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The Ethiopian Investment Commission (EIC) has outlined its strategy to attract significant foreign direct investment (FDI) in the current fiscal year. The Commission aims to issue 386 new investment licenses and generate USD 4.52 billion from FDI.

Ethiopian Airlines Group's maintenance and training division, Ethiopian MRO, has signed a Letter of Intent with ATR, a leading manufacturer of regional aircraft. This partnership, finalized at the Farnborough International Air Show 2024, aims to enhance Ethiopian MRO's capabilities in both ATR aircraft maintenance and pilot training.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 23 July 2024.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 22 July 2024.

Export revenue from industrial parks falls short of expectations in the 2023/24 fiscal year. The Ethiopian Investment Commission (EIC) reported a total export value of USD 115.2 million, 46% of the targeted amount.

In a significant development, the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) elected a new president and leadership team during its general meeting on July 18, 2024. The meeting was held under the directive of the Ministry of Trade and Regional Integration.

Wegagen Bank has introduced a new digital loan service called "Efoita," designed to benefit various segments of society.

The Addis Ababa City Council approved a Birr 230.39 billion budget for the city's administration in the current fiscal year. This decision was reached after the council's fourth regular meeting, which concluded yesterday with the approval of various appointments.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 18 July 2024.

The horticulture sector has experienced a decline in foreign exchange earnings this year, with a decrease of USD 123 million compared to the previous year, according to Minister of Agriculture Girma Amente.