2merkato

Africa Finance Corporation (AFC) has announced a USD 600 million financing facility to Greenview Fertiliser Corp., Dangote Group’s fertiliser holding company, to support the group’s fertiliser expansion programme in Nigeria and Ethiopia.

Ethiopian Shipping and Logistics (ESL) has resumed handling petroleum imports after nearly 40 years, marking a major operational shift for the state-owned logistics company and Ethiopia’s fuel supply chain.

The Addis Ababa City Administration has officially begun issuing new vehicle license plates featuring the international country code ETH, which is assigned to Ethiopia under the Vienna Convention.

The government of Ethiopia plans to collect around Birr 1.5 trillion in tax revenue during the fiscal year beginning July 8, 2026, according to the federal government’s draft revenue budget document.

The Dire Dawa-Dewele Railway Company has announced that it has increased its transport service from two trips per week to three.

MIDROC Investment Group and the International Finance Corporation have signed an 80 million US dollar long-term loan agreement.

A national stakeholder forum on the Warehouse Receipt System was held today, highlighting the system’s potential to transform Ethiopia’s agricultural economy, improve access to finance, and strengthen market stability.

The House of Peoples’ Representatives has approved a major amendment to Ethiopia’s Customs Proclamation, introducing tougher penalties against contraband trade, including the confiscation of vehicles used to transport illicit goods.

The Council of Ministers has referred the draft Federal Government budget for the 2026/27 fiscal year to the House of Peoples’ Representatives, proposing a total allocation of Birr 2.34 trillion.

The Ethiopian Capital Market Authority (ECMA) has granted a Capital Market Service Provider license to United Capital Financial Services PLC, making it the first foreign investment bank to establish a subsidiary in Ethiopia.