2merkato

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.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 19 November 2024.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 18 November 2024.

The Ministry of Trade and Regional Integration has reported a notable increase in foreign exchange earnings from Ethiopia’s cereal and oilseed exports, with over USD 156 million generated in just the first four months of the current fiscal year.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 15 November 2024.

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.