2merkato

The African Union is set to launch a new continent wide credit rating agency in October as part of efforts to address high borrowing costs faced by African governments and strengthen the continent’s role in reforming the global financial system.

The Ethiopian Pharmaceutical Supply Service has won the Gold Award at the fifth Africa Supply Chain Excellence Awards, held in Pretoria, South Africa, recognising reforms in pharmaceutical procurement and supply chain management.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 01 September 2026.

The Addis Ababa Chamber of Commerce and Sectoral Associations and China’s International Export Promotion Bureau have signed a memorandum of understanding aimed at strengthening trade and investment cooperation between Ethiopia and China.

The Federal Attorney General has announced that the government recovered or secured more than Birr 2.29 billion during the 2025/26 fiscal year through court decisions, settlements, negotiations and other asset recovery measures targeting illegally acquired wealth.

Ethiopia has moved closer to completing the restructuring of its USD 1 billion Eurobond after official creditors approved a preliminary agreement reached between the government and private bondholders, the Ministry of Finance announced.

The National Bank of Ethiopia (NBE) has announced plans to establish a central Shari’ah Advisory Board to strengthen governance and oversight of the country’s growing interest free banking sector.

Chinese construction companies have emerged as leading contenders in the shortlist for the construction of Ethiopian Airlines’ planned new airport, as the airline moves closer to awarding major construction contracts for the USD 12.5 billion aviation project.

China’s Zijin Gold International has acquired approximately 9.2 percent of Canadian mining company Allied Gold Corporation, giving the company indirect exposure to major gold assets including the Kurmuk project in western Ethiopia.

Ethiopian and Chinese businesses have signed 33 trade agreements worth more than USD 340 million as part of efforts to expand bilateral trade and increase Ethiopia's exports to the Chinese market.