The Commercial Bank of Ethiopia (CBE) and Oromia Cooperative Unions Expansion Agency signed an agreement to work together. The agreement will enable farmers to pay for fertilizes and agricultural equipment which they buy from the Agency using mobile banking.
Ethiopia secured USD 41.8 million from exporting 5,900 tons of meat products. Dubai, Saudi Arabia, and Kuwait are among the top destinations for Ethiopian meat. According to Ethiopian Agricultural Authority, Ethiopia has the potential to export 200 thousand tons of meat per year.
Governor of the National Bank of Ethiopia, Yinager Dessie (PhD), announced that the draft Security Right Proclamation would be implemented soon. The Proclamation will allow individuals and companies to borrow from banks by registering their movable assets as security.
Tsehay Bank increased its capital to Birr 5 billion within four moths of its inauguration. The bank announced the capital increment during its first general meeting. Tsehay Bank’s initial capital was Birr 2.8 billion.
Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 16 December 2022.
