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Tsehay Bank increased its capital to Birr 5 billion within four moths of its inauguration. The bank announced the capital increment during its first general meeting. Tsehay Bank’s initial capital was Birr 2.8 billion.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 16 December 2022.

Ethiopian Airlines, the leading airline in Africa, is pleased to announce that it will resume direct services to Singapore on 25 March 2023. The flight will be operated four times a week with the ultramodern B787 Dreamliner.

Mitsubishi Corporation stated that it was interested to invest in Ethiopia in the textile and automotive sectors. Tetsuya Shinohara, Vice President of Mitsubishi Corporation, expressed his company’s interest during a visit to Ambassador of Ethiopia to Japan, Tefera Derbew.

Mitsubishi is currently involved in the construction of the Tulu Moye Geothermal Power Plant which has an expected capacity of generating 50MW of electricity when it becomes operational.

Source: Fana BC

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 15 December 2022.

The Ethiopian Embassy in London announced that it was ready to host an Ethiopian Coffee Exhibition in London on December 17, 2022. In a press release posted on its website, the Embassy stated that it was hosting the first Ethiopian Coffee Exhibition in the United Kingdom to create enabling environment for Ethiopian coffee enthusiasts, buyers, traders, and connoisseurs.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 14 December 2022.

Industrial Parks Development Corporation revealed that the performance of industrial parks had begun showing improvement after a period of relative stagnation. The CEO of the Corporation, Aklilu Tadesse, said that Ethiopia was able to see improvements because investors were able to access markets other than the United States where the country was a beneficiary of the African Growth and Opportunity Act (AGOA).

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 13 December 2022.

The African Development Bank Group approved a USD 10 million grant for the Tulu Moye Geothermal Project which would be used tie project’s drilling program. In 2020 a USD 1.55 million grant was allocated for the project by the USD International Development Corporation while Geothermal Risk Mitigation Facility provided an additional grant of USD 9.9 million.