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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.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 22 July 2024.

Export revenue from industrial parks falls short of expectations in the 2023/24 fiscal year. The Ethiopian Investment Commission (EIC) reported a total export value of USD 115.2 million, 46% of the targeted amount.

In a significant development, the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) elected a new president and leadership team during its general meeting on July 18, 2024. The meeting was held under the directive of the Ministry of Trade and Regional Integration.