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Ethio Telecom upgraded its Telebirr SuperApp to the next level with the launch of Telebirr Engage, transforming it into a comprehensive suite for communication, finance, and social interaction.

The Ethio-Djibouti Railway Share Company (EDR) is chugging along towards a good year, reporting strong revenue growth in the past nine months. The company earned Birr 2.84 billion from railway services so far.

Addis Ababa Investment Commission exceeded its targets for attracting investment and creating jobs over the past nine months.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 15 April 2024.

Kenya's plan to import electricity from Ethiopia faces potential roadblocks due to the worsening energy crisis in the nation. The Energy and Petroleum Regulatory Authority (EPRA) is concerned that power shortages in Addis Ababa could disrupt supply to Nairobi, potentially forcing a renegotiation of the 25-year power purchase agreement (PPA) signed in July 2022.

The Ethiopian Electric Utility (EEU) signed a memorandum of understanding (MoU) with Huawei on Friday to achieving universal electricity access. This agreement, signed during the Ethiopia Green Energy Summit 2024, aims to provide electricity to people living in remote areas currently not connected to the national grid.

Over the past eight months, domestic sales of products manufactured at the Arerti Industrial Park reached Birr 1 billion. The industrial park sits on 150 hectares of land and is located in Arerti, Oromia. It specializes in Textiles, Ceramics, and Woodwork.

The Mastercard Foundation Fund for Resilience and Prosperity launched an Agribusiness Challenge Fund, calling for proposals from SMEs in the agriculture sector that can create work opportunities at scale for young women and men, young persons with disabilities, and refugee youth.

East African flower growers can expect a boost in business thanks to a new tax break from the UK. Announced by the UK High Commission in Nairobi, the initiative offers duty-free access for cut flower exports from the region until 2026.

Ethiopia's electric grid is set for a major boost with a USD 500 million investment from the World Bank. The Ethiopian Electric Power (EEP) announced plans to build 14 new power distribution stations and lines, alongside renovations of existing power plants and distribution networks.