2merkato

The Ethiopian Construction Works Corporation (ECWC) has reported a revenue of Birr 11.84 billion for the 2023/2024 fiscal year, surpassing its target of Birr 11.78 billion. The corporation’s profit before tax reached nearly Birr 1.4 billion, marking an 81% increase in revenue and a doubling of profit compared to the previous year.

Hawassa Industrial Park saved over USD 13.9 million in the 2023/24 fiscal year by replacing imported products with locally manufactured goods, according to the park’s General Manager, Mathews Ashenafi.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 30 August 2024.

Kegna Beverages S.C., a local beverage company, has announced that the first phase of its brewery project in the West Shoa Zone of Oromia State is nearing completion. The company, initially established with a capital of Birr 1.5 billion, has since grown to an investment of Birr 5 billion.

The Ethiopian Insurance Corporation (EIC) announced a pre-tax profit of over Birr 1.6 billion for the 2023/24 fiscal year. The corporation revealed its achievement during its 37th annual meeting with senior management.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 29 August 2024.

Ethiopia’s Coffee and Tea Authority (ECTA) revealed that the country generated a record-breaking USD 1.43 billion in revenue from coffee exports during the 2023/24 fiscal year. This milestone marks the highest revenue Ethiopia has ever earned from its coffee industry.

The Central Ethiopia Region has attracted 268 investors, contributing more than Birr 13.4 billion in capital, according to the region's Investment and Industry Office.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 28 August 2024.

Ethiopian Electric Power garnered USD 25 million from its electricity sales to data mining comapnies in the 2023/24 fiscal year.