2merkato

Benishangul Gumuz Regional State disclosed that the revenue it earned from gold during the past nine months of this fiscal year was registered to be low when compared to the same period during the last fiscal year.

The Ethiopian Customs Commission (ECC) allowed 193 companies to be the beneficiaries of the “Privileged Economic Operators Program”. The program will give the recognized companies the opportunity to get quick services at any customs office of the Commission and Government institution.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 3 April 2023.

Hijra Bank agrees with Rays Micro Finance to utilize Sahaypay mobile money, the fastest growing mobile money system in Ethiopia. The customers of the two financial institutions will be able to transfer finance once the agreement starts being implemented. Rays Micro Finance implements Real Time Gross Settlement System (RTGS) to transfer money across banks.

Rays Microfinance Institution S.C. was established on in 2014. It finances goods, machineries, equipment, livestock trade, agriculture, construction, and small industries. Hijra Bank currently has 250,000 customers.

Source: The Ethiopian Herald

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

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

Awash Bank signed an agreement with Service Cops aiming to make digital microloans accessible to its 12 million customers. According to Service Cops, the digital microloan service will also reach non-bank customers in the future.

The House of Peoples’ Representatives has ratified the draft Digital Identity Proclamation with a view to establishing a uniform and reliable identity registration system which will be applied across the country. The proclamation was given a go ahead by the Council of Ministers and referred to the Parliament in August last year.

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

Lemi National Cement Factory is expected to start operation in January 2024. This was revealed during a Government Delegation visit to the factory’s construction site which was led by the Ministry of Urban Development and Infrastructure. Machine installation will commence in June this year after the construction of the factory is finalized.