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Ashewa Technology Solutions S.C. announced that it opened a branch in Nairobi, Kenya. The opening of the branch is expected to help in the development of eCommerce and digital market between the two countries.

Ethiopia secured USD 48.23 million in seven months from the export of electricity to neighboring countries. Accordingly, the country earned USD 24.5 million from electricity export to Djibouti while it gained USD 20.6 million and 3.09 million from exports to Sudan and Kenya, respectively.

According to Ethiopian Electric Power (EEP), only 10% of the country’s total generated power is being exported. The current installed power generation capacity of EEP is 5200 Megawatts.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 22 March 2023.

Ethiopia earned USD 2 billion in the first half of the current fiscal year by attracting 504,840 foreign tourists. During the six months, in addition to tourists who came to explore the country, foreign tourism was also seen in international conferences and business visits.

The Ministry of Industry announced that Ethiopia Tamrit Expo 2023 will be launched on May 6. The expo will be held for five days at Millennium Hall, Addis Ababa, with a view to promoting Ethiopia’s products to the international market.

Sunvado Avocado Oil Factory supplied 120 tons of avocado oil to foreign markets in the current fiscal year. The Netherlands is the main market destination for the company’s products.

Sunvado, which was founded in 2018, is located in Yirgalem Integrated Agro Industrial Park and works with 80 thousand farmers. It has created employment opportunities for 320 citizens. It is Tradin Organic’s, a Dutch company, processing facility for premium avocado oil.

Source: Fana BC and Sunvado

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 21 March 2023.

The Council of Ministers endorsed the regulation which is drafted to revise the Establishment Regulation of the Ethiopian Railway Corporation. The draft regulation has increased the authorized capital and paid up capital of the Corporation to Birr 221 billion and Birr 120 billion, respectively.

Ethiopian manufacturing industries and import-export companies are participating in the 8th World Cooperation Industries Forum. The Forum is being held in Istanbul with a view to enhancing the cooperation between African and Turkish investors and showcase the products of Turkey’s Small and Medium Enterprises.

The Forum will be closed on March 23rd. It is hosting manufacturers from 41 countries and 300 Turkish manufacturers. Close to 1000 visitors are expected to attend the Forum.

Source: Fana BC and WCI Forum

Image source: Fana BC

Chinese investors expressed their interest to attend the Invest Ethiopia 2023 Forum. The investors showed their interest to attend the forum during a meeting with the Ambassador Extraordinary and Plenipotentiary of Ethiopia to the People’s Republic of China, Tefera Derbew.