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Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 24 March 2023.

Ethio Telecom’s Telebirr developed into Telebirr superApp which enables its customers to get access to various services including e-commerce, biometric authentication, food delivery, entertainment, utility bill payments, and transportation.

The Ethiopian Capital Market Authority reiterated that it would start issuing licenses to capital market service providers after three months. It is to be recalled that the Authority announced in February this year that it was working to license capital market service providers within six months.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 23 March 2023.

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