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The Ministry of Industry announced that three Integrated Agro Industrial Parks (IAIPs), Bure, Bulbula, and Yirgalem, were open to investors. Bure IAIP, which is situated in Amhara Regional State and built at a cost of Birr 8 billion, has already attracted the interest of 103 investors.

The price cap on sesame seeds trading at the Ethiopian Commodities Exchanges (ECX) was lifted last week. The Ministry of Trade and Regional Integration (MoTRI) disclosed the decision to Capital Newspaper citing inflation on the product which led to the removal of the price cap. However, Kassahun Gofe, MoTRI State Minister, indicated that the Ministry might reintroduce the price cap if extraordinary price surges appeared.

Mines Resource Development Bureau of Amhara Regional State gave inspection licenses to 11 investors who would engage in cement manufacturing. The investors are expected to start construction after concluding their tests. Two companies have already started constructing their factories.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 25 November 2022.

Ethiopian Investment Commission (EIC) announced that Ethiopia was working towards establishing special economic zones with a view to improving international trade connectivity and attracting foreign direct investment. To realize this goal, a draft proclamation on special economic zones is prepared which is aimed at promoting regional and international trade relations by enhancing the environment of free trade zones and industrial parks.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 24 November 2022.

Ethio Telecom announced that it had signed an agreement with CNET Software Technologies for the implementation of Telebirr and CNET integrated payment system. The agreement will allow the customers of supermarkets, companies in entertainment and hospitality service, hospitals, pharmacies, and cafes which are partners of CNET Technologies to pay service charges using Telebirr.

Derba MIDROC Cement and Sinoma International Engineering Group agreed to work together on the Derba Cement Factory expansion project. The agreement is expected to increase the daily production capacity of the factory to 150,000 quintals by enabling the factory to produce 80,000 additional quintals of cement to what it is currently producing.

The Ministry of Labour and Skills (MoLS) revealed that it was ready to host the 15th Global Entrepreneurship Week. According to Nigussu Tilahun, State Minister of MoLS, Ethiopia will celebrate the week for the 9th time under the theme “Million Challenges Million Opportunities”.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 23 November 2022.