, Collects Birr 1.25 Billion

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Published on 30 December 2024
Category: Latest Business Alerts

DARS DARS DARS

The Documents Authentication and Registration Service (DARS) announced that it processed 443,147 cases and served 719,073 users from July to December 23, 2024, generating Birr 1.25 billion in revenue.

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Commercial Bank of Ethiopia's Total Assets Reach Birr 1.9 Trillion Amid Reforms

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Published on 30 December 2024
Category: Banking and Finance

CBE Logo

The Commercial Bank of Ethiopia (CBE) revealed that its total assets reached Birr 1.9 trillion. The bank’s President, Abe Sano, attributed this achievement to the macroeconomic reforms implemented across the country, which have shifted CBE from a state of existential crisis to a trajectory of robust growth.

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Ethiopia Earns USD 43 Million from Animal Product Exports in Five Months

Details
Published on 30 December 2024
Category: Latest Business Alerts

Livestock Ethiopia

Ethiopia’s Livestock Development Institute has announced that the country generated USD 43 million from the export of animal products over the past five months. The revenue marks a 60% increase compared to the same period last year, highlighting the growing significance of the sector in the country's foreign exchange earnings.

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National Bank of Ethiopia Set to Revise Policy Rate Early in the New Year

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Published on 30 December 2024
Category: Banking and Finance

NBE Logo Logo

In the upcoming fiscal year, the National Bank of Ethiopia (NBE) is expected to revise its policy rate, commonly referred to as the National Bank Rate (NBR). The current rate, set at 15 percent, was established at the start of the fiscal year and is part of the NBE’s shift to an interest-rate-based monetary policy framework. This transition represents a significant step toward aligning with global best practices in monetary policy, aimed at improving the effectiveness of policy communication and influencing the broader economic landscape, particularly in monetary and credit markets.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 27 December 2024

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Published on 30 December 2024
Category: Capital Market and Commodity Exchange

ECX LogoHere is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 27 December 2024.

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Ethiopia’s Hydropower Dams at Full Capacity Following Rainy Season, EEP

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Published on 27 December 2024
Category: Energy and Mining

Electric Grid

Ethiopian Electric Power (EEP) announced that its dams were fully replenished after the recent rainy season, ensuring sufficient water for power generation to meet this year’s ambitious targets.

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Ethiopia: Ministry of Revenues Collects Birr 380 Billion in Five Months

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Published on 27 December 2024
Category: Latest Business Alerts

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The Ministry of Revenues (MoR) of Ethiopia announced that Birr 380 billion was collected in the first five months of the current fiscal year.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 26 December 2024

Details
Published on 27 December 2024
Category: Capital Market and Commodity Exchange

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

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Ethiopia: Lemi National Cement Supplies Over 310,000 Tons of Cement Since Launch

Details
Published on 26 December 2024
Category: Manufacturing

Lemi Cement

Lemi National Cement Factory has made a strong entrance into Ethiopia’s cement market, supplying over 310,000 tons of cement since it began operations on October 31, 2024.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 25 December 2024

Details
Published on 26 December 2024
Category: Capital Market and Commodity Exchange

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

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