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Ethio Engineering Group (EEG) and YTO-CAMAC have signed a memorandum of understanding to construct a tractor factory in Ethiopia. The factory is expected to be completed in 11 months and will be capable of producing 50 tractors per day, or over 10,000 tractors annually.

Zam Zam Bank, Ethiopia's first interest-free bank, has announced plans to construct a 30-storey headquarters in the financial district of Addis Ababa at a cost of Birr 2 billion.

Ethiopia earned approximately USD 2.6 million from the export of rosemary during the 2022 harvest season. Out of the 49,550 quintals of rosemary produced that season, 49,365 were sent to the central market and 13,799 quintals were exported.

Ethiopian Airlines and Ethiopost have signed a memorandum of understanding (MOU) to transform Ethiopia's e-commerce landscape and position the country as a gateway for e-commerce in Africa.

The Addis Ababa City Labour Enterprise and Industry Development Bureau revealed that 481 enterprises have transitioned to high and medium industry in Addis Ababa. This was mentioned during the 12th round of the transition program of enterprises which was held yesterday.

Ethio Telecom and the Oromia Regional State’s Revenues Bureau have signed an agreement to implement a digital tax payment system through the Telebirr platform. This new system will replace the manual tax collection system, which has been causing unnecessary time and resource wastage for taxpayers.

Amhara Bank has announced that its paid-up capital has reached Birr 6 billion as it celebrates its first anniversary. The CEO of the bank, Henok Kebede, revealed that the bank's assets have reached Birr 28 billion, with Birr 19 billion in deposits and Birr 15 billion birr in loans to customers.

The bank has 1 million customers across its 260 branches in Ethiopia and offers modern mobile banking services, ATMs, POS, and interest-free banking services in addition to regular banking services.

Source: Fana BC

The Belayneh Kinde Group has commenced the assembly of electric vehicles at its plant in Debre Berhan city. The factory has started producing electric minibuses, light buses, and city buses, according to the group's Director of Communications.

Ethiopian Airlines Group, the fastest-growing airline brand globally and the continent’s largest airline brand, and the International Air Transport Association (IATA) signed an agreement on IATA CEIV Live Animals Certification Program on June 20, 2023 at the sidelines of IATA Focus Africa Conference hosted by Ethiopian Airlines Group at Ethiopian Skylight from June 20-21, 2023.

The Commercial Bank of Ethiopia has introduced a new interest-free deposit saving service called Lebbeyk Mudarabah which is designed to help Muslims save for their Hajj or Umrah pilgrimages.