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Despite ongoing challenges, Tigray's industrial sector is showing signs of recovery with the launch of 227 new businesses in the past nine months, according to Minister of Industry Melaku Alebel.

Ashewa Technology Solutions signed a collaboration agreement with Santim Pay Financial Solutions, aiming to offer customers more convenient and affordable payment options with lower transaction fees. CEO Daniel Bekele highlighted the importance of this partnership in providing alternative payment methods.

The Ministry of Agriculture announced earnings of USD 2.2 million from 800 tons of cotton produced in the past nine months. While this demonstrates potential, researchers warn that Ethiopia utilizes only a fraction of its suitable land for cotton cultivation.

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

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 21 May 2024.

The Ethiopian Insurance Corporation (EIC) is reporting a boost in its risk management capacity, exceeding Birr 6.2 trillion in the first nine months of the current Ethiopian fiscal year. This marks a 50% increase from the same period last year.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 20 May 2024.

The city administration's Public Service and Human Resource Development Bureau announced plans to outsource 46 government services to third-party providers. This initiative aims to improve service delivery and allow government institutions to focus on broader societal issues.

The Ethiopian Embassy in Istanbul has announced the convening of the Ethiopia-Türkiye Trade and Investment Forum, scheduled for May 27, 2024, at the headquarters of Müsiad in Istanbul, Türkiye.

Dashen Bank announced recognition from the International Finance Corporation (IFC), a member of the World Bank Group, for its international trade finance services.