Central bank adjusts gold purchase price, again
The central bank has done away entirely with incentives it had previously introduced in an effort to salvage rapidly declining gold supply.
Oromia to unveil ETB 1.2 billion khat trading centers in coming weeks.
The Oromia Trade Bureau has finalized the construction of three khat trade centers with a price tag of 400 million birr apiece. Regional trade officials expect the facilities to start operations in the coming month, and all farmers, suppliers, and exporters of the stimulant leaf will be obliged to conduct transactions using the trade centers.
Top 10 Electronics Exporters by Country 2022-23
The Electronics Industry is made up of companies that manufacture, design, assemble, and service electronic products. These products consist of materials, parts, components, subassemblies, and equipment that use the principles of electronics to perform their major functions.
Drop in global coffee prices forced Ethiopia to default on $133 million contracts
Ethiopian coffee exporters have defaulted on 394 coffee export contracts since October 2022. The exporters say they have no choice but to breech their contract because the international coffee price has dropped below the local price in Ethiopia, slashing the profit margin they had anticipated
Local gold mining invests $2 billion in Ethiopia
With a total of $2 billion Investment capital, a local gold mining investment by Time Mineral of Time General Business Group goes operational today in Southern Ethiopia along the Genale River.
Organizations venture to mobilize finance for Africa’s infrastructure
The African Development Bank, Africa50, and the newly launched Africa Sovereign Investors Forum (ASIF) have signed a letter of intent to collaborate on developing green and climate resilient infrastructure projects across Africa.
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Local gold mining invests $2 billion in Ethiopia
30 Mar 2023