2merkato

The Industrial Parks Development Corporation (IPDC) plans to construct over 100 industrial parks in Ethiopia in the coming years. This ambitious plan is aimed at driving the country's industrialization and economic growth.

With the goal of becoming the top construction firm in Africa, the Ethiopian Construction Works Corporation (ECWC) is launching an expansion strategy to develop its presence in Kenya and South Sudan. It also intends to establish branches in additional African nations, such as Egypt, Rwanda, Equatorial Guinea, and others.

Visa, a leading global provider of digital payment solutions, has joined forces with Enkopa Summit as the Platinum Sponsor for its annual event, scheduled to take place on October 12-13, 2023, at the Science Museum in Addis Ababa, Ethiopia.

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

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 29 August 2023.

The Ethiopian Ministry of Trade and Regional Integration announced a revision on prices for fuel, starting from August 29, 2023. The Ministry cited the global surge in fuel prices as the main reason for the fuel price increment. The fuel prices remained unchanged since June, 2023.

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

Source: Fana BC

Ethiopian Shipping and Logistics (ESL) has started exporting live animals from a new quarantine facility in Mille, Afar Region. The company has transported the first 7,000 sheep from Mille Quarantine Center to Djibouti Port using 28 trucks.

Abai Bank and Safaricom M-PESA have partnered to create a strategic business relationship. Abai Bank has been designated as Safaricom's M-Pesa super agent, responsible for facilitating mobile banking and agent banking activities.

Dashen Bank, one of Ethiopia's largest banks, has received a USD 40 million loan from the British International Investment (BII) and the Dutch Entrepreneurial Development Bank (FMO). The loan will help Dashen Bank strengthen its export lending capabilities and support agricultural product exporters by facilitating the purchase of new machinery.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 28 August 2023.