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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.

Boeing's Africa office, based in Addis Ababa, will officially begin operations in October 2024, according to Henok Teferra, Managing Director of Boeing Africa. The American aerospace company chose Ethiopia for its African headquarters due to the nation's achievements in aviation and its status as a continental hub.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 26 August 2024.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 23 August 2024.