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Ethiopia and Djibouti agreed to revise the prices of agricultural products, mainly fruits and vegetables. The two countries reached an agreement to readjust the prices of the products after forty years in a joint technical committee meeting held between January 15 and 16.

Pakistan’s Arif Habib Group showed interest to invest in cement, fertilizer, and steel manufacturing in Ethiopia. Ethiopian Investment Commission’s (EIC) Commissioner Lelise Nemie met with the CEO of the Group Muhammad Kashif and Ethiopian Ambassador to Pakistan H.E Jamal Baker yesterday.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 16 January 2023.

Twenty-one hotels in Oromia Regional State were awarded five to one star during the past five months. Oromia Culture and Tourism Bureau collaborated with the Ministry of Tourism to designate the stars to the hotels. In the past, stars were awarded to the hotels in the Regional State by the Federal Government. The Bureau awarded the stars after examining 31 hotels.

Ministry of Urban and Infrastructure announced that a regulation which would help resolve problems in the construction sector was drafted. Corruption, compromised quality, and delay in completing projects are some of the problems seen in the construction sector.

The Commercial Bank of Ethiopia (CBE) and Seregela PLC inked an agreement to collaborate on payment systems. The agreement will enable customers of Seregela to effect payment using CBE card, mobile banking, or CBE Birr.

A company that assembles electric cars will begin operation in Debre Birhan after three months. The car assembly company, which is owned by Belayneh Kinde, will assemble one thousand cars annually once it becomes fully operational. It is also expected to create employment opportunities for 500 individuals.

Akobo Minerals, a Norway based gold exploration and mining company, will start production after three months. The company is expected to generate USD 100 million annually once it becomes fully operational.

Ethiopia earned USD 32.61 million from five months’ electricity export to Sudan and Djibouti. The country sold 580 million KW to the neighboring countries. However, the revenue gained during the past five months showed a USD 6.2 million decrease when compared to the same period in the 2021/2022 fiscal year.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 12 January 2023.