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Businesses received fines for unfair trade practices. According to the Ministry of Justice, a Chinese owned cables company named Huasheng Cables Manufacturing PLC was fined Birr 17.7 million for manufacturing substandard electrical cables and providing misleading information to consumers. On the other hand, an entity called Sehima Jemal Se’id was fined Birr 424,000 for importing and selling counterfeit beauty products.

Addis Ababa is hosting the 5^th Agrofood and Plastprnitpack International Trade Fair. The four-day trade fair is being held at Millennium Hall and will close on June 11. Ambassadors, business sector leaders, and invited guests, including Minister of State for Industry Mr. Hasan Mohammed attended the opening ceremony.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 08 June 2023.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 07 June 2023.

The Ministry of Labor and Skills has announced that 51,000 of the 179,000 enterprises established in the country since the government adopted a new policy on family businesses are family-owned.

The Council of Ministers approved a draft budget of Birr 801.6 billion for the 2023/2024 Ethiopian fiscal year.

Prepay Nation and Safaricom Ethiopia have partnered to allow Ethiopians living abroad to send mobile airtime to their loved ones back home. The partnership is expected to benefit over 2.5 million Ethiopians who live outside of their country, particularly in North America, Europe, the Middle East, and the Netherlands.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 06 June 2023.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 05 June 2023.

Ethiopian Construction Works Corporation (ECWC) and Djibouti's Enterprise Dawaleh Construction (EDC) have signed a memorandum of understanding (MoU) to strengthen their strategic collaboration.