2merkato

The Ministry of Trade and Regional Integration (MoTRI) announced on the evening of Friday, September 29, 2023, that it has made the first retail price adjustment of the new Ethiopian year.

The revised price of the different types of fuel/gas is as follows.

Fuel price adjustments were made on August 29 this year. The Ministry cited the global surge in fuel prices as the main reason for the fuel price increment. The revision of retail selling prices for petroleum products is determined monthly based on the global oil market prices and occasionally remains unchanged.

Source: BBC Amharic and 2Merkato Archives

Ethiopia's Ambassador to Russia, Cham Ugala Uriat, has made an announcement regarding the country's plans to manufacture Russian Lada cars specifically for the African market.

Ethiopian Airlines has made an announcement regarding the upcoming resumption of its direct passenger flights to Bangui, the capital of the Central African Republic (CAR), starting in November 2023. These flights will operate three times a week, specifically on Tuesdays, Fridays, and Sundays.

Americana, the leading quick-service restaurant chain in the Middle East and North Africa (MENA) region, has announced plans to construct a new poultry feed plant in Addis Ababa, Ethiopia. This strategic move aims to support the company's expanding operations in the area.

During the current Ethiopian fiscal year, the Development Bank of Ethiopia (DBE) has committed to offering loans exceeding Birr 20.4 billion Birr to small and medium-sized enterprises (SMEs). DBE has been actively involved in supporting SMEs by providing both financial assistance and training, recognizing the sector's potential to contribute to the national economy.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 26 September 2023.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 25 September 2023.

Yo Holding, an Ethiopian company, announced that it had established the first coal washing plant in the country, eliminating the need for costly imports.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 21 September 2023.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 20 September 2023.