2merkato

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.

The first ever GITEX Africa opens its doors in Marrakesh, Morocco on 31 May and will run until June 2nd, 2023. As Africa's largest trade fair for technology and start-ups, GITEX Africa's mission is to strengthen digital transformation cooperation and partnerships across the continent, shaping the vision for a more connected, inclusive and sustainable digital economy. As one of the key players at this event, Huawei, a Platinum Sponsor, is reaffirming its commitment to unleashing the potential of digital technology to guide Africa towards new and ever more promising horizons.

Sidama Bank has announced plans to open 130 branches across Ethiopia in the next financial year. The bank's president, Ato Tadese Hatia, said that the expansion was part of a strategy to increase capital and expand access to financial services.

The Ethiopian Investment Commission (EIC) has launched a new project to attract investment in the country's agro-processing sector. The project, which is supported by the International Finance Corporation (IFC), will focus on lead generation, outreach, follow-up, and conversion.

Russian automakers are exploring the possibility of establishing an assembly plant in Ethiopia. In early April, representatives from renowned Russian car manufacturers Lada and GAZ Group expressed their interest in investing in the Dire-Dawa Free Trade Zone in Ethiopia. During their meeting with the leadership of the Ethiopian Industrial Parks Development Corporation, the representatives expressed their desire to manufacture various products and supply them to the Ethiopian market.

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