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Zemen Bank has announced that it successfully mobilized over USD 500 million in foreign currency during the last fiscal year. This accomplishment marks a significant milestone for the bank, which has been serving the Ethiopian market for 16 years.

Ethiopia's tea industry has experienced a growth spurt in the 2023/24 fiscal year, with exports exceeding 1,142 tons and generating over USD 2 million in revenue. This represents a substantial increase of 292 tons compared to the previous year.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 24 September 2024.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 23 September 2024.

Buna Kurs Media has announced the inaugural Coffee Origin Festival (COFE), set to take place in Addis Ababa from October 1 to 3, 2024, at the Skylight Hotel. The festival, hosted by OTW 2024, will celebrate Ethiopia’s rich coffee heritage and International Coffee Day on October 1.

The Ministry of Agriculture (MoA) has unveiled plans to establish 18 livestock collection centers in nine pastoralist and semi-pastoralist clusters, aiming to enhance Ethiopia's livestock market. The centers will be constructed in key livestock regions, with three clusters each in Oromia and Somali, one in Afar, and two in the South and South West states.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 20 September 2024.

Ethio Telecom has announced plans to secure Birr 163.7 billion in revenue for the 2024/25 Ethiopian fiscal year, marking a significant 74.7% increase from the previous year’s Birr 93.7 billion. CEO Frehiwot Tamiru outlined the ambitious goal while presenting the company’s annual plan.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 19 September 2024.

Ethiopian Reinsurance, established eight years ago with an initial capital of Birr 1 billion, announced that it has saved the country USD 50 million in foreign currency. The company, which provides reinsurance services to Ethiopian insurance companies, has played a crucial role in retaining funds that were previously spent abroad.