2merkato

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.

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.

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

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%.

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

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

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

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.

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

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.