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Rammis Bank, Ethiopia's fourth interest-free bank, officially opened its doors last week. The bank, which has a capital of Birr 2 billion is expected to play a significant role in expanding access to financial services in the country.

A new electric cable manufacturing factory is set to be built in Gondar city. The factory, which will be constructed by Jantekel Warka Trade Co., S.C., will cost Birr 300 million.

Shalom Health Care, a private limited company, broke ground on a USD 250 million medical equipment manufacturing plant in Hawassa, Ethiopia, last week. The plant, which is expected to be completed in two years, will create 5,000 jobs and help to alleviate the country's reliance on imported medical equipment.

The Ethiopian Shipping and Logistics Services Enterprise (ESLSE) announced that it would start construction of dry port terminals in Hawassa and Jimma within the next few months. Expansion works are also underway on 8 existing dry ports to facilitate logistics and meet the demands of customers.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 02 June 2023.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 01 June 2023.

TECNO Mobile, a leading mobile device manufacturer, held a high-profile exclusive event at the Addis Ababa Science Museum to unveil its latest and revolutionary cellphone mode, the Phantom V Fold ahead of its availability for Ethiopian cellphone consumers. The event marks a significant milestone for the company, as it brings its innovative new product to one of Africa's fastest-growing economies with a population of over 110 million people and home to a rapidly-growing consumer base, hungry for the latest mobile technology.

The House of People's Representatives (HPR) of Ethiopia approved a bill which ratified tax treaties with Switzerland and Luxembourg on May 30, 2023. The treaties aim to avoid double taxation and prevent tax evasion between the three countries.

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

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