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Hawassa Industrial Park secured USD 32 million from goods exported to the international market within the past three months.

The park which is located 275 kilometers south of Addis Ababa was inaugurated in 2016 as the first industrial park of the country. It started operation the same year with 52 factory sheds which were rented out mostly to foreign companies.

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

Ethiopian Investment Commission (EIC) and Ethiopian Airlines discussed ways to collaborate on promoting Ethiopia’s investment potential. The two institutions also discussed to work together on manpower skill development.

Anbessa Elite Technical Textile Industry, an Israeli company, entered Bahir Dar Industrial Park to produce apparel and textile with a USD 3 million capital. The company is expected to create employment opportunities for 1000 individuals when it becomes fully operational.

Ethio-Djibouti Standard Gauge Railway (EDR) made Birr 2.5 billion within the past 5 months by transporting 500,000 tons of cargo. The revenue of the company has increased by Birr 600 million when compared with the same period of the past fiscal year.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 6 January 2023.

The Ethiopian Commodity Exchange is in the process of trading minerals and industrial products after securing the necessary approval. It has also inked a memorandum of understanding with the Ministry of Mines on minerals and mineral products.

Development Bank of Ethiopia (DBE) said that it would not be financing any government sector in the 2022/2023 fiscal year. The bank will avail Birr 30 billion for approval and Birr 24 billion for disbursement that will be allocated to private investments which are involved in agriculture and industry and small and medium enterprises.

Ethiopian Railways Corporation (ERC) signed a Memorandum of Understanding With Ethio-Djibouti Standard Gauge Railways S.C. (EDR) to work together on railway sector development, railways resource management, and commerce. The agreement is expected to enhance the railway sector.

EDR was established in 2017 with an initial capital of USD 500 million based on the bilateral investment agreement between Ethiopia and Djibouti which was signed in December 2016.

Source (including image): EDR

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 5 January 2023.