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TOYO Solar has signed a Memorandum of Understanding (MoU) with the Ethiopian Investment Commission (EIC) to invest USD 60 million in establishing its first solar cell manufacturing plant in Ethiopia. The new facility will be located in the Hawassa Industrial Park.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 11 October 2024.

Ethiopia, which is liberalizing its economy, is in the final stages of opening its logistics sector to foreign investment. This follows earlier reforms that allowed foreign investors to participate in the nation’s banking and finance sectors.

Ovid Real Estate has announced plans to construct 5,000 homes for drivers of Hybrid Designs’ RIDE service and artists associated with Sewasew Multimedia. In a recent agreement, the two companies have committed to building a “Ride Family Village” in Gelan Gura, designed specifically for RIDE drivers.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 10 October 2024.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 09 October 2024.

The Ethiopian Coffee and Tea Authority (ECTA) has unveiled a strategic plan to significantly enhance the country's tea, spice, and coffee production. ECTA’s Director General, Dr. Adugna Debela, outlined key initiatives aimed at expanding these agricultural sectors, with a focus on both improving quality and increasing output to capture new markets.

The Ministry of Trade and Regional Integration announced adjustments to fuel prices, effective October 08, 2024. 

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 08 October 2024.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 07 October 2024.