2merkato

The Ethiopian Electric Utility (EEU) signed a memorandum of understanding (MoU) with Huawei on Friday to achieving universal electricity access. This agreement, signed during the Ethiopia Green Energy Summit 2024, aims to provide electricity to people living in remote areas currently not connected to the national grid.

Over the past eight months, domestic sales of products manufactured at the Arerti Industrial Park reached Birr 1 billion. The industrial park sits on 150 hectares of land and is located in Arerti, Oromia. It specializes in Textiles, Ceramics, and Woodwork.

The Mastercard Foundation Fund for Resilience and Prosperity launched an Agribusiness Challenge Fund, calling for proposals from SMEs in the agriculture sector that can create work opportunities at scale for young women and men, young persons with disabilities, and refugee youth.

East African flower growers can expect a boost in business thanks to a new tax break from the UK. Announced by the UK High Commission in Nairobi, the initiative offers duty-free access for cut flower exports from the region until 2026.

Ethiopia's electric grid is set for a major boost with a USD 500 million investment from the World Bank. The Ethiopian Electric Power (EEP) announced plans to build 14 new power distribution stations and lines, alongside renovations of existing power plants and distribution networks.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 11 April 2024.

Ethiopia is on the home stretch of joining Africa's free trade area, the African Continental Free Trade Area (AfCFTA), according to the Ministry of Trade and Regional Integration (MoTRI).

Ethiopia's Ministry of Finance is tightening its grip on tax collection with a new directive requiring excise stamps on specific goods. This move targets producers and importers of spirits, tobacco, bottled water, beers, cigarettes, and cigarillos, with the potential to expand to other products.

Bishoftu Automotive Manufacturing Industry (BAMI) has launched a pilot project to produce safari cars, aiming to meet the growing demand for locally-made touring vehicles in the expanding tourism sector.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 8 April 2024.