2merkato

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.

Ethiopian Airlines is set to launch a new airline, Air Congo, in partnership with the Congolese government, according to Group CEO Mesfin Tasew.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 11 November 2024.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 08 November 2024.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 07 November 2024.

Hibret Insurance has reported a net profit of Birr 525.27 million for the 2023/24 fiscal year, reflecting a 60.62% increase over the previous year. This was announced at the company’s annual general meeting of shareholders held this week.

The Ethiopian government is preparing to issue a bond worth Birr 900 billion to address unpaid loans provided by the Commercial Bank of Ethiopia (CBE) to government development organizations. The bond, introduced during a recent government session, aims to settle outstanding debts and strengthen the bank’s capital base.