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In a recent development, BGI Ethiopia and Purpose Black have reached an agreement through court mediation, resolving their ongoing dispute. The Federal High Court approved the settlement, leading to the closure of the case and the lifting of a previously imposed ban.

The House of Representatives reviewed a bill proposing changes to the export tax incentive system. The amendment aims to boost industrial growth and foreign currency acquisition by empowering the executive branch with time limit adjustments and reducing penalties for unused imported raw materials.

Awash Bank is named the best bank in Ethiopia by Global Finance magazine for 2024, further solidifying its position among the top financial institutions on the African continent. This recognition places Awash Bank within the elite group of the 36 leading banks across Africa.

The Ministry of Revenues announced surpassing its collection target for the first ten months of the fiscal year. As of today, the Ministry has amassed over Birr 425 billion in taxes, exceeding the targeted amount by Birr 4.91 billion and representing an increase compared to the same period last year.

The "China – Ethiopia Agriculture and Mining Industry Cooperation Fair" (Ethio-China Fair) brought together Ethiopian and Chinese businesses on May 16th in Addis Ababa. Organized by several Ethiopian and Chinese entities, the fair aimed to foster collaboration between the two countries.

Addis Ababa City Sanitation Management Agency reported progress in waste recycling during the first nine months of the 2023/24 fiscal year. Out of the 587,000 tons of solid waste generated in the capital, 67,510 tons were recycled, representing an increase from previous years.

The European Union (EU), Germany, and the Netherlands launched a Euro 36 million program to revitalize Ethiopia's conflict-affected areas. The four-year initiative targets micro, small, and medium-sized enterprises (MSMEs) in Afar, Amhara, and Tigray.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 16 May 2024.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 15 May 2024.

Ethiopian Freight Forwarders and Shipping Agents Association (EFFSAA) submitted a bid to host the 2027 International Federation of Freight Agencies (FIATA) World Congress. This global gathering attracts over 1,000 logistics leaders and industry stakeholders.