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Ethiopia's Diaspora Remits USD 4.5 Billion Annually, EDS

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Published on 13 June 2024
Category: Latest Business Alerts

REMITTANCE 101

In the past five years, Ethiopians and foreign nationals of Ethiopian descent have sent an average of USD 4.5 billion back to Ethiopia annually. This significant financial contribution highlights the growing engagement of the diaspora.

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Ethiopia: Government Proposes Birr 971.2 Billion Budget for Upcoming Fiscal Year

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Published on 12 June 2024
Category: Latest Business Alerts

HPR Double Taxation

Ethiopia's government has proposed a budget of Birr 971.2 billion for the upcoming fiscal year, a significant increase of 21.1% compared to the 2023/24 budget. This draft plan was presented to the parliament by Finance Minister Ahmed Shide.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 11 June 2024

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Published on 12 June 2024
Category: Capital Market and Commodity Exchange

ECX LogoHere is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 11 June 2024.

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Ethiopia's Coffee Exports Show Strong Performance in May

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Published on 11 June 2024
Category: Import and Export

coffee-5278346 1280

Ethiopia exported 43,481.02 tons of coffee in May this year, exceeding its target by 105%. The export was accompanied by a revenue increase, generating USD 209.54 million, which surpassed the planned income by 107%.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 10 June 2024

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Published on 11 June 2024
Category: Capital Market and Commodity Exchange

ECX LogoHere is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 07 June 2024.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 07 June 2024

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Published on 08 June 2024
Category: Capital Market and Commodity Exchange

ECX LogoHere is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 07 June 2024.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 06 June 2024

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Published on 07 June 2024
Category: Capital Market and Commodity Exchange

ECX LogoHere is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 06 June 2024.

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Ethiopia: Modjo Green Logistics Centre Gears Up for Expansion

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Published on 07 June 2024
Category: Transport and Logistics

Modjo Dry

Ethiopia's Modjo Green Logistics Centre is undergoing a major expansion to become a world-class logistics hub. The project, funded by the Ethiopian Shipping and Logistics and the World Bank, will double the centre's size and significantly boost its container handling capacity.

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Ethiopia: Ethio-Engineering Group Inks Deals to Boost Manufacturing

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Published on 07 June 2024
Category: Manufacturing

EEG Logo 1

Ethio-Engineering Group signed two agreements to bolster Ethiopia's manufacturing sector.

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Grand Ethiopian Renaissance Dam Exceeds Power Generation Targets in First 10 Months

Details
Published on 05 June 2024
Category: Energy and Mining

GERD Ethiopia

The Grand Ethiopian Renaissance Dam (GERD) has surpassed expectations, generating over 2,700 gigawatt hours (GWh) of electricity in the last ten months, according to the Ethiopian Electric Power (EEP). This figure marks a 26% increase over the initial target of 2,152.8 GWh.

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