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Ethiopia: Addis Ababa Bans Sports Betting Houses

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Published on 15 August 2024
Category: Latest Business Alerts

Sports Betting

The Addis Ababa Peace and Security Administration Bureau has implemented a complete ban on sports betting and gambling establishments within the city limits. According to Deputy Head Mideksa Kebede, the decision comes after the closure of 4,118 betting houses during the 2023/24 fiscal year.

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Ethiopia: SantimPay Financial Solutions to Roll Out 10,000 POS Machines

Details
Published on 15 August 2024
Category: Banking and Finance

Santim Pay

SantimPay Financial Solutions S.C. is set to expand its contactless payment network in Ethiopia with plans to deploy over 10,000 Point of Sale (POS) machines within the coming Ethiopian year (2017).

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Ethiopia: Government Announces Plans to Begin Construction of Awash Fuel Depot Railway Link with Djibouti's Horizon Terminal

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Published on 15 August 2024
Category: Transport and Logistics

Awash Djibouti

The Ethiopian government announced plans to commence the construction of a railway link between the Awash fuel depot and Djibouti's Horizon Terminal in the coming Ethiopian year (2017).

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Ethiopia: Ministry Collects Birr 512 Billion in Revenue

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Published on 15 August 2024
Category: Latest Business Alerts

MoR Logo

The Ministry of Revenues reported that it collected over Birr 512 billion birr was collected during the concluded fiscal year, failing short of the initial target of Birr 529 billion.

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

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Published on 15 August 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 August 2024.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 13 August 2024

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Published on 14 August 2024
Category: Capital Market and Commodity Exchange

ECX LogoHere is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 13 August 2024.

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Ethiopia: Siket Bank Registers Growth in Fiscal Year 2023/2024

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Published on 14 August 2024
Category: Banking and Finance

Siket Bank

Siket Bank has reported a gross profit of Birr 1.6 billion. This represents a substantial 49% increase compared to the previous year.

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Ethiopia and COMESA Join Forces to Boost Horticultural Exports

Details
Published on 14 August 2024
Category: Capital Market and Commodity Exchange

Horticulture COMESA

Ethiopia has taken a step towards expanding its horticultural exports by signing a Memorandum of Understanding (MoU) with the Common Market for Eastern and Southern Africa (COMESA). The agreement aims to enhance cooperation in the production and export of avocados, onions, and potatoes.

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Ethiopia Generates USD 180 Million from Coffee Export

Details
Published on 13 August 2024
Category: Import and Export

coffee-beans-roasted

Ethiopia raked in over USD 180.45 million from exporting 40,532 tons of coffee in July this year, marking a substantial increase of 132% in volume and 110% in revenue compared to the same period the previous year.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 12 August 2024

Details
Published on 13 August 2024
Category: Capital Market and Commodity Exchange

ECX LogoHere is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 12 August 2024.

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