2merkato

The Council of Ministers approved a draft budget of Birr 801.6 billion for the 2023/2024 Ethiopian fiscal year.

Prepay Nation and Safaricom Ethiopia have partnered to allow Ethiopians living abroad to send mobile airtime to their loved ones back home. The partnership is expected to benefit over 2.5 million Ethiopians who live outside of their country, particularly in North America, Europe, the Middle East, and the Netherlands.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 06 June 2023.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 05 June 2023.

Ethiopian Construction Works Corporation (ECWC) and Djibouti's Enterprise Dawaleh Construction (EDC) have signed a memorandum of understanding (MoU) to strengthen their strategic collaboration.

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.