2merkato

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 27 November 2023.

A steel manufacturing industry is set to be constructed in Mekele city through a collaboration between Ethiopian and Chinese investors, with an estimated cost of Birr 6 billion.

Ethio-Djibouti Standard Gauge Railway Share Company (EDR) exceeded its revenue and cargo transport targets in the first quarter of the current fiscal year.

East African Holding Group announced that the Lemi National Cement Factory, with a daily clinker cement production capacity of 10,000 tons, will be completed in March.

Ethiopian Meat Producers '-Exporters' Association (EMPEA) has set a target of earning USD 135 million by exporting 25,607 tons of meat products in the current fiscal year. However, achieving this goal remains challenging due to a combination of factors, including rising domestic prices, livestock smuggling, and underutilized export slaughterhouses.

The Ethiopia Commodity Exchange (ECX) is gearing up to market flax, gulo fruit, and teff in the current fiscal year through a modernized marketing system. The completion of research on flax and malting barley has set the stage for these products to enter the market, with preparations underway to ensure their introduction does not adversely impact the domestic market.

A new plastic pipe and conduit manufacturing factory, established at a cost exceeding USD14 million in Adama Industrial Park, has commenced operations.

In the initial quarter of the current Ethiopian fiscal year, the Ministry of Agriculture reported that over USD 169.5 million was generated from the export of flowers, vegetables, and fruits. This performance surpassed 63.1 percent of the set plan, according to Mekonnen Solomon, the Horticulture Export Coordinator at the Ministry of Agriculture.

Raxio's Data Center has inaugurated a new facility in Addis Ababa, aiming to boost digital inclusion and extend Ethiopia's ICT infrastructure.

Sidama Bank and the Documents Authentication and Registration Services (DARS) have officially partnered up to collaborate across a variety of fields. The agreement was signed at Sidama Bank's Head Office by CEO Tadesse Hatia and DARA Director General Degato Kumbi.