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Ethiopia signed a Memorandum of Understanding (MoU) with China on February 21, 2023 in Beijing to establish an economic cooperation group which was aimed at enhancing economic and trade relations between the two countries.

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

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

Ethiopia collected USD 250 million over the past seven months by exporting oilseeds and grains. Sesame, Niger, and Castor bean were the most exported oilseeds while soybean claimed the lion’s share in the export of grains.

Ethiopia, Burundi, and Niger will become beneficiaries of China’s zero-tariff treatment starting from March 1, 2023. The treatment targets 98% of taxable items which are exported from the three countries to China. 

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 20 February 2023.

The Development Bank of Ethiopia (DBE) announced that it was ready to launch the fourth round of the National Training Program of Small and Medium Scale Enterprises. The bank registered 435 thousand applicants for the training while its target was to train 50 thousand individuals.

BGI Ethiopia, a subsidiary of the Castel Group, injected Birr 500 million into Meto Abo Brewery. BGI’s investment is used to remodel and expand the Brewery by enhancing the company’s capacity and improving its brand. The company is purchasing new machineries and generators which are expected to increase production capacity.

Ethiopia earned a revenue of USD 57.73 million in the past seven months from exporting 10,434 tons of meat and meat by-products. The country was also able to gain close to USD 1.5 million from honey, wax, and camel milk during the same period. Goat meat was the most exported type of meat which registered USD 50.2 million from the total revenue gained from meat export.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 17 February 2023.