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In a significant development, the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) elected a new president and leadership team during its general meeting on July 18, 2024. The meeting was held under the directive of the Ministry of Trade and Regional Integration.

Wegagen Bank has introduced a new digital loan service called "Efoita," designed to benefit various segments of society.

The Addis Ababa City Council approved a Birr 230.39 billion budget for the city's administration in the current fiscal year. This decision was reached after the council's fourth regular meeting, which concluded yesterday with the approval of various appointments.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 18 July 2024.

The horticulture sector has experienced a decline in foreign exchange earnings this year, with a decrease of USD 123 million compared to the previous year, according to Minister of Agriculture Girma Amente.

Ethiopia attracted USD 3.82 billion in foreign direct investment (FDI) during the recently concluded fiscal year, according to the Ethiopian Investment Commission.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 17 July 2024.

The Federal Documents Authentication and Registration Service (DARS) announced that it generated Birr 2.5 billion in revenue from its verification and registration services during the 2023/24 fiscal year.

The UAE Central Bank has partnered with the National Bank of Ethiopia to establish a bilateral currency swap agreement, aimed at enhancing financial and commercial cooperation between the two countries.

The Ethiopian Capital Market Authority (ECMA) announced a directive that will establish Ethiopia's first licensed securities exchange.