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The Ministry of Agriculture launched a National Red Meat Strategy which was formulated to increase red meat production and export, enhance the red meet markets, and develop the productivity of feed industries.

Addis Chamber Manufacturing and Technology Exhibition opened in Addis Ababa today. More than 100 domestic and foreign manufacturing companies, technology suppliers, producers, importers, and other institutions are taking part in the exhibition which is taking place at the Addis Ababa Exhibition Center.

Ethiopian Investment Commission (EIC) and the Ministry of Finance (MoF) vowed to create a solid and permanent EIC-MoF aftercare platform for Chinese companies. The institutions organized an aftercare workshop today together with the Chinese Commercial Councilors Office.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 17 November 2022.

Ethiopian Enterprise Development (EED) announced that it had established 419 new manufacturing enterprises during the first quarter of the 2022/2023 fiscal year. The institution also implemented initiatives to boost the already existing 1,378 enterprises and targets the establishment of 4062 new enterprises by the end of the fiscal year.

The Ethio-Kenya 500KV power transmission line and substation started power transmission today. The power transmission line has the capacity to transmit 2000MW of electricity to Kenya, Tanzania, and South Africa and has the potential to generate USD 100 million annually from the sale of electricity.

Ethiopian Investment Commission (EIC) stated that Carvico Ethiopia was creating decent jobs and boosting exports. EIC’s and Industrial Parks Development Corporation’s management met the textile company to review the company’s status and challenges.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 16 November 2022.

Ministry of Finance issued an invitation for expression of interest today to partially privatize Ethio Telecom. The company which will win the bid will own 40% of the equity share capital of Ethio Telecom and join the Ethiopian telecom market alongside Ethio Telecom and Safaricom.

Yirgalem Integrated Agro Industrial Park (IAIP) announced that it was ready to lease 97 hectares of developed land to investors who wish to join the park.