2merkato

Ethiopia earned USD 32.61 million from five months’ electricity export to Sudan and Djibouti. The country sold 580 million KW to the neighboring countries. However, the revenue gained during the past five months showed a USD 6.2 million decrease when compared to the same period in the 2021/2022 fiscal year.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 12 January 2023.

Ethio Telecom earned a revenue of Birr 33.8 billion during the first half of the current fiscal year while increasing the number of its subscribers to 70 million. Out of the 70 million subscribers, 67.7 million are users of the Company’s mobile voice service. The number of subscribers for data and internet has reached 31.3 million.

Hawassa is hosting the National Micro, Small and Medium Enterprises’ Exhibition and Bazaar for the first time. The city was chosen to host the exhibition, among other reasons, to enhance Regional States’ capacity and experience in preparing national exhibitions. 

The exhibition is expected to stimulate the economy of Hawassa. It will see the participation of 224 micro and small enterprises and 22 small and medium manufacturing industries. In addition, it is anticipated that the exhibition will welcome more than 35 thousand visitors.  

Source (including image): Fana BC

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 11 January 2023.

Ethiopian Airlines, the leading airline in Africa, announced in a press release sent to 2merkato.com that the frequency of its flights to Chinese cities would increase as of 6 February 2023. The frequency will ultimately return to the pre-COVID19 levels on 1 March 2023 following the lifting of restrictions by the Government of China. As of 6 February 2023, Ethiopian Airlines will operate daily flights to Guangzhou while increasing its weekly flights to Beijing and Shanghai to four each and maintains the trice weekly operation to Chengdu.

Ethiopian Agricultural Authority announced that meat would be exported to China and Indonesia. Ethiopia has already expanded its meat export destination to the Far East. It was able to earn USD 50 million from meat exported within the last six months.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 10 January 2023.

Dashen Bank launched a credit transaction service called Dube Ale in collaboration with Eaglelion System Technologies which would allow the bank’s customers to pay for their purchases within three, six, and twelve months after the date of purchase. The service is available with and without interest.

Ethiopian Enterprise Development (EED) distributed loans totaling Birr 1.1 billion within the first half of this fiscal year to boost the capacity of enterprises. EED was also able to create employment opportunities for 13,774 individuals by establishing 1,647 new enterprises during the same period.