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The Commercial Bank of Ethiopia (CBE) and Oromia Cooperative Unions Expansion Agency signed an agreement to work together. The agreement will enable farmers to pay for fertilizes and agricultural equipment which they buy from the Agency using mobile banking.

Ethiopia secured USD 41.8 million from exporting 5,900 tons of meat products. Dubai, Saudi Arabia, and Kuwait are among the top destinations for Ethiopian meat. According to Ethiopian Agricultural Authority, Ethiopia has the potential to export 200 thousand tons of meat per year.

Governor of the National Bank of Ethiopia, Yinager Dessie (PhD), announced that the draft Security Right Proclamation would be implemented soon. The Proclamation will allow individuals and companies to borrow from banks by registering their movable assets as security.

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.