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Omo Bank secured a gross profit of Birr 77 million during the past six months. The bank got approval from the National Bank of Ethiopia to transition from a micro finance institution to a bank in June last year.

South Sudan licensed Tele Mobile which would be the fourth telecom service provider in the country after MTN, D.G. TEL, and Zain Telecom.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 20 January 2023.

Addis Ababa will host All-African Leather Fair (AALF) for three days between February 16 and 18, 2023. Ethiopian Leather Industries Association (ELIA) is behind the leather fair which will be held in Millennium Hall.

Ethiopian Airlines, the largest network operator in Africa is pleased to announce that it has finalized all preparations to commence a new service between Addis Ababa, Ethiopia and Atlanta, USA. Ethiopian will operate a four times weekly flight to Atlanta (ATL) starting from 16 May 2023.

Ethiopian Airlines Group (ET) has partnered with MailAmericas (MA), a private postal operator and gold member of the consultive committee for the Universal Postal Union, to develop competitive cross border ecommerce services within Africa and the Middle East using Addis Ababa as a hub.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 18 January 2023.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 17 January 2023.

Ethiopia and Djibouti agreed to revise the prices of agricultural products, mainly fruits and vegetables. The two countries reached an agreement to readjust the prices of the products after forty years in a joint technical committee meeting held between January 15 and 16.

Pakistan’s Arif Habib Group showed interest to invest in cement, fertilizer, and steel manufacturing in Ethiopia. Ethiopian Investment Commission’s (EIC) Commissioner Lelise Nemie met with the CEO of the Group Muhammad Kashif and Ethiopian Ambassador to Pakistan H.E Jamal Baker yesterday.