Ethiopian Coffee and Tea Authority (ECTA) announced that spice exports generated USD 7.5 million from 8,400 tons sold over the past 11 months. This reflects a 2,000-ton increase compared to the same period last year.
Ethiopia's and East Africa's tallest building, the headquarters of the Commercial Bank of Ethiopia (CBE) has been inaugurated in Addis Ababa on Sunday, February 13, 2022. The grand opening of the 209-meter-long 53-storey tower also marks the 80th anniversary of CBE.
Tana Beles Sugar Factory, located in Awi zone of Ethiopia's Amhara region, has begun trial production. When it goes fully operational, the factory will produce two million quintals of sugar per year, it was learned.
Ethiopia's tea industry has experienced a growth spurt in the 2023/24 fiscal year, with exports exceeding 1,142 tons and generating over USD 2 million in revenue. This represents a substantial increase of 292 tons compared to the previous year.
Ethiopia's Telebirr has partnered with Zeepay, the Ghanaian fintech company, to facilitate cross-border payments. The partnership aims to open up digital payments across Africa, and give Telebirr access to over 150 million customers.
