2merkato

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 14 November 2024.

In a policy shift aimed at enhancing foreign currency flexibility for exporters, the National Bank of Ethiopia (NBE) announced that exporters would be allowed to retain 50 percent of the foreign currency they generate indefinitely. Under this new system, exporters can sell half of their foreign currency earnings immediately and hold the remaining half in their accounts in Ethiopia without time restrictions.

EthSwitch S.C. has reported a net profit of ETB 789,609,373. for the 2023/2024 financial year.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 13 November 2024.

UK-based KEFI Gold and Copper PLC has announced a USD 30 million investment opportunity for Ethiopian investors as part of its USD 500 million Tulu Kapi Gold Mines project.

Ethiopian Electric Power (EEP) announced that the Aysha Wind Farm Project, a major renewable energy initiative with a 120 MW capacity, is now 82% complete.

Industrial Parks Development Corporation (IPDC) has officially announced that the Dire Dawa Free Trade Zone is now fully operational.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 12 November 2024.

Wegagen Bank has reported growth in its financial performance, with total assets reaching Birr 65.7 billion for the 2023/24 fiscal year. The announcement was made during the bank's 31st regular and 15th emergency general meeting of shareholders, held in Addis Ababa.

The Ministry of Trade and Regional Integration (MoTRI) announced that cement manufacturers in Ethiopia would now be able to distribute their products through chosen distributors, a shift intended to streamline the supply chain and better meet demand. The announcement follows a consultation forum between the ministry and cement manufacturers on aligning product supply with the growing demand in the construction sector.