2merkato

Ethiopia’s coffee export sector continues to deliver results, with the Ethiopian Coffee and Tea Authority announcing that the country earned over USD 674 million from coffee exports in the first four months of the current fiscal year.

ZamZam Bank, Ethiopia's premier fully interest-free banking institution, has entered into a strategic partnership with Santim Pay. The agreement, signed today by officials from both organizations, aims to provide seamless and accessible payment solutions to customers across various sectors.

Ethiopian Investment Holdings (EIH) has expanded its portfolio by incorporating eight key government institutions, further enhancing its role in managing and transforming state-owned enterprises.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 04 December 2024.

Ethio Telecom, Djibouti Telecom, and Sudatel Telecom Group have signed a Memorandum of Understanding (MoU) for the Horizon Fiber Initiative. This transformative project aims to enhance digital connectivity across Africa, linking the Horn of Africa to Europe and Asia through a high-capacity, redundant terrestrial fiber optic network.

The Ethiopian Investment Commission (EIC) announced today that 10 of the country's industrial parks have been promoted to Special Economic Zones (SEZs) under a new initiative to attract Foreign Direct Investment (FDI), boost job creation, and enhance trade and productivity.

The International Monetary Fund (IMF) has announced a staff-level agreement with Ethiopia, marking a progress in the second review of the country’s four-year Extended Credit Facility (ECF) arrangement. Pending formal approval, Ethiopia will gain access to an additional USD 251 million, aimed at stabilizing the economy and fostering sustainable growth.

Sidama Bank recorded a net profit of Birr 71.6 million for the previous fiscal year, surpassing its initial profit target by 58 percent. The announcement was made during the bank's third regular and third emergency general meeting of shareholders, held in Hawassa.

In a move to boost the operational capabilities of Ethiopia's Dire Dawa Free Trade Zone, a formal cooperation agreement has been signed with Azerbaijan’s Alat Free Trade Zone. The agreement was reached during a recent visit by a high-level delegation of Ethiopian government officials to the Alat Free Economic Zone in Azerbaijan.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 02 December 2024.