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Five international companies have signed agreements with the Ethiopian Investment Commission (EIC) to invest a total of USD 1.6 billion in Ethiopia, marking a major milestone in the country’s push to attract foreign direct investment.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 12 May 2025.

The Ethiopian Railway Corporation (ERC) has largely fended off a billion dollar compensation claim filed by a Turkish contractor over the Awash-Kombolcha-Hara Gebeya railway project, following a two-year international arbitration process in London.

Addis Ababa licensed 2,537 new investors in the first ten months of the current Ethiopian fiscal year, according to the Addis Ababa City Administration Investment Commission (AAIC).

Communications Director Meseret Woldemariam stated that the Commission also renewed licenses for 2,760 investors during this period.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 09 May 2025.

Safaricom Ethiopia has reported a 270% increase in annual revenue, reaching Birr 7.2 billionfor the fiscal year ending March 31, 2025, up from Birr 2.7 billion the previous year. Despite the revenue growth, the company remains in its investment phase, recording an operating expense of Birr 47 billion.

Ethio Telecom has unveiled “Zemen Gebeya,” a nationwide online marketplace aimed at revolutionizing commerce in Ethiopia. The platform is designed to connect businesses of all sizes, micro to large enterprises, facilitating the seamless exchange of goods and services.

The Ministry of Trade and Regional Integration has announced a new increase in retail fuel prices effective from May 08, 2025. E.C.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 08 May 2025.

M-Pesa Safaricom has officially launched a digital fuel payment service at the Bole Total Energies gas station in Addis Ababa, enabling customers to pay for fuel directly through their mobile phones.