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Addis Ababa Chamber of Commerce and Sectoral Associations (AACCSA) initiated a design study seven years ago to modernize the Addis Ababa Exhibition Center, a cornerstone facility for over 40 years. However, the project remains stalled due to governmental delays and a lack of approval.

Somali Regional President Mustefie Mohamed presided over the inauguration of a new car assembly factory in Jigjiga city. The factory, constructed at a cost of Birr 250 million, represents a significant development initiative for the region.

The Ministry of Industry announced the successful conclusion of the 2024 Expo of Ethiopia Tamrit Movement, which generated over Birr 3 billion over its five-day run.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 13 May 2024.

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.