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Ethiopian Intellectual Property Authority (EIPA) announced Ethiopia's commitment to safeguarding its genetic resources and associated traditional knowledge. This comes after signing the Final Act of a new treaty with the World Intellectual Property Organization (WIPO) on May 24, 2024.

Ethiopia's cement industry is poised for growth with the upcoming launch of the Lemi National Cement Factory. Expected to begin production in two months, the factory is projected to fill a major gap in the country's cement supply. At full capacity, Lemi will produce 6.4 million tons of cement annually, nearly doubling Ethiopia's current production.

Ethiopia's healthcare industry is gearing up for a major showcase with the first-ever domestic medical resource production and innovation exhibition. The event, themed "Our Health is Our Products," will be held from June 22nd to 27th, 2024.

The Ministry of Mines announced that USD 274 million has been earned from gold exports in the last nine months, reflecting an 83% growth compared to the same period last year.

Wegagen Bank and Mpesa, a mobile banking platform offered by Safaricom Ethiopia, have joined forces to provide customers with convenient digital payment solutions. This partnership, approved by the National Bank of Ethiopia, aims to eliminate the need for cash transactions.

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.