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Ethiopian Construction Works Corporation (ECWC) gained Birr 3.1 billion in revenue in the first six months of the 2022/2023 fiscal year from building, road and bridge, and water resource development projects. It also registered a gross profit of Birr 306.5 million during the same period.

Oromia Industrial Park Development Corporation (OIPDC) inked agreements with eight local and foreign companies that would join Bulbula Integrated Agro Industrial Park. The companies will be engaged in tomato processing and the production of avocado oil, animal fodder, and dairy products.

The Ministry of Finance made an invitation for the submission of proposal from interested parties to partially privatize Etho Telecom. According to the Ministry, companies that did not submit an expression of interest during the call to partially privatize the company in November last year are welcome to submit their proposals.

Pakistani investors who are engaged in the pharmaceutical industry express their interest to invest in Ethiopia. A delegation of representatives of companies based in Pakistan led by the President of Islamabad Chamber of Commerce and Industry Ahsan Zafar Bakhatawari held a meeting with Ethiopia’s Ambassador to Pakistan, Jemal Beker Abdula.

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.