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Fincha, Wonji Shewa, Omo Kuraz II, and Omo Kuraz III sugar factories resumed production. Ethiopian Sugar Industry Group further announced that Tana Beles, Kesem, Arjo Dedesa, and Metehara sugar factories were under maintenance and will be back in the market starting from March, 2023.

Commercial Bank of Ethiopia (CBE) announced that it had launched an app called Ethio Direct, a time efficient and easy to use digital remittance service.

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

The Ethiopia Capital Market Authority (ECMA) which was established in June 2022 is working to launch the Ethiopian Capital Market in two years. The regulatory framework for the capital market came into picture in 2021 when the National Bank of Ethiopia (NBE) issued the Capital Markets Proclamation No. 1248/2021.

The Industrial Parks Development Corporation (IPDC) inked memorandums of understanding with 8 manufacturing companies and four finance institutions which were ready to enter the Dire Dawa Free Trade Zone.

The Ministry of Industry (MoI) announced that it would enable 179 manufacturing companies that stopped working due to various problems to go back to business in the coming six months. Bank debts, shortage of inputs, and inability to meet tax obligations are some of the problems that drove the companies out of market.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 26 January 2023.

Ministry of Trade and Regional Integration (MoTRI) and Cement Manufacturers’ Board (CMB) announced the price of cement that will be implemented starting from January 30, 2023. The price is set as follows:

Haile Grand Hotel which is built by Haile Hotels and Resorts was launched today. The five-star designated is located in Addis Ababa and fully constructed by Ethiopians.

Ethiopian Shipping and Logistics Service Enterprise (ESLSE) collected Birr 19.5 billion in the first half of the current fiscal year. The company was able to transport 1.8 million tons of goods during the same period. It also transported 312 thousand tons of unpacked cargo, and 4,500 tons of packed cargo in containers.