2merkato

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.

Kenya Airways, based in Nairobi, is striving to recover over USD 11.6 million currently held in Ethiopia due to foreign exchange restrictions.

The Federation of Saudi Chambers (FSC) has announced the establishment of a new Saudi-Ethiopian Business Council. The council, approved by the General Authority of Foreign Trade (GAFT), aims to bolster economic ties between the two nations.

Ethiopian Petroleum and Energy Authority (EPA) announced the development of a national e-mobility strategy aimed at accelerating the adoption of electric vehicles (EVs) in the country.

Ministry of Urban and Infrastructure (MoUI) revealed that approximately 142,500 km of roads have been constructed over the past 26 years. This was reported during the Ethiopian Roads Administration's (ERA) 7^th annual road research conference, themed “Sustainable Road Infrastructure Development and Management through Research.”

In a move to enhance the country's gold supply and foreign currency reserves, the National Bank of Ethiopia (NBE) has issued a new directive allowing gold-producing companies to retain foreign currency earned from gold sales for a period of three months.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 27 August 2024.

Ethiopia implements a new vehicle insurance policy. Previously, the maximum death claim was capped at 5,000 birr, but the new policy raises this to a range of 30,000 to 250,000 birr.