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Ethiopia: Addis Ababa Attracts Over Birr 2.93 Billion in New Investments

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Published on 30 November 2024
Category: Latest Business Alerts

investment license coins

The Addis Ababa Investment Commission (AAIC) announced that 612 investors registered a combined capital of Birr 2.93 billion in the first quarter of the fiscal year, reflecting a 13% growth compared to the same period last year.

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Ethiopia's Energy Capacity Surpasses 6,000MW

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Published on 30 November 2024
Category: Energy and Mining

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The Ministry of Water and Energy (MoWE) has announced that the country’s energy generation capacity has exceeded 6,000MW.

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Ethiopia: Kurmuk Gold Mine to Begin Gold Production by 2026

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Published on 30 November 2024
Category: Energy and Mining

Gold Benishangul Gumuz

Kurmuk Gold Mine PLC has announced its gold mining plant will begin commissioning by the end of 2025, with full-scale commercial production starting in 2026. The project, located in Benishangul-Gumuz State, is Ethiopia’s largest mining initiative and a key player in the region’s mining industry.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 29 November 2024

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

ECX LogoHere is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 29 November 2024.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 28 November 2024

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Published on 29 November 2024
Category: Capital Market and Commodity Exchange

ECX LogoHere is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 28 November 2024.

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

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Published on 28 November 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 November 2024.

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Ethiopia: House of Peoples' Representatives Approves Birr 582 Billion Supplementary Budget

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Published on 27 November 2024
Category: Latest Business Alerts

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The House of Peoples' Representatives has approved a supplementary budget of Birr 582 billion for the current fiscal year. The decision was made during the council's 6th regular meeting after Finance Minister Tesfaye Beljge (PhD) presented the draft budget proposal.

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Ethiopia: Awash Bank Reports Growth in 2023/24 Financial Year

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Published on 27 November 2024
Category: Banking and Finance

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Awash Bank announced significant financial achievements at its 29th Annual General Meeting held in Addis Ababa. The bank's total assets reached Birr 282 billion during the 2023/24 fiscal year, reflecting its continued growth and resilience.

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Ethiopia Eyes Electricity Export to Tanzania via Kenya

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Published on 27 November 2024
Category: Energy and Mining

Electric Lines 2

Ethiopia plans to export 100 megawatts of electricity to Tanzania through Kenya as part of a growing cross-border electricity trade initiative. Ethiopian Electric Power (EEP) announced the move following agreements that facilitate power transmission across the three nations.

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

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Published on 27 November 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 November 2024.

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