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Dire Dawa Dry Port and Terminal, which was built at a cost of USD 68 million on 34.1 hectares of land, commenced services on Thursday. The dry port has a capacity to handle 128,000 containers annually when it becomes fully operational and is expected to reduce foreign currency expenditures.

Ethiopost announced that it would launch premium insurance services for customers who transport goods using the postal company’s logistics service. The company’s CEO Hana Arayaselassie also stated that Ethiopost was providing transit e-commerce services across various countries in Africa.

During a stakeholders’ consultation that was organized by the Addis Ababa Chamber of Commerce and Sectoral Associations, Ethiopian Capital Market Authority, and Ethiopian Securities Exchange under the theme “Ethiopia’s Capital Market”, it was announced that works were underway to license capital market service providers within six months.

Ethiopia attracted USD 2 billion foreign direct investment (FDI) in the first half of the current fiscal year. The figure shows an increment of 22.3% when compared to the first six months of the 2021/2022 fiscal year.

The Commercial Bank of Ethiopia secured a Birr 13 billion profit during the past six months while it collected Birr 58.7 billion in revenue. The bank’s total assets also reached Birr 1.2 trillion and the bank opened 55 new branches increasing the number of its branches in the country to 1,879.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 2 February 2023.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 1 February 2023.

Ethiopost gained a revenue of Birr 568 million in the past six months of the current fiscal year. The company was able to collect the revenue from letter and package deliveries, EMS, logistics, and transport services. Ethiopost’s gross profit also reached Birr 146 million during the same period.

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

The Ethiopian Investment Commission (EIC) and the Embassy of the United Arab Emirates in Ethiopia held a discussion on strengthening investment ties between Ethiopia and the UAE. The parties raised various issues including investment promotion and aftercare services and reached an understanding to attract more UAE investments to Ethiopia.