2merkato

Addis Ababa is ready to host a trade fair and conference on the trade and investment relations between German and Africa this week. Participants of this three-day trade fair and conference which will be held between March 2 and 4 will discuss ways to develop trade relations between Germany and Africa.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 27 February 2023.

Amhara Industry Parks Development Corporation leased 35.58 hectares of developed land to eight companies in Bure Integrated Agro Processing Industrial Park (IAIP). The companies have a collective capital of Birr 5.4 billion and are expected to employ 1,989 citizens.

The African Electronic Trade Group, a multi-stakeholder group which works to implement e-empowerments with a view to developing electronic trade in Africa, is negotiating with the Ethiopian Government to open its East Africa Headquarters in Addis Ababa.

Ethiopian Coffee and Tea Authority announced that Ethiopia gained USD 702 million in the past seven months by exporting 126,649 tons of coffee. The revenue is short of USD 165 from the initial target which aimed to collect USD 867 million from 181,323 tons of coffee export.

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

Ethiopian Commodity Exchange (ECX) and Hijra Bank signed an agreement to partner on payment service systems. Hijra has become ECX’s 20th payment system partner. ECX is working to create modern and reliable payment system with a view to building a swift and advanced payment system. It also aims to make the payment system more accessible to traders including farmers, sellers, and buyers.

The Ethiopian Investment Commission and East African Holding have reached an agreement on an industrial park which will be built by East African in Bishoftu. The parties signed the agreement on February 24, 2023.

Shacman Group and BEAEKA General Business PLC collaborate to assemble heavy machineries and vehicles in Ethiopia. Based on the implementation agreement signed between the two companies, 1,500 heavy trucks including cassoni, lobed, sewage cargo vehicle, and hybed will be assembled within a year during the first implementation phase while 3,000 vehicles will be assembled annually when the second implementation phase commences.

Ethiopian Airlines, the largest network operating carrier in Africa, announced in a press release sent to 2merkato.com the resumption of its direct flights between Abidjan and New York John F. Kennedy Airport. The flights will resume as of 29 May 2023. Ethiopian first started serving New York from its main hub Addis Ababa via Abidjan in June 2019. However, the route was suspended in March 2020 due to COVID-19. Later, the flight resumed serving New York via Lomé starting in October 2020.