2merkato

Omo Bank announced that it was able to collect a revenue of Birr 1.5 billion during the 2021/2022 fiscal year. The bank also distributed loans which total Birr 3.5 billion. In addition, its total assets have reached Birr 12 billion.

The Ministry of Industry announced that 663 manufacturing industries became operational in the past 5 months creating employment opportunities for 9,600 individuals. The Ministry also stated that domestic products substituted import goods worth USD 708 million during the same period.

According to Melaku Alebel, Minister of Ministry of Industry, the manufacturing sector is being revived while investors are entering new investment areas. The country was able to export goods worth USD 161 million since the start of the current fiscal year.

Source: Ethiopian Press Agency

Ethiopian Airlines announced in a press release sent to 2merkato.com on 27 December 2022 that flights to Mekelle would start from Wednesday, 28 December 2022.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 26 December 2022.

The Ministry of Tourism unveiled services on Friday last week that would help the tourism sector of the country. Accordingly, the Ministry introduced a mobile application called Visit Ethiopia, a smart card service named Tourist Smart Card, and an application called Guzo which enables users to save money for tours at the Commercial Bank of Ethiopia.

Land Bank and Development Corporation announced that it was working to attract investment in real estate, health, hospitality, education and other sectors. It will be hosting an international forum under the theme Invest Origins in January. It has also made 2,000 hectares of land ready in Addis Ababa for investors who will engage in health, hospitality, education, and ICT investment sectors.

Ashewa Technology Solutions and Africom Technology signed a memorandum of understanding last week at the ICT Park in Addis Ababa to partner in various areas. The companies aim at establishing the largest digital economy in Ethiopia and expanding their eCommerce service nationally and internationally.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 23 December 2022.

United States’ Export-Import Bank approved a loan of USD 281 million to Ethiopian Airlines Group. The loan would be used to finance the import of several Boeing 737 MAX 8 aircrafts which will be fully imported by the end of March 2023. The Board of Directors of the bank approved the loan unanimously.

The Ministry of Agriculture disclosed that Ethiopia would start exporting wheat to East African countries including Kenya, Djibouti, and South Sudan. According to Isais Lemma, Director of Crop Development at the Ministry, Ethiopia has met the national demand for wheat after increasing wheat productivity.