2merkato

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.

Awash Bank announced significant financial achievements at its 29^th 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.

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.

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

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

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 21 November 2024.

The Benishangul Gumuz Regional State has achieved a milestone in gold production, depositing 548 kilograms of gold into the National Bank of Ethiopia (NBE) in the first quarter of this fiscal year. This figure not only exceeds the region's quarterly target of 413 kilograms but also doubles last year’s total annual deposit of 274 kilograms.

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

The National Bank of Ethiopia (NBE) is set to undergo significant institutional reorganization as the country moves toward a more liberalized financial system. Two key proclamations—the NBE establishment proclamation and the banking business proclamation—are expected to be finalized in the coming weeks, marking a turning point for Ethiopia’s banking sector.

The Debre Birhan City Administration announced that investment licenses have been granted to developers who registered a combined capital of Birr 10 billion during the past quarter.