2merkato

Ethio-Engineering Group (EEG) is gearing up to manufacture electric vehicles in Ethiopia, CEO Suleiman Dedefo announced.

Ethiopia has set an ambitious goal to increase its electricity generation capacity to 13,000 megawatts by 2028, President Taye Atsek Selassie announced.

Ethiopian Investment Holdings (EIH), the government’s strategic investment arm, is revitalizing State-Owned Enterprises (SoEs) to drive economic transformation.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 29 January 2025.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 28 January 2025.

The Ministry of Agriculture has reported that less than 50 percent of the two million hectares of land allocated for agricultural investment is currently being cultivated.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 27 January 2025.

Ethiopia's government has announced plans to finalize a Memorandum of Understanding (MoU) with the Official Creditor Committee (OCC) by April under the G20 Common Framework (CF) for debt treatment. This update comes after years of negotiations aimed at re-profiling the country's debt.

The Industrial Parks Development Corporation (IPDC) announced that investments worth more than USD 597 million have been secured in Ethiopia’s Special Economic Zones (SEZs) and the Dire Dawa Free Trade Zone over the past six months. Over 80 investments have been attracted to the zones under the IPDC's management.

The Petroleum and Energy Authority has announced that 2,041,135.332 metric tons of fuel were purchased for domestic use during the first six months of the current fiscal year. This represents 92 percent of the planned target of 2,216,189 metric tons, according to Bekele Kuma, Communications Director of the Petroleum and Energy Authority.