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Ten local companies with a capital of over Birr 8.2 billion Birr have signed agreements with the Industrial Parks Development Corporation (IPDC) to operate in the industrial parks. The agreement aims to increase private sector engagement in IPDC and encourage local companies. Five of the ten companies will be engaged in manufacturing pharmaceuticals.

Ethiopia generated USD 71 million in the past 9 months from electricity export. The Ministry of Water and Energy stated that efforts were being made to overcome the foreign currency shortage in the country by increasing income from the sale of electricity. The country was able to export 10,725 Gigawatts of power during the same period.

The National Bank of Ethiopia (NBE) has reported a decrease in the amount of gold it has received during the current fiscal year. The bank received 2,684 kilograms of gold during the past nine months of the fiscal year out of the planned 10,000 kilograms of gold representing a 62.5 percent decrease compared to the same period last year. The data of the Ministry of Mines shows that the country has produced 2.68 tons of gold in the current fiscal year.

During the first nine months of the current Ethiopian fiscal year, the country granted investment licenses for 15 foreign and 29 domestic companies that would participate in the development, exploration, and production of minerals.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 04 May 2023.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 03 May 2023.

The Sidama Regional State Trade and Industry Bureau has organized an exhibition and bazaar in Hawassa city under the theme “Productivity of Our Industries for Our Propsperity”, featuring 120 local manufacturing industries.

The Ethiopian Industrial Parks Development Corporation (IPDC) is currently reviewing its performance for the first 9 months of the 2022/2023 fiscal year in Jimma City. During the forum the Corporation reported that it generated USD 121.9 million from foreign trade exports in the past 9 months – USD 34 million short of its plan to get USD 156 million in export revenue.

The Ministry of Trade and Regional Integration (MoTRI) revised fuel prices yesterday, May 3, 2023. According to the Ministry, the price adjustment will be effective until June 7, 2023.

The revised price of the different types of fuel/gas is as follows.

Source: Ethiopian Broadcasting Corporation

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 02 May 2023.