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In a dramatic departure from its longstanding economic policies, the National Bank of Ethiopia (NBE) has introduced sweeping reforms to its foreign exchange regime. The move, aimed at stimulating growth and attracting foreign investment, is expected to have far-reaching implications for the country's economy.

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

Ethiopian Shipping and Logistics (ESL) generated a revenue of Birr 57.14 billion birr, surpassing its financial targets for the 2023/24 fiscal year by 20%. The company also achieved a profit of Birr 8 billion.

The Commercial Bank of Ethiopia (CBE) introduced an upgraded version of its digital wallet, CBE Birr Plus, aiming to serve the increasing digital platform user base. The move comes as digital transactions continue to dominate the banking landscape, accounting for a substantial 72 percent of the bank’s total transactions in the past fiscal year, according to Deputy and Acting President Ephrem Mekuria.

Awash Bank announced a strong financial performance for the 2023/24 fiscal year, reporting a gross profit of Birr 11.6 billion.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 25 July 2024.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 24 July 2024.

The Ethiopian Investment Commission (EIC) has outlined its strategy to attract significant foreign direct investment (FDI) in the current fiscal year. The Commission aims to issue 386 new investment licenses and generate USD 4.52 billion from FDI.

Ethiopian Airlines Group's maintenance and training division, Ethiopian MRO, has signed a Letter of Intent with ATR, a leading manufacturer of regional aircraft. This partnership, finalized at the Farnborough International Air Show 2024, aims to enhance Ethiopian MRO's capabilities in both ATR aircraft maintenance and pilot training.

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