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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.

Despite ongoing challenges, Tigray's industrial sector is showing signs of recovery with the launch of 227 new businesses in the past nine months, according to Minister of Industry Melaku Alebel.

Ashewa Technology Solutions signed a collaboration agreement with Santim Pay Financial Solutions, aiming to offer customers more convenient and affordable payment options with lower transaction fees. CEO Daniel Bekele highlighted the importance of this partnership in providing alternative payment methods.

The Ministry of Agriculture announced earnings of USD 2.2 million from 800 tons of cotton produced in the past nine months. While this demonstrates potential, researchers warn that Ethiopia utilizes only a fraction of its suitable land for cotton cultivation.

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

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 21 May 2024.

The Ethiopian Insurance Corporation (EIC) is reporting a boost in its risk management capacity, exceeding Birr 6.2 trillion in the first nine months of the current Ethiopian fiscal year. This marks a 50% increase from the same period last year.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 20 May 2024.