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Addis Ababa City Revenues Bureau (AACRB) announced a successful performance in tax collection, exceeding expectations for the past nine months.

In Addis Ababa, the Ethio-Djibouti Railway transitioned to joint management by Ethiopia and Djibouti. For the past six years, the Chinese Railway Construction Corporation (CRCC) co-managed the line as part of China's Belt and Road Initiative.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 09 May 2024.

The Ministry of Trade and Regional Integration announced an update on fuel prices effective May 9, 2024. While the retail prices of white diesel, kerosene, jet fuel, light black diesel, and heavy black diesel will remain unchanged, the price of gasoline will see a minor increase due to recent fluctuations in the global market. These rates are as follows.

Source: Fana BC

The Ethiopian Investment Commission (EIC) announced a policy shift allowing companies in industrial parks to sell half their production domestically. This aims to incentivize investment, stabilize market prices, and boost production.

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.