2merkato

Ethiopia’s largest Fast Moving Consumer Goods (FMCG) platform, SAMANU, will receive a USD 21 million growth capital investment from Norfund, the Norwegian Investment Fund for Developing Countries, and a consortium of private investors managed by 54 Capital.

Domestic products substituted import goods worth USD 1.1 billion during the first half of the 2022/2023 fiscal year. Manufacturing companies were also able to generate USD 194 million from export trade.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 23 January 2023.

Ethiopian Investment Commission (EIC) and Dubai International Chamber of Commerce agreed to form an alliance to promote the investment opportunities in Ethiopia to investors in Dubai.

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.