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The Ethiopian Investment Commission (EIC) and the Industrial Parks Development Corporation of Ethiopia (IPDC) have signed Memorandums of Understanding (MoUs) with the China Civil Engineering Construction Corporation (CCECC).

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 8 August 2023.

Hawassa Industrial Park (HIP) generated USD 54 million in textile and garment exports to the global market during the previous fiscal year. This is despite facing challenges, such as the loss of duty-free access to the US market.

The company's Managing Director, Ahmet Murat, met with Ethiopia's Ambassador to Turkey, Adem Mohammed, to discuss investment opportunities in Ethiopia. Ambassador Mohammed provided an overview of the country's attractive investment options, including its abundant natural resources, skilled workforce, and favorable investment climate.

Ethiopian Airlines honored travel agencies and tour operators for their exceptional contributions to the growth of tourism and the economy of Ethiopia. The award ceremony, themed "Celebrating Partnership with Renewed Commitment," was attended by Alemu Sime, the Minister of Transport and Logistics, Nasise Chali, the Minister of Tourism, Mesfin Tasew, the CEO of Ethiopian Airlines, and representatives from various travel agencies and tour operators.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 7 August 2023.

Hibret Bank signed a partnership agreement with Safaricom M-PESA to collaborate on various initiatives that will enhance the provision of digital financial solutions in Ethiopia. As part of an initial step for the agreed upon broad project, Hibret Bank is appointed as a Super-Agent to synergize the Cash-in and Cash-out process of the numerous agents registered under Safaricom M-PESA.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 4 August 2023.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 3 August 2023.

The Ethiopian Development Bank has turned around its fortunes in recent years, thanks to a series of reform measures that have helped the bank overcome bankruptcy and become profitable.