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Three manufacturing companies which are engaged in pharmaceutical packaging, oxygen and nitrogen production, and printing signed an agreement with Industrial Parks Development Corporation (IPDC) to start production at Jimma town, Kilinto Industrial Park, and Addis Industrial Village.

Th companies have a capital of Birr 11 billion and are expected to create employment opportunities for 600 citizens.

Source (including image): IPDC

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 21 December 2022.

Ethiopian Coffee and Tea Authority (ECTA) announced that Ethiopia earned USD 615 million between July and November this year by exporting 109,000 tons of coffee. The revenue surpasses last year’s gain from coffee during the same period by USD 100 million.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 20 December 2022.

Ethiopian Shipping and Logistics Service Enterprise (ESLSE) announced that the dry port built to aid Dire Dawa Free Trade Zone was handling 10 trucks per day and providing streamlined logistics services.

CEO of Ethiopian Airlines, Mesfin Tasew, disclosed that the airline expected to transport 12.7 million passengers during the current fiscal year. The airline’s passenger business will recover to pre-COVID levels if it manages to transport passengers as planned. Ethiopian Airlines was able to give service to 8.6 million passengers in the previous financial year.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 19 December 2022.

The Commercial Bank of Ethiopia (CBE) and Oromia Cooperative Unions Expansion Agency signed an agreement to work together. The agreement will enable farmers to pay for fertilizes and agricultural equipment which they buy from the Agency using mobile banking.

Ethiopia secured USD 41.8 million from exporting 5,900 tons of meat products. Dubai, Saudi Arabia, and Kuwait are among the top destinations for Ethiopian meat. According to Ethiopian Agricultural Authority, Ethiopia has the potential to export 200 thousand tons of meat per year.

Governor of the National Bank of Ethiopia, Yinager Dessie (PhD), announced that the draft Security Right Proclamation would be implemented soon. The Proclamation will allow individuals and companies to borrow from banks by registering their movable assets as security.