2merkato

Meta Platforms, in partnership with Ethio telecom, has announced a flagship initiative aimed at enhancing digital services in Ethiopia. This collaboration follows strategic discussions between Ethio telecom CEO Frehiwot Tamru and Meta’s Director of Business Development for the Middle East and Africa, Vikas Menon, along with senior Meta executives.

The National Bank of Ethiopia (NBE) today introduced revised regulations on foreign exchange-related spreads and fees.

The Ethiopian Customs Commission (ECC) has announced a record revenue collection of Birr 88.1 billion for the first quarter of the fiscal year, surpassing its initial target of Birr 87.2 billion. This achievement marks an impressive 0.86% increase beyond the Commission’s goal.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 14 October 2024.

Zemen Insurance announced at its 6th regular general meeting of shareholders that it achieved a substantial growth in premium income over the past fiscal year.

TOYO Solar has signed a Memorandum of Understanding (MoU) with the Ethiopian Investment Commission (EIC) to invest USD 60 million in establishing its first solar cell manufacturing plant in Ethiopia. The new facility will be located in the Hawassa Industrial Park.

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

Ethiopia, which is liberalizing its economy, is in the final stages of opening its logistics sector to foreign investment. This follows earlier reforms that allowed foreign investors to participate in the nation’s banking and finance sectors.

Ovid Real Estate has announced plans to construct 5,000 homes for drivers of Hybrid Designs’ RIDE service and artists associated with Sewasew Multimedia. In a recent agreement, the two companies have committed to building a “Ride Family Village” in Gelan Gura, designed specifically for RIDE drivers.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 10 October 2024.