2merkato

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 05 September 2024.

The amount of gold supplied annually from Southwest Ethiopia to the National Bank has plummeted from 800 kilograms to just 90 kilograms, according to G/Mariam Setegn, Director of the region’s Minerals and Energy Agency.

The Addis Ababa Traffic Management Authority has announced that newly approved regulations for vehicle parking services in the city will be implemented this week. The new rules aim to optimize the use of parking spaces, particularly those underutilized in buildings, and increase the overall supply of vehicle parking.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 04 September 2024.

Nearly a decade after its much-anticipated launch, Addis Ababa's light-rail system is facing significant challenges, with only 15 of the original 41 trains still operational. The decline in service is attributed to a shortage of spare parts, inadequate maintenance facilities, and frequent power outages. 

The Ethiopian Construction Works Corporation (ECWC) is set to launch electric vehicle (EV) maintenance services in Addis Ababa. The corporation announced that its new maintenance workshop, located in the Kality area of the capital, will be the first in Ethiopia to offer specialized services for electric vehicles.

The Development Bank of Ethiopia (DBE) has reduced its bad loans from 57 percent to 6.5 percent, following reforms implemented over the past five years. In the most recent Ethiopian fiscal year, the bank extended loans worth Birr 32 billion and recorded a profit of Birr 5.5 billion.

The National Bank of Ethiopia (NBE) has finalized the licensing process for Independent Forex Bureaus, allowing more businesses and individuals to legally engage in the country's foreign exchange market.

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.