2merkato

Dashen Bank, a leading private bank in Ethiopia, has announced impressive financial results for the last fiscal year. The bank reported a total income of Birr 18 billion and a profit before tax of Birr 5 billion. The bank's profit before tax for the current year exceeded the previous year's by 31.9%

Ethiopia has earned over USD 356 million from the export of 70,480 tons coffee, tea, and spice in the first quarter of the current fiscal year, according to the Ethiopian Coffee and Tea Authority (ECTA).

The number of bank deposit accounts in Ethiopia has risen from 98.59 million in June 2022 to 129.52 million in June 2023, the National Bank of Ethiopia revealed.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 31 October 2023.

The Ethiopian Petroleum and Energy Authority (EPEA) announced that a petroleum control bill aimed at regulating and overseeing the operations of oil marketing and distribution was being drafted. The bill serves to establish a structured operating system and enable legal and administrative actions against any illicit activities discovered.

The African Economic Conference (AEC) serves as the primary pan-African platform for addressing emerging economic opportunities and challenges. This year, the conference will take place from November 16-18, 2023, adopting a hybrid format with the physical venue at the UN Conference Centre in Addis Ababa, Ethiopia.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 30 October 2023.

In the first quarter of the current fiscal year, Ethiopia replaced imports amounting to USD 350 million.

The Commercial Bank of Ethiopia (CBE) announced that its digital financial transaction volume had exceeded Birr 1.3 trillion in the first quarter of the current fiscal year.

The Ministry of Industry has unveiled its ambitious strategy to propel the growth of the manufacturing industry sector to a remarkable 10.5 percent over the next three years.