2merkato

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.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 17 May 2024.

In a recent development, BGI Ethiopia and Purpose Black have reached an agreement through court mediation, resolving their ongoing dispute. The Federal High Court approved the settlement, leading to the closure of the case and the lifting of a previously imposed ban.

The House of Representatives reviewed a bill proposing changes to the export tax incentive system. The amendment aims to boost industrial growth and foreign currency acquisition by empowering the executive branch with time limit adjustments and reducing penalties for unused imported raw materials.

Awash Bank is named the best bank in Ethiopia by Global Finance magazine for 2024, further solidifying its position among the top financial institutions on the African continent. This recognition places Awash Bank within the elite group of the 36 leading banks across Africa.

The Ministry of Revenues announced surpassing its collection target for the first ten months of the fiscal year. As of today, the Ministry has amassed over Birr 425 billion in taxes, exceeding the targeted amount by Birr 4.91 billion and representing an increase compared to the same period last year.