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Ethiopia's ambitions to become a major electricity exporter in Africa are gaining momentum. The Ethiopian Electric Power (EEP) announced plans to expand its reach, with Tanzania becoming the next recipient and South Africa targeted within the next five years.

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

BGI Ethiopia announced that the sale of its headquarters and manufacturing facility in Mexico Square, Addis Ababa, to Purpose Black Ethiopia had been halted. The decision comes after prolonged negotiations and Purpose Black's failure to sign the final sales agreement.

The Ashegoda Wind Power Plant in Tigray is back in operation after a three-year hiatus caused by the war in the north. Commissioned in 2014, the wind farm plays a key role in supplying clean energy to the region.

OVID Group, a local real estate developer, is proposing a solution to Addis Ababa's transportation woes: cable car technology. The company has already completed a project study.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 7 March 2024.

The Ethiopian Horticulture Producer Exporters Association (EHPEA) announced that Ethiopia exported a significant amount of flowers for Valentine's Day this year. Between January 22 and February 14, 2024, the country exported 4,500 tons of flowers, targeting key markets in Europe, the UK, the US, the Middle East, and the Far East.

Oromia Regional State has generated over USD 163.74 million in revenue from mineral exports within the last seven months. This export figure comes alongside domestic earnings which reached Birr 1.036 billion.

Ethiopia's economy is projected to grow by 7.9% in the current fiscal year, according to the Ministry of Planning and Development. This positive outlook follows results across various macroeconomic indicators during the second quarter, reported during a performance review meeting led by Prime Minister Abiy Ahmed on March 5, 2024.

The Institute of Foreign Affairs (IFA) held a discussion forum on Wednesday, emphasizing the growing need for Ethiopia to adopt national policies regarding Artificial Intelligence (AI) as its global influence rises.