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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.

The National Bank of Ethiopia (NBE) has announced that starting December 1, 2024, all payment service providers in the country must adopt standardized QR codes for digital payments. This move aims to streamline the diverse QR codes in circulation, providing a unified system that aligns with NBE's guidelines.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 06 November 2024.

In its fourth regular session, Ethiopia's House of Peoples' Representatives (HPR) examined and unanimously approved a loan agreement between Ethiopia and South Sudan, aiming to bolster regional connectivity and strengthen bilateral relations.

The International Monetary Fund (IMF) has raised Ethiopia's net international reserves target to help the country meet upcoming foreign currency payments. This follows Ethiopia’s USD 3.4 billion, four-year financing deal secured with the IMF in July, contingent on major economic reforms, including the recent flotation of the birr currency.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 05 November 2024.

British-Dutch consumer goods giant Unilever has announced plans to reduce its global workforce, starting next month, in a bid to increase profitability. Operating in over 190 countries, including Ethiopia, Unilever employs more than 128,000 people worldwide and produces brands such as Signal, Lifebuoy, OMO, and Knorr.

Lemi National Cement Factory, located in Ethiopia's Amhara Regional State, Ensaro Woreda, has started offering its cement products to the market as of October 31, 2024.