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In August 2023, Ethiopia's coffee industry achieved a significant milestone as it garnered USD 140 million in revenue from exporting 27,000 tons of coffee. This marks an impressive 18% increase in coffee volume compared to the same period last year.

The Ethiopian Enterprise Development (EED) is actively engaged in fostering the establishment of new ventures to cultivate enterprises that contribute to foreign currency generation. During a recent stakeholder discussion, EED Director General Alebachew Nigussie (PhD) emphasized the organization's collaborative endeavors with partners to enhance the productivity of existing enterprises, with a particular focus on the manufacturing sector.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 19 September 2023.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 15 September 2023.

The 20^th African Fine Coffees Conference and Exhibition, along with the inaugural African Coffee Week, will be hosted by Ethiopia in Addis Ababa from February 5^th to 9^th, 2024. This significant event is jointly organized by three prominent African organizations: the African Fine Coffee Association (AFCA), the Inter African Coffee Organization (IACO), and the Ethiopian Coffee and Tea Authority.

According to the Ethiopian Electric Power, the Aluto Langano geothermal project has successfully conducted a production test, achieving a capacity of 25 MW.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 14 September 2023.

The Board of Directors of the African Development Bank Group has granted approval for a transmission project in Eastern Ethiopia, securing a financing of USD 104 million. This project, funded by the African Development Fund and Korea's Economic Development Cooperation Fund, aims to benefit various communities, including small farmers, livestock farmers, manufacturers, and students.

The Somali Regional State Investment and Industry Bureau has made an announcement regarding the licensing of 367 new investors including 37 foreign investors across various sectors, amounting to a significant total investment of over Birr 11.4 billion. This influx of investments is expected to generate 12,243 job opportunities.

Ethiopia is actively participating in the International Specialty Coffee Fair taking place in Doha, Qatar. The event spans three days, including today.