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The Ethiopian Insurance Corporation (EIC) announced a pre-tax profit of over Birr 1.6 billion for the 2023/24 fiscal year. The corporation revealed its achievement during its 37th annual meeting with senior management.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 29 August 2024.

Ethiopia’s Coffee and Tea Authority (ECTA) revealed that the country generated a record-breaking USD 1.43 billion in revenue from coffee exports during the 2023/24 fiscal year. This milestone marks the highest revenue Ethiopia has ever earned from its coffee industry.

The Central Ethiopia Region has attracted 268 investors, contributing more than Birr 13.4 billion in capital, according to the region's Investment and Industry Office.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 28 August 2024.

Ethiopian Electric Power garnered USD 25 million from its electricity sales to data mining comapnies in the 2023/24 fiscal year.

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.”