2merkato

The Shire Endaslassie branch of the Commercial Bank of Ethiopia reported the purchase of 13.4 quintals of gold from legal gold dealers over the past three months. The bank’s branch manager, Mr. Tekie Gidey, revealed that the purchases were made from traditional gold producers during July, August, and September.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 16 October 2024.

Dashen Bank achieved a profit of Birr 6.4 billion in the past fiscal year, as reported during the 31^st regular and 26^th Iemergency meeting of shareholders held on October 15, 2024, at the Millennium Hall.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 15 October 2024.

Meta Platforms, in partnership with Ethio telecom, has announced a flagship initiative aimed at enhancing digital services in Ethiopia. This collaboration follows strategic discussions between Ethio telecom CEO Frehiwot Tamru and Meta’s Director of Business Development for the Middle East and Africa, Vikas Menon, along with senior Meta executives.

The National Bank of Ethiopia (NBE) today introduced revised regulations on foreign exchange-related spreads and fees.

The Ethiopian Customs Commission (ECC) has announced a record revenue collection of Birr 88.1 billion for the first quarter of the fiscal year, surpassing its initial target of Birr 87.2 billion. This achievement marks an impressive 0.86% increase beyond the Commission’s goal.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 14 October 2024.

Zemen Insurance announced at its 6th regular general meeting of shareholders that it achieved a substantial growth in premium income over the past fiscal year.

TOYO Solar has signed a Memorandum of Understanding (MoU) with the Ethiopian Investment Commission (EIC) to invest USD 60 million in establishing its first solar cell manufacturing plant in Ethiopia. The new facility will be located in the Hawassa Industrial Park.