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The Ethiopian Commodities Exchange (ECX) made a payment of Birr 14 billion during the past seven months using an electronic trading system. ECX started modernizing its payment system 15 years ago by entering agreements with Commercial Bank of Ethiopia and Dashen Bank. It currently works with 19 banks to enhance its trading system.

Ethio Djibouti Standard Gauge Railway S.C. (EDR) has increased its share in national logistics from 11% to 15% by increasing the value and variety of goods its transports. The company was also able to collect Birr 350 million in revenue in January.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 7 February 2023.

Oromia Regional State identified five towns – Chiro, Yabelo, Sendafa, Ambo, and Tefki, to build industry zones. Chiro and Yabelo are chosen for their proximity to Ethio-Djibouti railway and the Kenyan port, respectively, while Sendafa, Ambo, and Tefki are selected considering their proximity to Bole International Airport.

The Ministry of Industry revealed that domestic products substituted import goods worth USD 1.07 Billion during the first half of the current fiscal year.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 6 February 2023.

Ethio Telecom announced a new program called Ethiotel Innovation Program which was mainly designed for startup digital and financial technology companies. The program will address several challenges that are faced by startups in various areas such as marketing and market penetration, finance, and talent attraction.

Industrial Parks Development Corporation (IPDC) is participating in the International Fabric Fair Paris. The Corporation is promoting Ethiopian industrial parks and investment sectors in which investors will be able to engage in.

The fair which is being held in France is hosting more than 900 companies mainly from Europe, India, China, Indonesia, Japan, Turkey, and various other countries.

Source (including image): IPDC

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 3 February 2023.

Ministry of Trade and Regional Integration (MoTRI) approved the draft commodity agreement which was prepared by Ethiopian Commodity Exchange (ECX) to modernize wheat sale transaction. ECX drafted the agreement after analyzing samples that were collected from major wheat producing areas in Oromia, Amhara, SNNPR, and Sidama Regional States. The agreement is expected to play its part in ensuring the shipment of quality wheat to other countries.