Ethiopian Electric Power (EEP) will start exploring electricity to Kenya in November this year. The company is planning to get USD 145 million in the current fiscal year from electricity export which destines Sudan, Djibouti, and Kenya.
Abyssinia Resources Development, a subsidiary of Akobo Minerals, secured a USD 8.5 million loan facility from Monetary Metals, a US based company. The fund will help Akobo advance its gold mining development work in Segele which is at its final stage.
Ethio-Djibouti Railway stated that it was carrying out various activities to expand its services. It is currently preparing to start transporting perishable items including fruits and vegetables. In addition, the railway company will also commence deploying wagons which carry mineral products and envisages providing passenger services to tourists who wish to visit Ethiopia and Djibouti.
Powered by Mastercard Payment Gateway Services (MPGS), Hibir e-commerce will enable businesses in Ethiopia to sell their products and reach new international customers online.
Hibret Bank pioneered in launching Hibir e-commerce, a digital payments platform that allows Ethiopian businesses and retailers to accept international card payments for online purchases. Hibir e-commerce is first-of- its kind in the Ethiopian banking industry. This move is expected to help local businesses reach new markets and increase revenue while expanding Ethiopia’s access to the digital economy.
Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 9 November 2022.
