2merkato

The Ministry of Mines fell short of its revenue target for mining activities between 2018 and the first quarter of the current fiscal year (2023/24), according to a report by the Office of the Federal Auditor General.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 19 June 2024.

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

Ethiopia continues to supply electricity to Sudan despite a significant decrease in daily consumption, according to the Ethiopian Electricity Authority.

The Institute of Ethiopian Standards (IES) has began work to implement a new system that allows manufacturers to purchase essential standards electronically. This shift from a physical to an online platform streamlines access to standards, potentially expediting the production process for Ethiopian manufacturers.

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

The Ethiopian government has finalized a study on electricity tariff reform, submitted to the Petroleum and Energy Authority. This initiative aims to recover electricity provision costs due to the declining global purchasing power of the dollar.

Ethiopia Commodity Exchange (ECX) announced a trading volume reaching Birr 23.6 billion for the current fiscal year. 

The Ethiopian Coffee and Tea Authority (ECTA) announced that May saw a significant surge in coffee exports, with over 43,481 tons shipped and a revenue of USD 209.54 million. This surpasses targets and represents the highest volume and revenue for a single month in the past three years.

A survey involving the drilling of 19 wells in the Ogaden region confirmed the presence of 21.336 billion cubic meters of natural gas. This latest discovery adds to Ethiopia's existing oil and natural gas deposits found in six locations across the country.