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For the current fiscal year, the Ministry of Revenues (MoR) has set a goal of collecting Birr 529 billion in taxes. This represents a 17% increase over the prior fiscal year.

During the 2022/2023 fiscal year, Ethiopia's horticulture export industry generated USD 660 million in revenue. The sector is anticipated to reach USD 731 million in the upcoming 2023/2024 crop season.

The Federal Democratic Republic of Ethiopia has extended the bid submission date for the privatization of 8 state-owned sugar enterprises to October 5, 2023, from the original submission date which was August 3, 2023.

Chinese car manufacturer, Chery Commercial Vehicles International Corporation, is planning to explore investment opportunities in Ethiopia and will be sending representatives to the country soon. The company's General Manager, Mr. Jean Cui, discussed the possibility of establishing an assembly plant for Chery Commercial Vehicles in Ethiopia during a meeting with the Ethiopian Ambassador to China, Tefera Derbew.

Amhara Regional State issued investment licenses to 4,724 investors with a combined capital of Birr 483.7 billion during the concluded fiscal year. Around 957,000 jobs are anticipated to be created once these investments are up and running, with manufacturing being the primary industry for the approved investments. The sector earned 1,477.7 hectares of the total 32,157 hectares of land allotted to 1,288 investors.

The Ethiopian Conformity Assessment Enterprise (ECAE) is expanding its services to the Horn of Africa region to generate income. ECAE has been modernizing its testing laboratory and inspection and certification services to provide quality and effective services.

The Tulu Kapi gold mine, which is Ethiopia's first modern industrial-scale gold producer, is scheduled to begin operations in September. The mine has a capital investment of over 500 million USD and has completed all necessary preparations to commence its activities.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 28 July 2023.

The Somali Regional State's Investment and Industry Bureau has granted new investment licenses to developers who registered a capital of Birr 11.4 billion in the last financial year.

Russian President Vladimir Putin pledged to increase trade, economic, and humanitarian ties between Russia and Africa during his speech at the second Russia-Africa Summit in Saint Petersburg. He stressed Russia's commitment to cement cooperation with African countries in the areas of energy, mining, infrastructure, education, health, and ICT sectors.