Ethiopia's inflation rate jumped to 8.5 percent in October from 6.9 percent a month earlier, driven primarily by higher food prices, Reuters reported, citing data from the Ethiopia's Central Statistical Agency.
Ethio Life and General Insurance S.C, (ELiG) a leading composite insurer in Ethiopia, providing innovative life and non-life insurance products in the country has signed up Beyontec Suite, a core insurance solution from Beyontec, to transform its operations to digital.
Ethiopia's Industrials Parks Development Corporation (IDPC) has inked two investment agreements with Elauto Engineering and Trade PLC and Kambote which are aimed to boost Ethiopia’s export trade in the automobile and textiles industries.
EthSwitch, the inter-bank interaction service provider in Ethiopia, announced that there have been 5.4 million interbank transactions in January 2022, with 5.8 billion birr value.
Ethiopia's Kombolcha Industrial Park announced that it has earned over $7.4 million from exports over eight months since July 2021.
