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Ethiopian Deposit Insurance Fund Aims to Bolster Financial Security

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Published on 29 March 2024
Category: Banking and Finance

investment license coins

The Ethiopian Deposit Insurance Fund (EDIF) is setting its sights on collecting Birr 6 billion in premiums this fiscal year. Their primary focus is on protecting deposits held by microfinance institutions, banks, and especially small depositors.

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Ethiopia's Coffee Exports Reach USD 716 Million in Eight Months

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Published on 29 March 2024
Category: Capital Market and Commodity Exchange

coffee-plantation

Ethiopia's coffee exports reached USD 716.35 million during the first eight months of the current fiscal year, according to the Ethiopian Coffee and Tea Authority. This represents 67% of the initial target of USD 1 billion in revenue from coffee exports within the same timeframe.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 28 March 2024

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Published on 29 March 2024
Category: Capital Market and Commodity Exchange

ECX LogoHere is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 28 March 2024.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 27 March 2024

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Published on 28 March 2024
Category: Capital Market and Commodity Exchange

ECX LogoHere is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 27 March 2024.

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Ethiopia: National Bank Unveils Plans for New Bank Law and Granting Fintech Licenses

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Published on 27 March 2024
Category: Banking and Finance

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Ethiopia's National Bank Governor, Mamo Mehretu, highlighted the transformative potential of digital financial services during a recent panel discussion on the Digital Ethiopia 2025 strategy review. His focus was on the upcoming changes driven by new regulations and increased competition.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 26 March 2024

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Published on 27 March 2024
Category: Capital Market and Commodity Exchange

ECX LogoHere is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 26 March 2024.

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Ethiopia: Djibouti Restricts NVOCCs as Multimodal Operators

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Published on 26 March 2024
Category: Transport and Logistics

Multimodal Djibouti

Djibouti threw a curveball at Ethiopia's plan to expand multimodal transport options. Djibouti banned non-vessel operators (NVOCCs) from acting as multimodal operators, despite Ethiopia approving three new companies for the role. Djibouti worries NVOCCs cannot guarantee logistics costs or ensure cargo safety. 

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Ethiopia, Pan African Federation of Accounting Team Up to Strengthen Accounting Practices

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Published on 26 March 2024
Category: Latest Business Alerts

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The Accounting and Auditing Board of Ethiopia (AABE) joined forces with the Pan African Federation of Accounting (PAFA) to host a "Quality Assurance Review Workshop." This initiative aims to elevate accounting and auditing standards across Africa.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 25 March 2024

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Published on 26 March 2024
Category: Capital Market and Commodity Exchange

ECX LogoHere is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 25 March 2024.

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Ethiopia Unearths Major Gold Deposits

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Published on 25 March 2024
Category: Energy and Mining

Gold Benishangul Gumuz

The Ethiopian Ministry of Mines has announced the discovery of gold deposits exceeding 517 tons across several regions, including Benishangul-Gumuz, Gambella, Oromia, and Tigray. This discovery is the culmination of extensive geological surveys conducted over the past 15 years, according to Mines State Minister Million Mathewos.

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