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Eaglelion System Technology and Mastecard signed a memorandum of understanding to enhance and globalize Ethiopia’s digital economy. According to Besufkad Getachew, Founder and CEO of Eaglelion, the agreement will help Ethiopia to get access to foreign exchange, develop infrastructure, and create developed cities and educated society.

Sewasew Multimedia, an Ethiopian multimedia streaming platform, signed agreements with several artists including Maritu Legesse and Teddy Afro. It also launched its premium program during the signing ceremony. 

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 8 December 2022.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 7 December 2022.

Bunna Bank announced that it was preparing to build a new headquarters in Addis Ababa. This was announced during the bank’s 13^th general meeting which was held on Sunday.

Ethiopian Ambassador to Japan, Tefera Derbew, called Japanese investors to invest in Ethiopia. Representatives of 13 Japanese companies were briefed about investment opportunities in Ethiopia, the level of infrastructure and business climate in the country, and incentives available for foreign investors during an investment seminar which was organized by Ethiopian Embassy in Japan.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 5 December 2022.

Development Bank of Ethiopia (DBE) revealed that it had collected Birr 743.1 million in net profit during the first quarter of the current fiscal year achieving 87% of its plan. The bank’s total revenue reached Birr 2.03 billion during the same period.

Unity Parking Lot which has a capacity of accommodating a total of 1,020 vehicles at a time, was inaugurated on Monday by Prime Minister Abiy Ahmed. The parking lot is situated on 1.2 hectares of land and connected with Unity Park through an underground tunnel which is 105 meters long.

Ethiopian Coffee and Tea Authority announced that Ethiopia was able to collect USD 526 million from coffee export during the first four months of the 2022/2023 fiscal year. The revenue surpasses last year’s gain from coffee during the same period by USD 126 million. According to the Authority, Germany is the largest importer of Ethiopian coffee followed by the United States and Saudi Arabia.