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Meta Platforms Partners with Ethio Telecom to Boost Digital Services in Ethiopia

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Published on 15 October 2024
Category: ICT and Telecom

Ethio Telecom

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.

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Ethiopia: NBE Announces New Policy on Foreign Exchange Spreads and Fees

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Published on 15 October 2024
Category: Banking and Finance

NBE Logo Logo

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

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Ethiopia: Customs Commission Exceeds First Quarter Revenue Target

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Published on 15 October 2024
Category: Latest Business Alerts

ECC Customs Logo

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.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 14 October 2024

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Published on 15 October 2024
Category: Capital Market and Commodity Exchange

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

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Ethiopia: Zemen Insurance Reports Growth in Premium Income and Profit

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Published on 14 October 2024
Category: Banking and Finance

Zemen Insurance

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.

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Ethiopia: Company to Build Solar Cell Factory

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Published on 14 October 2024
Category: Manufacturing

Toyo Solar

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.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 11 October 2024

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Published on 12 October 2024
Category: Capital Market and Commodity Exchange

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

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Ethiopia Prepares to Open Logistics Sector to Foreign Investors

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Published on 12 October 2024
Category: Transport and Logistics

Logistics Plan 2

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.

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Ethiopia: Ovid Real Estate to Build Homes for RIDE Drivers and Artists

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Published on 12 October 2024
Category: Transport and Logistics

RIDE OVID

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.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 10 October 2024

Details
Published on 11 October 2024
Category: Capital Market and Commodity Exchange

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

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