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Governor Mamo Mehretu of the National Bank of Ethiopia (NBE) addressed the ongoing financial sector reforms at the 7^th Annual East African Finance Conference in Addis Ababa. He revealed a significant rise in the loan portfolio of Ethiopian financial institutions, now standing at Birr 2.3 trillion.

A groundbreaking ceremony on May 8th, 2024, marked the official start of construction for Toppan Gravity's USD 55 million manufacturing facility in Bole Lemi Industrial Park. 

The Southern Ethiopia Region Industrial Parks Development Corporation (SERIPC) announced the launch of avocado oil production for export at the Dila Agricultural Industrial Park.

The Ethiopian Embassy in Juba announced a major forum aimed at strengthening economic ties between Ethiopia and South Sudan. The Ethiopia-South Sudan Business and Investment Promotion Forum will be held in Juba from May 13th to 16th.

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

Ethiopian Coffee and Tea Authority reported strong coffee production and export figures for the first nine months of the 2016 fiscal year. Over 174,596 tons of coffee were exported, generating revenue of USD 835,230,000.

Ethiopian Commodity Exchange (ECX) announced plans to expand its offerings beyond agricultural products to include industrial inputs. Dawit Mura, Head of Corporate Communication at ECX, revealed the diversification plans after reporting sales of Birr 19.4 billion worth of products within nine months of the fiscal year.

Safaricom Ethiopia announced a hefty investment of USD 1.5 billion to build 5,000 new telecom towers across the country over the next three years. This ambitious plan aims to significantly improve network infrastructure and connectivity for millions of Ethiopians.

The Oromia Regional Mineral Development Authority reported significant progress in the mining sector, exceeding USD 213 million in revenue from various mineral exports within the first nine months of the fiscal year. This surge comes alongside a crackdown on illegal mining activities, particularly in the gold sector.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 06 May 2024.