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Southern Nations’, Nationalities’, and Peoples’ Region (SNNPR) licensed 96 investors who collectively had Birr 9.3 billion capital during the first half of the current fiscal year. The investors are currently engaged in agriculture, service, and industry sectors.

The Regional State was also able to create job opportunities for 200 thousand citizens. It is expected that the newly licensed 96 companies will employ 46 thousand citizens when they become fully operational.

Source: Ethiopian News Agency

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 9 February 2023.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 8 February 2023.

The Ministry of Industry announced that it was working to replace imported electric cables and transformers with locally produced products during a discussion forum with Ethiopian Electric Power (EEP), Ethiopian Electric Utility (EEU) and other stakeholders. The institutions have signed a memorandum of understanding which enables them to work together.

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.