Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 12 August 2022.Add a comment Add a comment
Semerita Sewasew, State Minister for Economic Cooperation of the Ministry of Finance, and the representative of the World Bank’s Green Climate Fund (GCF), Asaye Legesse, signed a USD 165.2 million grant and loan agreement for the implementation of a sustainable land management program that reduces land degradation and improves productivity.Add a comment Add a comment
World Cooperation Industries Forum (WCI Forum) makes Ethiopian traders and businesspersons guests of honor in the WCI forum which will be held in Ankara for the seventh time between September 14 and 15 this year. a result of their status, Ethiopian participants would enjoy special discounts, it was learnt.
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Woda Steel Company, a Chinese company which is located in Sebeta town, signed a memorandum of understanding with Ethiopian Investment Commission (EIC) to upgrade itself to an industrial park. According to Steven Sue, Head of Woda, the industrial park will specialize in metal engineering, cables manufacturing, automotive, and tire industries.Add a comment Add a comment
Ethiopian Enterprise Development (EED) reported that it would facilitate the provision of operating loan and machine lease to manufacturing enterprises in the current fiscal year by strengthening engagements with regional bureaus and financial institutions.
Accordingly, it revealed that operating loans totaling ETB 1.66 billion would be distributed to 1,591 manufacturing enterprises through banks and microfinance institutions. EED also stated that production equipment worth ETB 1.6 billion would be provided to 1,430 enterprises.Add a comment Add a comment
The President of Oromia Regional State Shimels Abdissa announced that various activities were undertaken to promote Oromia tourism destinations internationally. The President said this during the opening program of Oromia Tourism and Technology Week.
The tourism and technology week opened today at Skylight hotel in the presence of Shimels Abdissa – the President of Oromia, Nasisse Chali – the Minister of Toursim, Lelisse Duga – Oromia Tourism Commission Commissioner, and other officials.Add a comment Add a comment
Ethiopia will host the African Tech Expo for the first time in September this year. The expo will commence on September 7 and end on September 9, two days before the Ethiopian new year.
Ambassador Dina Mufti, Director General of Public Diplomacy at the Ministry of Foreign Affairs and Samson Haileyesus, Director of Jorka Events Communication gave a joint statement on the exhibition. According to Samson Haileyesus, the fair will focus on solar technology, electric vehicles, digital payment systems, telecommunication, and banking. Ambassador Dina Mufti, on his part, stated that the fair would enhance economic diplomacy and bring suitable technologies to Ethiopia.
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Industrial Parks Development Corporation (IPDC) announced that a free trade zone at the Dire Dawa Industrial Park would be established under the name Dire Dawa Free Trade Zone. Increasing import substitution and export revenue, job creation, and skill transfer are among the goals of the free trade zone.
According to Kiyya Tekalign, Strategy Advisor at IPDC, the Corporation has finalized necessary preparations to establish the zone including legal frameworks, working systems, and infrastructure.Add a comment Add a comment