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The World Bank has approved a USD 700 million credit through the International Development Association (IDA) to support Ethiopia’s Financial Sector Strengthening Project (FSSP). This initiative aims to bolster the stability and resilience of Ethiopia’s financial institutions.

Chinese automotive giant BYD officially debuted in Ethiopia with a brand launch event in Addis Ababa, partnering with local distributor MOENCO, a subsidiary of London-based Inchcape PLC. The event showcased five pure electric models, including the compact BYD SEAGULL and the luxurious BYD TANG EV, catering to Ethiopia’s growing demand for sustainable mobility.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 24 December 2024.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 23 December 2024.

Investors with over Birr 2.6 billion in capital are set to begin coffee and tea production in Jimma Special Economic Zone (SEZ), the Industrial Parks Development Corporation of Ethiopia (IPDC) announced.

Lion Insurance, a key player in Ethiopia’s insurance sector for 17 years, has achieved a major milestone by surpassing Birr 1 billion in premium revenue for the first time. The company’s total premium revenue reached Birr 1.173 billion, marking a 41 percent increase compared to the previous year.

Ethiopia’s export sector continues to show progress, generating USD 2.6 billion in revenue during the past five months, largely driven by agricultural exports, according to State Minister of Trade and Regional Integration Yasmin Wohabrebbi.

Avocado production and exports in Oromia State are experiencing growth, with plans to export 12,000 quintals of the fruit in the 2024/25 fiscal year, the Oromia State Agriculture Bureau announced.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 20 December 2024.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 19 December 2024.