2merkato

Ethiopia secured USD 140 million from energy exports in the recently concluded Ethiopian fiscal year, marking a 16 percent increase from the previous year. A 17 percent increase was registered in domestic energy demand compared to last year.

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

Wegagen Bank, in collaboration with Visa Inc., has launched its International Prepaid Visa Card service, allowing customers, embassy staff, and international organization employees to make global payments without carrying cash.

Ethiopian Airlines Group is set to harness its logistics hub to distribute products for AliExpress, the Chinese online retail giant. The official launch of AliExpress in Ethiopia will take place on August 22, 2024, at Skylight Hotel, Airport Road. Senior executives from both companies are expected to attend this significant event.

Ethiopian Electric Power (EEP) has signed an agreement with Kurmuk Gold Mine Private Limited Company (Kurmuk PLC) to supply electricity for the mining company's operations. The agreement was formalized in a signing ceremony attended by EEP's Chief Executive Officer, Engineer Ashebr Balcha, and the General Manager of Kurmuk PLC, Broks Worku.

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

The Ministry of Trade and Regional Integration has announced the organization of a national trade exhibition, set to take place from August 25 to 29, 2024, at its headquarters. The event, themed "Buy Ethiopian Products," aims to raise awareness on trade and regional issues while fostering connections between consumers and sellers.

Amhara Bank has reported a pre-tax profit of Birr 377.2 million for the recently concluded fiscal year. Acting CEO, Chanyalew Demse, announced that the bank's total deposits have reached Birr 25.1 billion, with Birr 20.3 billion disbursed as loans to various sectors, prioritizing financial access and inclusion.

Dashen Bank, in partnership with EagleLion System Technology, has launched an Interest-Free Banking (IFB) to its Dube Ale service known as "Dube Ale-Interest Free Banking" (DubeAle-IFB). This service introduces a Buy-Now Pay Later model, allowing customers to purchase goods and services on credit, all while adhering to Shariah principles.

Ethio telecom has taken a step towards diversifying its services by introducing a new international digital money transfer service in partnership with VISA, a global leader in digital payment technology. The collaboration was formalized with the signing of a strategic agreement between Ethio telecom CEO, Frehiwot Tamru, and VISA’s Country Manager, Yared Tadele.