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The Ethiopian Investment Commission (EIC) and the Sialkot Chamber of Commerce & Industry (SCCI) signed an agreement to establish a consortium of companies in Ethiopia.

Ethiopian Toll Roads Enterprise (ETRE) announced impressive results for the first nine months of the 2023/24 fiscal year. It collected over Birr 748 million Birr in tolls from more than 8.4 million vehicles traveling on their three highways.

Ethiopia attracted USD 3 billion in Foreign Direct Investment (FDI) during the first 10 months of the current fiscal year. This figure is expected to put the Ethiopian Investment Commission on track to meet its annual target of USD 3.5 billion. Although contributions come from diverse sources, China remains the leading investor, responsible for nearly half of all incoming projects.

Safaricom Ethiopia is taking a big step towards local sourcing by incorporating telecom towers manufactured in Ethiopia into its network expansion plans. The company has partnered with Woda Metals, the nation's first producer of telecom towers.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 27 May 2024.

Addis Ababa Public Recreational Areas Corporation (AAPRAC) is seeing green - not just in the parks it manages, but also in its revenue figures.

An agreement was signed yesterday between the Industrial Parks Development Corporation (IPDC) and the National Investment Group (NIG), marking a significant step forward for Ethiopia's aviation industry. The USD 110 million deal paves the way for the manufacturing of aircraft components at Kilinto Industrial Park.

China remains Ethiopia's top foreign investor, surpassing USD 5 billion USD investments last year. Dr. Yang Yihang, a senior Chinese diplomat, revealed nearly 2,000 Chinese projects are underway, creating 65,000 jobs. Over 500 Chinese firms now operate in Ethiopia, introducing 223 new products in 2023 alone.

Ethiopia's Livestock Development Institute (LDI) is witnessing a positive trend in livestock exports, generating approximately USD 74 million in revenue over the past 10 months. This figure, though 65% of the initial target, reflects progress towards the institute's goal of USD 140 million by year's end.

The Board of Directors of the African Development Fund – the African Development Bank Group’s concessional financing window – approved a grant of USD 42.86 million to Ethiopia on 22 May 2024 to fund the implementation of the Agri-MSMEs development for jobs Program.